MtGox Undergoing 150,000 Hacks per Second, According to Their Claims
In the cryptocurrency world, the disappearance of around 750,000 Bitcoins from the defunct MtGox exchange continues to be a mystery. The value of these stolen Bitcoins, estimated at approximately $575 million, was a significant blow to the exchange, which filed for bankruptcy in February 2014.
The hacking attacks, which lasted for multiple days, were a major factor in the collapse of the MtGox platform. The exchange, based in Tokyo, claimed that hackers were successful in stealing the Bitcoins during these attacks. However, the responsibility for these alleged thefts remains unclear and unconfirmed by any specific individual or group.
In an attempt to recover at least a portion of the lost funds, over 400 people from various parts of the world have formed a class action lawsuit against MtGox. This lawsuit aims to recover either the Bitcoins or an equivalent amount of money from the exchange. The class action lawsuit involves people from multiple countries, reflecting the global impact of the MtGox Bitcoin loss.
Despite the alleged hacking attacks and the loss of around 750,000 Bitcoins, MtGox is believed to have made substantial profits through fees on their site. The exchange reportedly experienced over 150,000 hacker attacks per second over several days. A large group of experienced hackers is suspected to have carried out the attacks on MtGox.
However, as of the current date, no recent information about class action lawsuits or legal recoveries connected to MtGox is available. The search results do not provide any updates or details on ongoing litigation or class actions related to MtGox or its Bitcoin theft. For the most up-to-date and detailed status of MtGox-related lawsuits or investigations, consulting specialized legal or cryptocurrency news sites may be necessary.
The MtGox Bitcoin incident, a general-news topic, has also sparked interest in the realm of crime-and-justice, with the questionable hacking attacks on the exchange raising concerns about cybersecurity in the technology industry. Despite the lawsuits and ongoing investigations, no recent updates or details on the progress of the MtGox class actions or legal recoveries have been disclosed, underscoring the need for continued vigilance and investigation in this emerging field.
