Economy

Hackers Just Stole $77M Worth Of Bitcoin In A Professional Heist

Hackers Just Stole $77M Worth Of Bitcoin In A Professional Heist

Previously, NiceHash had tweeted about maintenance-related downtime, but hours later it tweeted that the issues were taking longer than expected, possibly after learning that a malicious third party had accessed its system. There's no way of getting it back if that's the case, and if that is indeed the case, there's no way NiceHash can restore money to miners' wallets.

I might be enjoying the handsome Maui for Qualcomm and their Snapdragon Tech Summit in Hawaii, but I woke to news from my good friend and fellow miner Keith May from WCCFTech messaging me this morning that NiceHash had possibly been hacked.

"I think I got jacked and probably a lot of other folks?". It was not clear whether the company or its customers would end up losing the stolen bitcoin if they are not recovered.

Digital currency Bitcoin continued its upwards trajectory, hitting a new record high above $15,000, despite a major hack which saw millions of dollars worth of the digital currency stolen on Thursday. We are working to verify the precise number of BTC taken.

Several users pointed to a Bitcoin wallet address that was opened Tuesday at 9:07pm, which went from a balance of 0.01 bitcoin, valued just over $123, to a balance of 4,655.25 bitcoin, worth $57.7 million, after the user made more than 3,000 transactions around 9:17pm.

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The full extent of the hack is still unclear and the company has not provided any updates since they announced the hack.

"Our payment system was compromised, and the contents of the NiceHash Bitcoin wallet have been stolen".

The trouble started on 6 December when users of NiceHash, a service which enables people to exchange computing resources known as hashing power to mine for Bitcoin and other cryptocurrencies, began reporting that they had been kicked offline while mining.

'Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.

The site added it would refer the breach to the relevant authorities and that it was conducting its own inquiry into the hack.