Nicehash Hacked: $62 Million In Bitcoin Stolen

Nicehash Hacked: $62 Million In Bitcoin Stolen

"This is a matter of deep concern and we are working hard to rectify the matter in the coming days", the Slovenia-based NiceHash said in a statement.

The company added that it was "fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity", but having experienced such a significant blow, how it will manage to return to trading without the ability to provide funds to those using its service is not clear at this point.

The site's administrators are also recommending users change any shared passwords they used on NiceHash. While the company did not reveal the exact amount lost, users on Reddit spent the better part of today anxious as the service was initially "under maintenance" for 12 hours amidst suspicious transactions on the blockchain that saw 4,736.42 BTC taken from Nicehash and their Nicehash internal wallets reporting zero balances.

There was no immediate response from NiceHash to an emailed request for more details. The NiceHash website itself still shows a maintenance page. 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.

The price of bitcoin has surged to over $14,100.74, gaining $1,000 in less than a day, according to coindesk, a website that monitors the price.

In India, the Reserve Bank of India (RBI) this week cautioned the "users, holders and traders" of Bitcoins about the security related risks associated in dealing with such virtual currencies (VCs). That compares with a value below $1,000 at the beginning of the year. Such currencies are not tied to a bank or government and allow users to spend money anonymously.

NiceHash, a marketplace that matches those with spare computing to power to miners wanting to create new coins, has confirmed that it has hit by attackers who snatched bitcoin. Mt. Gox shut down in February 2014, saying it lost about 850,000 bitcoins, possibly to hackers.

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