Dormant Bitcoin assets worth over $8 billion held at Mt. Gox face renewed threat from advanced phishing campaigns exploiting historical security vulnerabilities.
Attackers are actively targeting the defunct exchange’s cryptocurrency address through sophisticated tactics, including impersonation of the historic investment bank Salomon Brothers. This method was previously documented as early as 2011 but continues evolving to bypass modern protections.
The resurgence highlights systemic security weaknesses surrounding high-value crypto assets and the persistent dangers facing dormant holdings. Industry experts emphasize the urgent need for multi-layered security measures including communication verification protocols, mandatory multi-factor authentication, and vigilant software maintenance.
This incident serves as a critical warning to the cryptocurrency ecosystem about evolving threats to vulnerable assets, underscoring that even longstanding dormant holdings remain attractive targets for attackers seeking substantial payouts.