Millions potentially lost after a bitcoin mining marketplace was hacked

Millions potentially lost after a bitcoin mining marketplace was hacked

Nicehash says it's working with authorities, but past Bitcoin thefts haven't generally ended well (RIP, MtGox and various other sites).

NiceHash is a cryptocurrency mining application that lends computer power to verify bitcoin users' transactions.

Hackers may have gotten away with $60 million worth of bitcoin after a cyber attack hit the cryptocurrency mining platform NiceHash. However, as this incident demonstrates, cloud mining services subject users to additional risks versus operating one's own hardware.

Many users are bemoaning the fact that they lost money while waiting to reach the minimum payout: 0.01 BTC for external wallets and 0.001 BTC for NiceHash wallet. The venture's main webpage showed a "maintenance" error message, linking to its social media accounts.

Although NiceHash has not confirmed the number of bitcoins stolen, NiceHash users have circulated a wallet address that suggests that 4,736.42 BTC - worth more than $62 million at the current exchange rate - was drained from the company's hot wallet. The company said it was halting operations for 24 hours and was now investigating the incident. We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity. 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.

Same Sex Marriage Has Passed The Final Vote!
Dutton said none of his allies meant to delay gay marriage until those safeguards were decided. Nearly 80 percent of Australia's registered voters took part in the two-month survey.

We would not exist without our devoted buyers and miners all around the globe.

"While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords", NiceHash warned users. 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 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 company added.

ZDNet has contacted NiceHash and will update if we hear back.

Related Articles

  • The new approach of North Atlantic Treaty Organisation  to Russian Federation  showed the efficiency Stoltenberg

    The new approach of North Atlantic Treaty Organisation to Russian Federation showed the efficiency Stoltenberg

    South Ossetia and Abkhazia are Russian-backed separatist regions that have declared independence from Georgia. In other words, NATO's support to Georgia is concrete, and is making a real difference.
    West Ham fullback Pablo Zabaleta grateful to Man City fans for reception

    West Ham fullback Pablo Zabaleta grateful to Man City fans for reception

    Guardiola expects an aerial bombardment from United after seeing his side concede another goal from a set-piece. They played 10 players inside the box, it was nearly impossible.
    Research Analysis of Time Warner Inc. (NYSE:TWX)

    Research Analysis of Time Warner Inc. (NYSE:TWX)

    Rex Advsrs Ltd stated it has 11,116 shares. 24,599 are held by Quantitative Systematic Strategies Ltd Limited Liability Company. After $0.66 actual EPS reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 10.61% EPS growth.
  • Record Da Vinci painting to be exhibited at Louvre Abu Dhabi

    Record Da Vinci painting to be exhibited at Louvre Abu Dhabi

    Buyers from the Middle East and Asia have been snapping up masterpieces to fill regional museums - and pushing prices ever higher. A spokeswoman for Christie's said it did not comment on the identities of any buyer or seller without their permission.

    Valuation Review: Pennsylvania Real Estate Investment (PEI) and Idera Pharmaceutical (IDRA)

    Barclays Capital has "Underweight" rating and $19 target. (NASDAQ:AXDX) on Wednesday, July 12 with "Buy" rating . Strs Ohio holds 28,600 shares or 0% of its portfolio. 1,637 were accumulated by Pinebridge Invs Ltd Partnership.

    Chemical Bank Has $2.28 Million Position in Gilead Sciences, Inc. (GILD)

    Sg Americas Limited holds 0.2% of its portfolio in ONEOK, Inc. (NASDAQ: GILD ) rating on Wednesday, October 5. (NYSE:OKE). Rockland Trust Co increased Pfizer Inc (NYSE:PFE) stake by 39,410 shares to 177,181 valued at $5.95 million in 2017Q2.
  • Google is killing Chrome Apps for desktops, for good

    Google is killing Chrome Apps for desktops, for good

    According to Ars Technica , Google is directing developers towards a different way for desktop: Progressive Web Apps (PWA). The removal of apps from the Chrome Web Store was actually first announced by Google back in August 2016.
    Missing Charlotte woman, daughter found safe

    Missing Charlotte woman, daughter found safe

    Ava was last seen wearing purple trousers , a white shirt with a heart on it, and a fuchsia zip-up jacket. Megan is thought to be driving a silver 2012 Hyundai Santa Fe with a 30-day paper tag on it.

    Analyst Research and Recommendations: Schlumberger Limited (SLB), Black Hills Corporation (BKH)

    Maximum and minimum EPS estimate for the current quarter is projected at $0.49 and $0.43, respectively, according to 33 analysts. Iberiabank Corp increased Ishares Core S&P Midcap Etf (IJH) stake by 5,956 shares to 41,459 valued at $7.21 million in 2017Q2.
  • Stipe Miocic vs. Francis Ngannou set for UFC 220

    Stipe Miocic vs. Francis Ngannou set for UFC 220

    With her unanimous decision win, the new UFC champion makes her top-10 debut at No. 7, while Modafferi falls four spots to eighth. Joshua and Wilder are feared for their incredible power with both men accumulating an impressive knockout record.
    China says Indian drone invaded its airspace, crashed

    China says Indian drone invaded its airspace, crashed

    The first "seemingly abrupt change" occurred on August 28 when China and India suddenly ended their stand-off, he said. China on Thursday claimed that an Indian drone violated country's airspace and crashed, reported global media.
    Ben Stokes, Alex Hales named in England's ODI squad for Australia series

    Ben Stokes, Alex Hales named in England's ODI squad for Australia series

    On the contrary, Hales will not face any charges from the police but can still be penalised by the ECB's disciplinary board. Ben Stokes had few answers for Colin Munro's batting blitz when Canterbury and Auckland clashed at Eden Park Outer Oval.