Bitcoin mining NiceHash

Bitcoin mining NiceHash Hacked for $70 million

Bitcoin mining NiceHash Hacking

According to the Wall Street Journal, hackers have stolen more than $70 million worth of bitcoin from NiceHash. NiceHash is a Slovenia-based mining marketplace, founded in 2014. Hackers allegedly stole 4,736 bitcoins from a NiceHash digital wallet. The company has not provided details of the hack, but is investigating the incident. Bitcoin mining NiceHash is facing a hit due to hacking of its currency.

NiceHash is a cloud-based crypto-mining marketplace that connects people from all over the world to rent out their spare computing power to other in order to create new coins. And it was all known fact that Bitcoin is growing more and more.

Who are behind the scam?

The company has not provided details of the hack, but is investigating the incident.

NiceHash has paused its operations for next 24 hours while it figures out the whole matter.

 

What did the authorities of Bitcoin mining NiceHash say?

“The incident has been reported to the relevant authorities and law enforcement, and we are cooperating with them as a matter of urgency,” NiceHash said.

In a Facebook post, the company said the hack was “a matter of deep concern.” “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,” Bitcoin mining NiceHash said.

 

Now What afterwards the Scam?

Mr Kobal address on Facebook Live about the hack.

“We have not abandoned you guys,” he said.

“a matter of deep concern.” “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,” NiceHash said.

The company also assure its customers saying that it is “fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity,”. It’s still unclear how the company will manage to settle everything if it is unable to compensate the total loss. As NiceHash has not cleared anything on this issue.

“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 endeavor to update you at regular intervals,” the company says.

Note:  NiceHash is recommending its customers to change their passwords—both on NiceHash and other services like this.

The latest hack does not seem to have had a major impact on bitcoin’s price, which continues to set new highs. At 17:17 UTC, bitcoin was trading at $15,465, an increase of 12.80% in the last 24 hours. Earlier, it set a new bitcoin price record at $16,599.13. And the value of currency is still arising.

Though hackers have stolen such a huge amount from Bitcoin mining NiceHash. There seems no impact on value of Bitcoin which is still growing.

 

 

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