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vegassports-odds.com February 23, 2018


Millions potentially lost after a bitcoin mining marketplace was hacked

07 December 2017, 01:36 | Marlene Myers

$62 Million Gone? Cryptocurrency Mining Market NiceHash Hacked

Bitcoin Mining platform Nicehash Hacked - 56 Million USD In BTC reportedly gone

Unconfirmed reports said more than 4,000 bitcoins were missing valued at more than $60 million.

Cryptocurrency marketplace NiceHash said the contents of its bitcoin wallet had been stolen in a security breach and one executive said almost $64 million had been lost.

It seems that whoever is behind this heist has gained Bitcoin worth now a little less than $70 million.

In a statement published on social media, NiceHash, a crypto-mining marketplace, said hackers breached its site and stole all the Bitcoin from its main wallet.

We are now investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.

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There was no immediate response from NiceHash to an emailed request for more details.

NiceHash advised users to change online passwords, saying it was still trying to understand what had happened during the incident. "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", it said. Futures for bitcoin will start trading on the Chicago Board Options Exchange on Sunday evening and on crosstown rival CME Group's platforms later in the month.

As the price of Bitcoin continues to rocket, surging past the $14,500 mark at the time of writing, cyberattackers have once again begun hunting for a fresh target to cash in on in this lucrative industry. That compares with a value below 30,000 baht at the beginning of the year. Such currencies are not tied to a bank or government and allow users to spend money anonymously. Others say they can be helpful methods of payment, such as in crisis situations where national currencies have collapsed.

A digital currency marketplace, NiceHash matches people looking to sell processing time on their computers in exchange for the digital currency bitcoin. That prevents cheaters from spending the same digital coin twice. Besides the fact that blockchain technology behind Bitcoin and other cryptocurrencies is secure and trustworthy, the startups in the industry are still struggling to secure their websites from hackers.



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