Bitcoin exchange NiceHash loses millions to hackers

Bitcoin Mining platform Nicehash Hacked - 56 Million USD In BTC reportedly gone

$62 Million Gone? Cryptocurrency Mining Market NiceHash Hacked

NiceHash previously announced that it was "under maintenance", a message that it had posted to its official website as well.

The company says it's still investigating the nature of the incident, and doesn't yet know the full scope of the attack it suffered at the hands of hackers.

In a warning for those who wish to invest in Bitcoins to make some big bucks, the cryptocurrency mining market NiceHash has revealed hackers wiped out its entire Bitcoin wallet, resulting in over $60 million loss. However, a BTC address shared by a NiceHash user on Reddit suggests that a sum of 4,736 BTC ($67m, £50m at current rates) was stolen, CoinDesk reported. "We are now investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours", the marketplace said in a statement late on Wednesday.

According to the announcement, the breach affected the company's own bitcoin wallet, which holds earnings until they are paid to suppliers. While not providing much in the way of details, the company did say in a statement that there had been "a security breach involving NiceHash website" and that they "are now investigating the nature of the incident and, as a result... are stopping all operations for the next 24 hours".

The site's payment system was compromised and the contents of its bitcoin account have been stolen, it said.

Stipe Miocic vs. Francis Ngannou Set For UFC 220 on January 20
All three victories have come by way of stoppage - two as knockouts and the Dos Santos win via TKO. The person spoke on the condition of anonymity because the UFC had yet to make its plans public.

The statement said, "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days".

NiceHash users typically mine altcoins in exchange for their value in Bitcoin. We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity.

In the meantime, they advised users to change all of their online passwords, as it is presently unclear what data the hackers were able to obtain in addition to the stolen funds. Your press release said nothing about sending us what you owe.

We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible.

Latest News