Monday, March 4, 2024

Largest Crypto-Mining Market Hacked – Hackers may be Stolen $68M

Bitcoin recent rise happened as fast as possible, and it crosses the $14,000 landmark for the first time in history.In the meantime a largest Crypto-Mining Marketplace NiceHash announced that it suffered a security breach.

Source: Coindesk

NiceHash started in 2014, and it serves as the marketplace for miners, it has multiple coins to mine beginning from Litecoin to bitcoin. All you need to do is a signup for an account and add the mining pool.

On Wednesday a hacker compromised Nicehash marketplace payment system and an unknown amount of Bitcoins stolen from the wallets.NiceHash not yet disclosed any amount that stolen.

According to their company statement, there has been a security breach involving NiceHash website. Importantly, our payment system was compromised, and the contents of the NiceHash Bitcoin wallet have been stolen.

Nowadays Cryptocurrencies Malware’s evolving with much more capabilities, with this security breach the nature of the incident was not identified “We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.” the company statement reads.

But according to coindesk reports a wallet circulated NiceHash users shows 4,736.42BTC which worths 68,169,547.78 USD has been stolen, if the address belongs to NiceHash, then it could be the significant set back for the company.

Hackread indicated that the amount of BTC address is increasing gradually while writing we observed it is 68,169,547.78 USD according to the last update 2017-12-07 10:27:59.

Still, the nature of the incident was not yet identified, and users are advised to change their password

We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity.We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible, the company said.

Some of Very Recent Cryptocurrency Breaches

1. CoinDash Suffered a Hacking Attack And Stolen $7 Million Worth Ethereum Cryptocurrency
2. World’s Fourth Largest Cryptocurrency “Bithumb” Hacked and Many Number of User Accounts Compromised
3. Cryptocurrency wallets Hacked by “CryptoShuffler” Trojan & Stole $140,000 From Many Wallet ID
4. Over 1.65 Million Users Infected By Cryptocurrency Malware Miners In 2017


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Guru baran
Guru baran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

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