BitMEX reported an increase in hacking attempts …

BitMEX reports an increase in the number of attempts to hack user accounts

Popular crypto derivatives exchange BitMEX this Tuesday reminded its users of the necessary precautions to protect their accounts.

According to BitMEX, there has been a recent increase in the number of attempts to hack user accounts and gain unauthorized access to them. Not only the intensity of attacks is growing, but also their overall level. For example, cybercriminals now increasingly prefer to transfer funds from a hacked account to another account they control through trading, rather than trying to immediately withdraw them..

Often, attackers disable email notifications about logging into a BitMEX account after they gain unauthorized access. Alternatively, they can try to activate two-factor authentication to create an API key with a withdrawal function. Often in such cases, customers report that they did not receive emails about strangers entering their account or about unauthorized withdrawals..

The exchange is considering the possibility of enforcing the two-factor authentication function for all user accounts. At this time, the ability to disable notifications about logging into accounts will be eliminated, and requests for withdrawal of funds sent using the API will always have to be confirmed by the link in the email.

BitMEX reported an increase in hacking attempts ...

As a precautionary measure, BitMEX recommends that all users be sure to use two-factor authentication, strong passwords that are different for different sites, assess the associated risks, for example, regularly check the account balance, and add a contact to the exchange’s support service in order to exclude the possibility of important emails getting into the spam folder..

In April, it became known that BitMEX could launch options and bonds pegged to bitcoin.

BitMEX reported an increase in hacking attempts ...