nicehas - Nicehash Cryptocurrency Mining Company Has Been Hacked

Nicehash Cryptocurrency Mining Company Has Been Hacked

Bad news for the mining market. The largest Cryptocurrency mining marketplace has been hacked. While the amount stolen has not been specified by the company, they suggest that a specific wallet address has 4,736 Bitcoin, more than $74 million dollars at current prices.

Users realized that there was something wrong going on when they couldn’t log in to their accounts. After half a day with the site suspended, the company released a statement explaining the situation.

“Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours,” reads a press release by the company.

The company is asking for patience to its users in order to deploy all the possible resources and find out what has happened. Furthermore, they are grateful to the customers that have been supporting the company throughout the years.

“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,” keeps the statement.

Not the First Hack in the Industry

This is not the first time that a hack occurs in the cryptocurrency sphere. The last month, a vulnerability in the Parity wallet was found and several wallets have been affected. Until now, customers do not know whether they will receive or not their frozen funds.

“While Ethereum is a great language and platform, it’s important to remember that it is still very early in its development and issues like this will arise. Diversification of funds, people, technology and locations is key,” commented David Mondrus CEO of Trive.

According to different experts, in order to release the funds, there should be a hard fork in the Ethereum’s network.