Crypto currency derivative BitMEX, recently announced an increase in attempts to attack user accounts.
BitMEX, the crypto-currency exchange focused on leveraged transactions, has recently announced an increasing number of hacking attempts on the platform and advises users to improve security measures as much as possible.
ME We want to remind all customers and users that they need to protect their BitMEX accounts using strong and unique passwords, two-factor authentication, and a password manager, Bit BitMEX said, indicating an increase in unauthorized access attempts to customer accounts.
According to BitMEX, research by Google shows that enabling two-factor authentication (2FA) can prevent attempts to steal almost all account information. BitMEX, which believes that 2FA is the best way to prevent such attacks, says it is considering enforcing it on its platform.
The company also says that risky accounts on the stock exchange are often associated with weak or reused passwords, hacked emails, or infected computers. In addition, BitMEX said they have discovered a number of new tactics in account hacking and have updated their policies accordingly.
The first of these tactics is to disable email notifications related to account logins to further hide the traces of hackers. The stock market has announced that it will no longer have the option to disable such notifications.
Secondly, the attackers were creating API keys in the accounts they hacked, which could be used to verify withdrawals alone. E-mail verification is now required for withdrawal requests via APIs.