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Bitcoin mining marketplace NiceHash loses tens of millions of dollars following hack

07 December 2017

Users that mined to an external wallet for an additional fee are out unpaid balances less than 0.01 BTC, but sadly users that mined to an internal wallet have potentially losts hundreds or thousands of mined bitcoin.

The announcement follows an hours-long outage and reports from a multitude of users that their NiceHash-associated wallets had been emptied. It has halted all services for the next 24 hours while it investigates, but thanks to the public blockchain, there's speculation that Nicehash may have lost upward of 4,700 BTC, presently worth more than $63 million Dollars. The venture's main webpage showed a "maintenance" error message, linking to its social media accounts.

Site operators advised users to change their passwords when the site returns online.

Apparently, NiceHash's payment system was compromised and unfortunately, its Bitcoin wallet was raided.

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While the NiceHash operators seem honest with their statement, those words ring hollow for users that lost their accumulated BTC. "We are working to verify the precise number of BTC taken", the company said in a statement, calling the breach "a matter of deep concern". NiceHash paused operations for 24 hours to determine how many bitcoins were stolen and how. NiceHash says it will relaunch itself with improved security "at the earliest opportunity". We will endeavor to update you at regular intervals.

"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", the company said, advising users to change their online passwords as a precaution.

"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 firm concluded.

Bitcoin mining marketplace NiceHash loses tens of millions of dollars following hack