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


NiceHash announced the breach in a statement on Wednesday, where they recommended that users change their passwords.

The contents of a digital wallet belonging to cryptocurrency company NiceHash, which included potentially millions of dollars worth of customers' bitcoin, was stolen in a major security breach. The NiceHash website displays that "Service Unavailable". "We are working to verify the precise number of BTC taken", the marketplace said. "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days", NiceHash said on Facebook.

In addition to conducting an internal investigation, NiceHash said that they have reported the incident to "relevant authorities and law enforcement" and are "co-operating with them as a matter of urgency".

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

"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", it said in the statement.

There have been at least three dozen heists of cryptocurrency exchanges since 2011; numerous hacked exchanges later shut down, most notably Mt. Gox, which was the world's largest bitcoin trading exchange when it went under in 2014.

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

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. A bitcoin is essentially a type of virtual currency that uses the technology of a blockchain in order to make payments securely and store money online.

NiceHash told Money that $70 million worth of bitcoin equals around 4,700 coins, adding that this was accomplished through a "professional attack".

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Charlie Nash is a reporter for Breitbart Tech.