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.
Lithuania's Central Bank Probes 100 Million Euro ICO
Lithuania's central bank announced last week that it is probing a domestic initial coin offering (ICO) after determining that the token offered counts as a security.
In a Feb. 15 statement, the Lie
Record Retest? ETC Looks Poised on Double-Digit Climb
ETC, the native currency of the ethereum classic blockchain, looks set to re-test record highs, having now formed a base above $30.
As of writing, ETC is changing hands at $37.90, as per data sourc
$850 Million Raised in ICO So Far, Says Telegram
Messaging app provider Telegram says it has raised $850 million in the first part of its controversial initial coin offering (ICO), public records show.
If confirmed, the raise is by far the larges
Bottom Confirmed? Bitcoin at 20-Day High Near $11K
The bitcoin price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long-term bull revival is still not certain, according to the price charts
Over the weekend, C
Australian Watchdog Received 1,200 Crypto Scam Complaints in 2017
Australia's consumer watchdog has reportedly received over 1,200 complaints about cryptocurrency scams in 2017.
According to the ABC's current affairs program 7.30, data obtained from the Australia
Bitcoin Prices at 20-day High as Bottom Confirmed
Bitcoin price has rallied 84 percent from recent lows, suggesting a bottom is in place, although a long-term bull revival is still not certain, according to the price charts
Over the weekend, CoinD
Bitcoin broke through $11,000 for the first time since January
Bitcoin broke through the $11,000 mark over the weekend for the first time since the end of January as its price continues to slowly rise following a violent sell-off at the start of the month.
Bitcoin Bonus? See What China’s Tech Giants Reward Their Employees
In China, year-end bonuses are usually rewarded to employees before Chinese Lunar New Year (Spring Festival). The long-waited annual largess from tech companies and annual showoff from their employees