Tech

NiceHash Website hacked - Bitcoin Wallet Emptied

NiceHash Website hacked - Bitcoin Wallet Emptied

NiceHash didn't say how much bitcoin was stolen from its wallet or how much of what was stolen belonged to its customers.

NiceHash is a digital currency marketplace that matches people looking to sell processing time on their computers in exchange for the digital currency bitcoin. Nicehash offers a server where individuals offer computing capacity to bitcoin miners to mine bitcoins via complicated math equations in order to create blockchains, the basis for cryptocurrency. The announcement came 12 hours after NiceHash suddenly informed users that they were undergoing maintenance.

Callesen added that $56 million had been sent to one bitcoin wallet address.

Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said almost $64 million had been lost.

More news: Dimensional Fund Advisors LP Has $6.58 Million Stake in Nokia Corporation (NOK)

When NiceHash admitted that they were hacked, they did not confirm the amount that had been stolen. We are working to verify the precise number of BTC taken. Despite the widespread notion that the blockchain technology behind bitcoin and other cryptocurrencies is safer and more trustworthy than that underlying other kinds of digital financial transactions, startups in the industry have struggled to secure their sites and software against hackers.

He said the company was co-operating with local authorities but declined to give more information.

"Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days", the announcement said. NiceHash says it will relaunch itself with improved security "at the earliest opportunity".

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


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