Cryptocurrency Miner NiceHash Hacked - $62 Million in Bitcoins Gone

Marco Green
December 7, 2017

CoinDesk reported that the NiceHash wallet contained 4,736 BTC - about $60 million.

NiceHash is a service that allows users to register and rent or buy cryptocurrency mining/hashing power.

"...our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen". This way, users can benefit from bitcoin mining without purchasing or operating the equipment themselves.

RT America looked into some of the users that claimed to have been affected by the hack and confirmed their money had been transferred to the mysterious bitcoin wallet address. Users mention that their wallets have been emptied and the bitcoins are now in a wallet that received 4736 bitcoins on Wednesday, currently, that entails a total value of 51 million euros, roughly 56 million United States dollars.

While the NiceHash operators seem honest with their statement, those words ring hollow for users that lost their accumulated BTC.

Posting on social media, NiceHash said that "there has been a security breach involving NiceHash website" resulting in a loss of funds.

Earlier, Slovenia-based NiceHash said in a statement posted on its website that it had halted operations for 24 hours as it investigated the breach. "We are working to verify the precise number of BTC taken", the company said in a statement on Wednesday (6 December).

The company stated that, in addition to an internal investigation, they had contacted the "relevant authorities and law enforcement" and that they are working to "rectify the matter in the coming days".

After a 12-hour service outage for 'maintenance, ' Nicehash just announced that last night it fell victim to a security breach.

NiceHash advised users to change online passwords, saying it was still trying to understand what had happened during the incident.

"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", the firm concluded. Your press release said nothing about sending us what you owe.

Other reports by Click Lancashire

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