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You leave your trading bot running and go to sleep. When you wake up, it’s still placing trades—but the person placing them is no longer you.Japanese IT giant GMO Internet offers a cloud server service called “お名前.com デスクトップクラウド.” Many people rent its Windows servers to keep MT4 and MT5 running around the clock for automated forex trading.
On October 19, a customer reported an issue.
On October 20, GMO found malware planted by a third party on some servers.
At 4 a.m. on October 21, servers across all plans began shutting down one by one.
As many as 26,739 servers may have been affected. But the shutdown came too late: users’ brokerage login details were stored on those servers. Once hackers got hold of them, they logged into other people’s accounts and placed trades at will.
You leave your trading bot running and go to sleep. When you wake up, it’s still placing trades—but the person placing them is no longer you.
Japanese IT giant GMO Internet offers a cloud server service called “お名前.com デスクトップクラウド.” Many people rent its Windows servers to keep MT4 and MT5 running around the clock for automated forex trading.
On October 19, a customer reported an issue.
On October 20, GMO found malware planted by a third party on some servers.
At 4 a.m. on October 21, servers across all plans began shutting down one by one.
As many as 26,739 servers may have been affected. But the shutdown came too late: users’ brokerage login details were stored on those servers. Once hackers got hold of them, they logged into other people’s accounts and placed trades at will.
On October 19, a customer reported an issue.
On October 20, GMO found malware planted by a third party on some servers.
At 4 a.m. on October 21, servers across all plans began shutting down one by one.
As many as 26,739 servers may have been affected. But the shutdown came too late: users’ brokerage login details were stored on those servers. Once hackers got hold of them, they logged into other people’s accounts and placed trades at will.
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With this GMO incident, what the crypto world should be watching isn’t “crypto gets blamed again,” but how much the attackers actually demanded. Right now, three figures are being thrown around on X.
An X news roundup says $50 million in cryptocurrency; several Japanese posts on X say $1 million (about 160 million yen), with a deadline of noon on the 27th; and YouTube headlines say 7.9 billion yen, with the same headline copied verbatim by a bunch of accounts. The figures differ by a factor of 50, and nobody has posted the original source.
Here’s what can be confirmed: Onamae.com Desktop Cloud, a cloud server many people use to run automated FX trading, was compromised. The incident affected 26,739 machines, credentials were stolen, and more than 70 brokerage accounts were used to place unauthorized trades. One person lost 2.4 million yen in 84 seconds. GMO shut down the servers on October 21, refused to pay, reported the incident to police, and will compensate individuals confirmed to have suffered losses. On Monday evening, Japan’s prime minister held an emergency meeting with the finance and defense ministers; a response is due next week. The CEO himself admitted that earlier security warnings hadn’t been taken seriously.
I support refusing to pay; if they pay, the attackers will just come back for more. But failing to fix things after being warned, then letting it escalate to the point where the prime minister has to step in—that’s what’s truly outrageous. As for who’s behind it, only clickbait headlines are making claims so far; there’s been no official attribution, so don’t spread them.
If you’re running bots on a third-party cloud with your API keys sitting there, think about those 84 seconds.
#GMO #Cybersecurity
With this GMO incident, what the crypto world should be watching isn’t “crypto gets blamed again,” but how much the attackers actually demanded. Right now, three figures are being thrown around on X.
An X news roundup says $50 million in cryptocurrency; several Japanese posts on X say $1 million (about 160 million yen), with a deadline of noon on the 27th; and YouTube headlines say 7.9 billion yen, with the same headline copied verbatim by a bunch of accounts. The figures differ by a factor of 50, and nobody has posted the original source.
Here’s what can be confirmed: Onamae.com Desktop Cloud, a cloud server many people use to run automated FX trading, was compromised. The incident affected 26,739 machines, credentials were stolen, and more than 70 brokerage accounts were used to place unauthorized trades. One person lost 2.4 million yen in 84 seconds. GMO shut down the servers on October 21, refused to pay, reported the incident to police, and will compensate individuals confirmed to have suffered losses. On Monday evening, Japan’s prime minister held an emergency meeting with the finance and defense ministers; a response is due next week. The CEO himself admitted that earlier security warnings hadn’t been taken seriously.
I support refusing to pay; if they pay, the attackers will just come back for more. But failing to fix things after being warned, then letting it escalate to the point where the prime minister has to step in—that’s what’s truly outrageous. As for who’s behind it, only clickbait headlines are making claims so far; there’s been no official attribution, so don’t spread them.
If you’re running bots on a third-party cloud with your API keys sitting there, think about those 84 seconds.
#GMO #Cybersecurity
An X news roundup says $50 million in cryptocurrency; several Japanese posts on X say $1 million (about 160 million yen), with a deadline of noon on the 27th; and YouTube headlines say 7.9 billion yen, with the same headline copied verbatim by a bunch of accounts. The figures differ by a factor of 50, and nobody has posted the original source.
Here’s what can be confirmed: Onamae.com Desktop Cloud, a cloud server many people use to run automated FX trading, was compromised. The incident affected 26,739 machines, credentials were stolen, and more than 70 brokerage accounts were used to place unauthorized trades. One person lost 2.4 million yen in 84 seconds. GMO shut down the servers on October 21, refused to pay, reported the incident to police, and will compensate individuals confirmed to have suffered losses. On Monday evening, Japan’s prime minister held an emergency meeting with the finance and defense ministers; a response is due next week. The CEO himself admitted that earlier security warnings hadn’t been taken seriously.
