Sunday, 24 June, 2018


£52m in Bitcoin stolen after 'sophisticated' hack at mining website

£52m in Bitcoin stolen after 'sophisticated' hack at mining website £52m in Bitcoin stolen after 'sophisticated' hack at mining website
Melba Vasquez | 07 December, 2017, 22:04

The nearly 75 million dollar heist has now halted NiceHash operations for at least 24 hours.

NiceHash, a crypto-mining marketplace, has had their security compromised over the night of December 5th after undergoing maintenance and a total of 4736.42 BTC removed from their bitcoin wallet by the next morning.

Most of NiceHash's users mine so-called altcoins - cryptocurrencies other than bitcoin - in exchange for their value in bitcoin. "In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement, and we are cooperating with them as a matter of urgency". Others said their balances on the website went down to zero.

RT America looked into some of the users that claimed to have been affected by the hack and confirmed their money had been transferred to the mysterious bitcoin wallet address. Futures for bitcoin will start trading on the Chicago Board Options Exchange on Sunday evening and on the Chicago Mercantile Exchange a week later. At the start of the year, one bitcoin was worth less than $1,000.

A debate is raging on the merits of such currencies. It later facilitates periodic payments to the service providers with bitcoin.

Miners of bitcoins and other virtual currencies help keep the systems honest by having their computers keep a global running tally of transactions. Around US$162 million in the cryptocurrency ether has been frozen after a novice hacker deleted a code library needed to access funds being stored in some Parity digital wallets.

The marketplace is among the largest in the world and has raised serious alarms for security threats for online companies. Mt. Gox shut down in February 2014, saying it lost about 850,000 bitcoins, possibly to hackers.

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