Home / Business / NiceHash cut into pieces by hackers, thousands of Bitcoin stolen • The Register

NiceHash cut into pieces by hackers, thousands of Bitcoin stolen • The Register

Cryptocoin mining market NiceHash says it has been the victim of a hacking attack that may have caused the loss of its entire Bitcoin portfolio.

The market, where users can buy and sell their computer cycles to the cryptocurrency, issued a statement on Wednesday afternoon confirming that it had actually been a victim of hackers. A previous request for company information by Reg has not been answered, after reader Lee Reeve alerted us to NiceHash's problems.

"Unfortunately, there has been a security breach involving the NiceHash website, we are currently investigating the nature of the incident and, as a result, we are suspending all operations for the next 24 hours. Our payment system was compromised and the contents of the NiceHash Bitcoin wallet were stolen, we are working to verify the accuracy of BTC number taken, "said the market.

"Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days." In addition to carrying out our own investigation, the incident has been reported to the relevant authorities and to the application of the law and we are cooperating with them urgently. "

Admission occurs a few hours after NiceHash first said that his site was inactive for maintenance, a later than ] his team was "working hard to solve the problems". The NiceHash website still shows a maintenance page.

While NiceHash did not put a number or a dollar account in the lost cryptocurrency, the estimates are that the loss is around $ 60 million. NiceHash says it will be relaunched with improved security "at the first opportunity".

Site administrators also recommend users to change the shared passwords they used in NiceHash.

The incident brings to memory the fateful implosion of the 2014 mtGox Bitcoin Market. That gap, which was later discovered to have been going on for years before the market collapsed, caused losses of hundreds of millions of dollars.

With around $ 60 million believed lost, the NiceHash breach would not be in the same league as mtGox, but that will be of little help to customers who have now suddenly been released from their cryptocurrencies, probably forever. ®

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