Nicehash Hacked: $62 Million In Bitcoin Stolen

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

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

"The contents of the NiceHash Bitcoin wallet have been stolen". It also allows NiceHash users to purchase computer processing power from other users. This way, users can benefit from bitcoin mining without purchasing or operating the equipment themselves.

Users can send earned currency in an external wallet, or they can store it in local "secure and insured BitGo Bitcoin deposit wallets" (as described on the NiceHash homepage). Several reports from users noted that their Bitcoin wallets associated with NiceHash had been emptied.

Though the team didn't disclose an exact amount, a wallet address circulated by NiceHash users suggest that as many as 4,736.42 BTC - an amount worth more than $62 million at current prices - has been stolen. The company is now investigating the precise amount stolen, though estimates around the web put it north of $66 million United States dollars worth of the popular cryptocurrency (at time of writing 1 BTC = ~$13970.50).

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". NiceHash says it will relaunch itself with improved security "at the earliest opportunity".

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

We would not exist without our devoted buyers and miners all around the globe. We will endeavor to update you at regular intervals.

"While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords", they wrote in the statement.

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.

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