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Nicehash hacked worth of $64 Million Bitcoin

USI TECH

Bitcoin is flying sky high after crossing the $14,000 mark for the first time, but one projected aimed at helping mine coins is short of at least $64 million after it was hacked

NiceHash provides a platform for users to mine for other cryptocurrencies and get paid in bitcoin. That could involve significant sums: Kobal said the site had paid out over $1 billion since it started four years ago.

According to Kobal, the attack began in the early hours of Dec. 6 after an employee’s computer had been compromised. Kobal, who said that the team is working with law enforcement, explained that “we’re still conducting forensic analysis” to determine how it happened.

Kobal went on to say he couldn’t provide additional details, though he added that the attack appears to be “incredibly coordinated and highly sophisticated attack.” He said the company would release additional details on possible recovery methods in the future.

“We are doing everything we can right now. However, this will take time,” Kobal said.

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