Nicehash Hacked: $62 Million In Bitcoin Stolen

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

$62 Million Gone? Cryptocurrency Mining Market NiceHash Hacked

We are working to verify the precise number of bitcoin taken'.

A wallet address circulated by NiceHash users shows that more than US$60m of bitcoins might be affected, according to CoinDesk, the cryptocurrency research and news website.

Founded in 2014, NiceHash allows users to buy and sell hashpower through its online marketplace.

That's what appears to have done in NiceHash, a Slovenia-based Bitcoin exchange that claims its cryptocurrency wallet has been cleared out of $64 million worth of BTC.

The announcement follows an hours-long outage and reports from a multitude of users that their NiceHash-associated wallets had been emptied. However, as this incident demonstrates, cloud mining services subject users to additional risks versus operating one's own hardware. The speculation fuelled by the fact that the majority owner of NiceHash is a company named H-Bit, owned by Martin Skorjanc, the father of Matjaz Skorjanc, convicted author of the Mariposa bot. NiceHash previously announced that it was "under maintenance", a message that it had posted to its official website as well.

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NiceHash, which describes itself as the largest marketplace for mining digital currencies, said Wednesday that it was suspending its operations for at least 24 hours because of a security breach.

"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.

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.

"We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity", the trading platform added. We will endeavour to update you at regular intervals.

"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 statement added.

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