NiceHash Security Breach! Over $70 Million Dollars Bitcoin Stolen

Hackers always find the methods to crack the security of large platforms to get higher benefits. Eventually, they put all their efforts to compromise the security of NiceHash and steal over 4,700 bitcoins worth over $57 million (value calculated at the time of breach) from a largest crypto-mining exchange NiceHash.

Just before the breach incident, Bitcoin’s regular price hiked by 20% but presently the rate of bitcoin is increased even more. If we calculate the value of stolen Bitcoin, it hits over $70 million.

NiceHash security breach

NiceHash, a cloud-based crypto-mining marketplace, was found in 2004 and it started to connect people worldwide who want to share the spare power of their systems for cryptocurrency mining. The people get paid a good amount for this involvement in mining.

On Wednesday, some users at NiceHash noticed that their bitcoin wallets were empty and reported to NiceHash. After some time, the company set their all services offline and claiming to be undergoing maintenance. At that time, it was not declared that NiceHash is hacked.

The website is still offline with an official press release confirming that “there has been a security breach involving NiceHash website and that hackers stole the contents of the NiceHash Bitcoin wallet.”

The company did not provide more details about this data breach but confirmed that the investigation is under process and will soon figure out the exact amount stolen from the website.

“We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service. We will endeavor to update you at regular intervals,” the company says.

The company recommends their users to change their passwords of NiceHash account and other accounts which relate to it. The company also stated that the exact amount of stolen bitcoins will soon be published after the relevant investigation.

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