Yet Another Massive Bitcoin Hack, $60M Stolen From NiceHash Mining ‎Pool ‎


Not long after several cryptocurrency exchanges reported various security breaches, a ‎hacker has targeted the mining pool service NiceHash and managed to steal ‎around $60 million worth of Bitcoin as a result.‎

As of right now, it is still unclear what exactly happened to the affected mining ‎pools, but the platform that specializes in cloud mining, hash rental services, ‎and multipool mining may have suffered an exploit that can be used ‎to lift cryptocurrency from mining pools. ‎

At least one hacker has already taken advantage of the security flaw, ‎and NiceHash has suspended all operations for the next 24 hours.‎

The company said it is currently investigating the nature of the incident to but ‎still unable to know exactly how the hackers managed to gain access to its ‎infrastructure to reroute users’ mining power to their own pool. However, it ‎confirmed that its payment system was compromised and the contents of the ‎NiceHash Bitcoin wallet have been stolen. ‎

Users originally complained about the service outage on internet forums a few ‎hours ago, but NiceHash didn’t report on the attack and only showed a ‎mysterious maintenance notification for the entire day. ‎

Founded in 2014, Nicehash has recently grown to be one of the biggest mining ‎hashrate marketplaces in the world. The company allows miners, traders, and ‎investors buy and sell hashing power on demand. ‎

Nicehash’s official statement further reads:

Clearly, this is a matter of deep concern and we are working hard to rectify the ‎matter in the coming days. In addition to undertaking our own investigation, the ‎incident has been reported to the relevant authorities and law enforcement and ‎we are co-operating with them as a matter of urgency.‎

We are fully committed to restoring the NiceHash service with the highest ‎security measures at the earliest opportunity.‎

We would not exist without our devoted buyers and miners all around the ‎globe. We understand that you will have a lot of questions, and we ask for ‎patience and understanding while we investigate the causes and find the ‎appropriate solutions for the future of the service. We will endeavour 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.‎

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.

First Appear on: Financemagnates


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