Hackers swipe over $64mn in Bitcoin from cryptocurrency marketplace NiceHash

Doris Richards
December 7, 2017

NiceHash didn't say how much bitcoin was stolen from its wallet or how much of what was stolen belonged to its customers. It lets customers people offer up their extra computer processing power for the high-energy calculations typically used to create - or mine - new bitcoin or other cybercurrencies.

The swings in price occurred just as the trading community prepares for bitcoin to start trading on two established USA exchanges. "We are now investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours", the company wrote, in a press statement.

"Either I got hacked or something is up", Callesen wrote.

The marketplace, where users can buy and sell their computing cycles to mine cryptocurrency, issued a statement Wednesday afternoon confirming that it had indeed fallen victim to hackers.

The price of bitcoin swung wildly Thursday, rising to more than $19,000 only to fall sharply within minutes, as the frenzy surrounding the virtual currency escalated just days before it starts trading on a major US exchange.

The bitcoin address from the thief has been identified and can be found on the Reddit thread for NiceHash's official press release. That prevents cheaters from spending the same digital coin twice.

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

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

The wallet now has a balance of 4,736.42 bitcoin, worth $64,080,393. NiceHash says it will relaunch itself with improved security "at the earliest opportunity".

NiceHash has advised users to change their passwords as a precaution.

Other reports by Iphone Fresh

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