Hackers may have gotten away with $60 million worth of bitcoin after a cyber attack hit the cryptocurrency mining platform NiceHash. Users highlighted the cyber breach on Reddit and Twitter Wednesday, with some saying they could lose hundreds of dollars.
NiceHash lets people offer computing capacity for bitcoin miners to mine digital currencies. Cryptocurrency miners work out complex mathematical equations to add cryptocurrency transactions to decentralized public ledgers called blockchains.
The mining marketplace initially said its service was undergoing "maintenance"on Twitter, later adding it was "working hard" to resolve issues affecting the site.
NiceHash said in a statement it was "investigating the nature of the incident," and that it would close down its site for a day.
"We are working to verify the precise number of BTC (bitcoin) taken," the company said. "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement and we are co-operating with them as a matter of urgency."
While NiceHash was unable to specify how much bitcoin had been stolen, users have pointed to a bitcoin wallet which holds 4,736.42 bitcoins â equivalent to $68 million.
Andrej P. Å kraba, head of marketing at the firm, confirmed to news agency Reuters that around 4,700 bitcoins â worth roughly $68 million at current prices â were lost in the hack.
CNBC reached out to NiceHash Chief Executive Marko Kobal for comment but he was not available at the time of publication.
This wouldn't be the first time people have lost millions in cryptocurrency. In November, millions of dollars worth of Ethereum were "accidentally" frozen on the cryptocurrency wallet provider Parity after a user "suicided" the wallet, deleting its code and freezing all ether tokens contained within.
Could Crypto Exchanges KYC Prevent Money Laundering In Bitcoin?
China’s regulators recently warned that cryptocurrency is a potential threat in anti-money laundering as bitcoin could easily bypass the country’s capital controls and achieve cross-border capital
BMO, Pension Plan Pilot Blockchain for Fixed Income Issuance
Canadian financial firm BMO Capital Markets is working with the Ontario Teachers' Pension Plan on a new blockchain pilot.
The trial sees the two firms register a fixed income issuance on a blockcha
South Korea Budgets $880 Million for Tech Including Blockchain
The South Korean government will invest over $880 million next year in order to boost the development of innovative technologies including blockchain.
According to a government release on Tuesday,
Pantera Capital Has Raised $71 Million So Far for Third Crypto Fund
Blockchain investment company Pantera Capital has launched its third crypto fund with over $71 million already committed, according to public documents.
A filing submitted by the company to the U.S
Airbnb Co-Founder Backs $22 Million Funding for Crypto Dealer SFOX
A cryptocurrency dealer setting out to provide trading services for institutional investors has closed a Series A funding round of $22.7 million.
Called SFOX, the platform announced on Thursday tha
Ripple Endorses 'Preferred' Crypto Exchanges for XRP Payments
Distributed ledger startup Ripple has endorsed three cryptocurrency exchanges as its "preferred partners" for transacting with its xRapid payments service, which uses the cryptocurrency XRP.
US Senate to Examine Energy Efficiency of Blockchain
The U.S. Senate is set to take another look at blockchain technology next week.
The Committee on Energy and Natural Resources will host a hearing on "Energy Efficiency of Blockchain and Similar Tec
Soccer Body UEFA Scores 'Successful' Blockchain Ticketing Trial
The Union of European Football Associations, or UEFA as it's more commonly known, has just announced the completion of a "successful" trial of a mobile ticketing app built with blockchain.