NiceHash mining crypto market announced on Wednesday that it suffered a security breach that resulted in a loss of up to $ 62 million in Bitcoin.
The announcement came after hours of speculation caused by the service unavailable for most of Wednesday. Several user reports noted that their Bitcoin purses associated with NiceHash had been emptied.
While NiceHash originally claimed to be "under maintenance" during outages, the company admitted that it had suffered a security breach involving the NiceHash website that resulted in the loss of funds.
"Our payment system was compromised and the contents of the NiceHash Bitcoin wallet were stolen, we are working to verify the exact amount of BTC taken," the company said in a statement, describing the breach as "a matter of profound concern ". The company also apologized to its users for "any inconvenience" the violation may have caused.  While NiceHash still has to put an amount on how much is stolen, a Bitcoin wallet address highlighted by NiceHash users that appeared on Wednesday and has received a large deposit from nowhere contains 4,736.42 BTC, valued at around $ 62 million at current prices. 19659002] The full extent of the breach is still unknown, and it is not clear if the attackers were able to gather user information in addition to stealing Bitcoin. NiceHash has advised its users to change their passwords as a precaution.
Meanwhile, the company is investigating the cause and extent of the violation. He promised to provide regular updates to his users as the information became available. "We would not exist without our devoted buyers and miners all over the world," the company said. "We ask for patience and understanding as we investigate the causes and find the right solutions for the future of the service."
While some NiceHash users have expressed their disappointment online, others have said they will continue to use the platform for mining cryptocurrency purposes, but not to store it. Others were ready to leave the platform altogether, frustrated by the breach and the fact that the company had no safety levers to prevent large withdrawals.
Others still began to theorize about the breach, which might not have been a violation at all, but rather an "internal work" carried out by the NiceHash operators. A user who posted on Reddit, trying himself as a penetration tester with familiarity with security breaches, said that most cryptocurrency services keep most of the funds in cold storage that can not be accessed from remotely.