Undisclosed amount of bitcoin stolen in NiceHash breach

Undisclosed amount of bitcoin stolen in NiceHash breach

However, CoinDesk reported that as many as 4,736.42 bitcoin, worth more than $62 million at the time, was stolen and transferred to one account.

The site had been down for hours for what NiceHash initially said was maintenance.

Founded in 2014, NiceHash operates as a marketplace that matches those with spare computing power with those looking to mine cryptocurrencies including bitcoin. From the statement, it would seem that the entire contents of the said wallet have been emptied by the hackers, who reportedly found a vulnerability in the payment system of the site. This way, users can benefit from bitcoin mining without purchasing or operating the equipment themselves.

The hack appears to have affected the money stored locally, on the NiceHash network. Users mention that their wallets have been emptied and the bitcoins are now in a wallet that received 4736 bitcoins on Wednesday, currently, that entails a total value of 51 million euros, roughly 56 million Dollars.

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Unfortunately, there has been a security breach involving NiceHash website. The company said Thursday, Dec. 7, 2017 in a statement posted on its website that it had stopped operations and was working to verify how many bitcoins were taken.

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".

TOKYO (AP) - The Slovenian-based bitcoin miner NiceHash says it is investigating a security breach and the possible theft of tens of millions of dollars' worth of bitcoins, as meanwhile the value of the virtual currency has soared to a new record high.

The company is recommending that its users change their passwords - both on NiceHash and other services - following the breach. 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. We'll keep you updated!

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