I support refusing to pay; if they pay, the attackers will just come back for more. But failing to fix things after being warned, then letting it escalate to the point where the prime minister has to step in—that’s what’s truly outrageous. As for who’s behind it, only clickbait headlines are making claims so far; there’s been no official attribution, so don’t spread them.
If you’re running bots on a third-party cloud with your API keys sitting there, think about those 84 seconds.
#GMO #Cybersecurity
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【Market Update】Japan’s GMO refuses to pay hackers’ $50 million ransom—not a cent.
Its Onamae.com desktop cloud service was breached, potentially affecting up to 26,739 servers. The ransom note demanded payment in BTC or ETH and threatened to place fake orders in customer accounts at more than 70 securities and forex firms. GMO says it has reported the incident to the police and will fully compensate verified losses from fraud. Is refusing to pay a show of strength or a risky move? Share your thoughts in the comments.
$BTC $ETH $GMO
#网络安全 #黑客勒索 #GMO
（Source: Cryptopolitan）
⚠️Risk Disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
【Market Update】Japan’s GMO refuses to pay hackers’ $50 million ransom—not a cent.
Its Onamae.com desktop cloud service was breached, potentially affecting up to 26,739 servers. The ransom note demanded payment in BTC or ETH and threatened to place fake orders in customer accounts at more than 70 securities and forex firms. GMO says it has reported the incident to the police and will fully compensate verified losses from fraud. Is refusing to pay a show of strength or a risky move? Share your thoughts in the comments.
$BTC $ETH $GMO
#网络安全 #黑客勒索 #GMO
（Source: Cryptopolitan）
⚠️Risk Disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
Its Onamae.com desktop cloud service was breached, potentially affecting up to 26,739 servers. The ransom note demanded payment in BTC or ETH and threatened to place fake orders in customer accounts at more than 70 securities and forex firms. GMO says it has reported the incident to the police and will fully compensate verified losses from fraud. Is refusing to pay a show of strength or a risky move? Share your thoughts in the comments.
$BTC $ETH $GMO
#网络安全 #黑客勒索 #GMO
（Source: Cryptopolitan）
⚠️Risk Disclaimer: The above is shared for market information purposes only and does not constitute investment advice. Investing involves risks; please exercise caution.
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Legendary investor again bearish on Bitcoin? Grantham: Crypto will “dissolve with a sigh” 📉
GMO founder Jeremy Grantham hit the air again on CNBC on 6/26 to blast Bitcoin, calling it “worthless,” having no dividends and not being money. He predicts that cryptocurrencies will “dissolve with a sigh” rather than crash within the next few decades. He compares it to gold, saying that’s the real safe-haven tool.🥇
But doesn’t this sound familiar? Grantham has been calling BTC “destined for zero” for years—so what happened? Bitcoin didn’t disappear; it even survived several 50%+ pullbacks. Even the CNBC host on site couldn’t help asking him back 😅
Current update: BTC is now around $59,860, down over 30% year-to-date. It has broken below the 20-month moving average (~$80K) and the 50-month moving average (~$65.6K), so near-term pressure is significant. But the 100-month moving average (~$40.3K) is still underneath, providing support. Over the past 10 days, ETF outflows have totaled about $29.7 billion—market liquidity is indeed relatively chilly.
Celebrity bearishness doesn’t mean Bitcoin is finished, but the short-term price action definitely needs watching. What do you think? 💬
#BTC #Bitcoin #GMO #Crypto
Legendary investor again bearish on Bitcoin? Grantham: Crypto will “dissolve with a sigh” 📉
GMO founder Jeremy Grantham hit the air again on CNBC on 6/26 to blast Bitcoin, calling it “worthless,” having no dividends and not being money. He predicts that cryptocurrencies will “dissolve with a sigh” rather than crash within the next few decades. He compares it to gold, saying that’s the real safe-haven tool.🥇
But doesn’t this sound familiar? Grantham has been calling BTC “destined for zero” for years—so what happened? Bitcoin didn’t disappear; it even survived several 50%+ pullbacks. Even the CNBC host on site couldn’t help asking him back 😅
Current update: BTC is now around $59,860, down over 30% year-to-date. It has broken below the 20-month moving average (~$80K) and the 50-month moving average (~$65.6K), so near-term pressure is significant. But the 100-month moving average (~$40.3K) is still underneath, providing support. Over the past 10 days, ETF outflows have totaled about $29.7 billion—market liquidity is indeed relatively chilly.
Celebrity bearishness doesn’t mean Bitcoin is finished, but the short-term price action definitely needs watching. What do you think? 💬
#BTC #Bitcoin #GMO #Crypto
GMO founder Jeremy Grantham hit the air again on CNBC on 6/26 to blast Bitcoin, calling it “worthless,” having no dividends and not being money. He predicts that cryptocurrencies will “dissolve with a sigh” rather than crash within the next few decades. He compares it to gold, saying that’s the real safe-haven tool.🥇
But doesn’t this sound familiar? Grantham has been calling BTC “destined for zero” for years—so what happened? Bitcoin didn’t disappear; it even survived several 50%+ pullbacks. Even the CNBC host on site couldn’t help asking him back 😅
Current update: BTC is now around $59,860, down over 30% year-to-date. It has broken below the 20-month moving average (~$80K) and the 50-month moving average (~$65.6K), so near-term pressure is significant. But the 100-month moving average (~$40.3K) is still underneath, providing support. Over the past 10 days, ETF outflows have totaled about $29.7 billion—market liquidity is indeed relatively chilly.
Celebrity bearishness doesn’t mean Bitcoin is finished, but the short-term price action definitely needs watching. What do you think? 💬
#BTC #Bitcoin #GMO #Crypto
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