Published: Thu, December 07, 2017
Business | By Max Garcia

Bitcoin Mining Marketplace NiceHash Hacked: $62 Million Stolen?

Bitcoin Mining Marketplace NiceHash Hacked: $62 Million Stolen?

The announcement came a day after the marketplace first asked NiceHash users to be patient while the service undergoes maintenance, and then, a few hours later, said again that the maintenance would take longer than expected. 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 said it was still working to figure out exactly how many bitcoins were taken.

NiceHash is a cryptocurrency mining application that matches those with spare computing to power to miners wanting to create new coins.

NiceHash, touted as the one of the world's largest cryptocurrency mining marketplaces, said hackers had compromised its payment system and emptied its entire virtual Bitcoin wallet.

Many users are bemoaning the fact that they lost money while waiting to reach the minimum payout: 0.01 BTC for external wallets and 0.001 BTC for NiceHash wallet. Coindesk reports that users are circulating a wallet from the company that contains 4,736.42 BTC, worth more than $60 million based on today's price.

"The incident has been reported to the relevant authorities and law enforcement and we are cooperating with them as a matter of urgency", it said.

"We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity", the trading platform added. NiceHash says the "full scope" of the incident is unknown.

We would not exist without our devoted buyers and miners all around the globe. The amounts mined are held in trust by NiceHash with the company naturally taking its own cut of the transaction with users then being able to transfer bitcoin or other cryptocurrencies earned via the service to their own wallets.

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.

ZDNet has contacted NiceHash and will update if we hear back.

Like this: