Key Points
- Victims of the Mt. Gox hack may soon receive some compensation, but there are fresh fears of a new attack.
- A poll shows that 55% of the victims plan to hold onto their Bitcoin after receiving it.
The Mt. Gox bankruptcy, which has been fraught with issues and delays, has faced another potential setback.
Victims of the infamous Mt. Gox hack, where 850,000 BTC was stolen, have been waiting for a decade for compensation.
New Threats
However, new threats have emerged this week, with some victims receiving multiple emails alerting them of unauthorized logins to their accounts.
This has raised concerns of an opportunistic individual attempting to steal the recovered 141,000 BTC that is meant for the victims.
One user reported receiving 15 notifications for account logins and was unable to access their account, sparking fears of another attack.
Despite these fears, it was found that the website’s email system sends a login confirmation email before the two-factor authentication code is entered, which may have prevented the attacker from gaining access.
Security Concerns
This situation has highlighted the security flaws in the Mt. Gox system and the risks associated with bankruptcy proceedings, where customer details can become public.
The Mt. Gox website was temporarily taken down for maintenance following these login attempts.
Despite the concerns, one creditor noted that there was little to worry about as the crypto assets had already been sent to custodians.
Bitcoin’s Future
The potential influx of 141,000 BTC into the market has raised concerns about its impact on Bitcoin‘s performance.
However, Bitcoin has managed to recover, particularly after the German government decided not to offload 50,000 BTC seized from a criminal enterprise.
A recent poll asked whether victims planned to sell their Bitcoin after receiving it.
Surprisingly, 55% of respondents said they would not sell any of their Bitcoin, while only 18.8% said they would sell all of it.
These figures are not entirely unexpected, as many of the victims were early adopters of Bitcoin and likely still believe in its potential.
Despite the challenges, it is clear that many are ready to move on from Mt. Gox and continue their journey with Bitcoin.
