Hackers steal more than $62 million in Bitcoin

Bitcoin price analysis

A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

"Either I got hacked or something is up", Callesen wrote. The announcement came 12 hours after NiceHash suddenly informed users that they were undergoing maintenance. 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. It was not clear whether the company or its customers would end up losing the stolen bitcoin if they are not recovered. The company confirmed the hack today, but did not release totals. The post said the company's payment system was compromised, and that it's working with authorities on top of conducting its own investigation. CoinDesk revealed that the NiceHash wallet contained 4,736 BTC - about $60 million.

Update: NiceHash has officially announced they were indeed hacked, with all of the BTC in their wallet gone.

The wallet now has a balance of 4,736.42 bitcoin, worth $64,080,393.

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"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 statement.

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

NiceHash has asked all customers to change their wallet passwords as a precaution but Tyler Moffitt, Senior Threat Research Analyst at Webroot, believes that people who use NiceHash's services for mining cryptocurrency should always have payouts trigger at the smallest amount and that the firm should do more to secure the security around customer wallets. NiceHash says it will relaunch itself with improved security "at the earliest opportunity".

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