Title Title
Cryptocurrency site NiceHash confirms hack Cryptocurrency site NiceHash confirms hack
Summary Summary
  Users of popular cryptocurrency mining marketplace say about $60 million was moved
Highlights Highlights
Content Content
<a style="font-weight: bold" href="https://www.nicehash.com/">NiceHash</a><b>, a cryptocurrency mining marketplace, confirmed that its security has been breached and "the contents of the NiceHash Bitcoin wallet have been stolen." Its users said in online forums that <a href="https://twitter.com/VKynchev/status/938385242250989568">their balances are zero</a> and that $60 million was moved to a Bitcoin wallet on Wednesday. </b>  <a style="font-weight: bold;" href="https://www.nicehash.com/">NiceHash</a><b>, a cryptocurrency mining marketplace, confirmed that its security has been breached and "the contents of the NiceHash Bitcoin wallet have been stolen." Its users said in online forums that <a href="https://twitter.com/VKynchev/status/938385242250989568">their balances are zero</a> and that more than $60 million was moved to a Bitcoin wallet on Wednesday. </b>
A<a href="https://www.reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/"> press release</a> from NiceHash posted on Reddit and Twitter said that the company's security has been breached.  
  CEO Marko Kobal and co-founder Sasa Koh appeared on a <a href="https://www.facebook.com/NiceHash/videos/2013146182237851/">Facebook video recording</a> to address user's concerns. Kobal said the hack was made by using the credentials of a NiceHash engineer and that they're conducting a forensic investigation with law enforcements. He added that more information will be given in the coming days.
Reuters <a href="https://www.reuters.com/article/us-cyber-nicehash/digital-currency-exchange-nicehash-says-bitcoin-worth-nearly-64-million-hacked-idUSKBN1E10AQ">reported</a> that NiceHash head of marketing Andrej P. Škraba said that the hack was “a highly professional attack with sophisticated social engineering.”  Reuters also <a href="https://www.reuters.com/article/us-cyber-nicehash/digital-currency-exchange-nicehash-says-bitcoin-worth-nearly-64-million-hacked-idUSKBN1E10AQ">reported</a> that NiceHash head of marketing Andrej P. Škraba said that the hack was “a highly professional attack with sophisticated social engineering.”
Nervous users first began speculating about a possible hack on<a href="https://www.reddit.com/r/NiceHash/comments/7hy6tp/looks_like_the_end_of_nicehash_how_much_did_you/?st=jav7ke7x&amp;sh=3231af2e"> Reddit</a> and <a href="https://twitter.com/NiceHashMining/status/938368653770285056">Twitter</a> after the site said it was down for maintenance yesterday morning. Nervous users first began speculating about a possible hack on<a href="https://www.reddit.com/r/NiceHash/comments/7hy6tp/looks_like_the_end_of_nicehash_how_much_did_you/?st=jav7ke7x&amp;sh=3231af2e"> Reddit</a> and <a href="https://twitter.com/NiceHashMining/status/938368653770285056">Twitter</a> after the site said it was down for maintenance yesterday morning.
Earlier on Wednesday, <em>WikiTribune</em> was in contact with company adviser Andrej Nabergoj, who said that NiceHash was "assessing the situation and working with the authorities." <em>WikiTribune</em> initially identified Nabergoj as CEO, but he subsequently clarified his position. Earlier on Wednesday, <em>WikiTribune</em> was in contact with company adviser Andrej Nabergoj, who said that NiceHash was "assessing the situation and working with the authorities." <em>WikiTribune</em> initially identified Nabergoj as CEO, but he subsequently clarified his position.
  A<a href="https://www.reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/"> press release</a> from NiceHash was later posted on Reddit and Twitter, which said that the company's security has been breached.
NiceHash is a place for users to buy "hashing power," that is computing power for <a href="https://en.wikipedia.org/wiki/Bitcoin#Mining">mining</a> different cryptocurrencies such as Bitcoin. On Thursday, the price of Bitcoin <a href="http://www.bbc.co.uk/news/business-42260211">surged to $15,000</a>. NiceHash is a place for users to buy "hashing power," that is computing power for <a href="https://en.wikipedia.org/wiki/Bitcoin#Mining">mining</a> different cryptocurrencies such as Bitcoin. On Thursday, the price of Bitcoin <a href="http://www.bbc.co.uk/news/business-42260211">surged to $15,000</a>.
Cryptocurrencies are digital assets that run on a technology called blockchain – a decentralised ledger that allows for anonymous and secure peer-to-peer transactions. Mining is the process of adding transaction records to the blockchain. Cryptocurrencies are digital assets that run on a technology called blockchain – a decentralised ledger that allows for anonymous and secure peer-to-peer transactions. Mining is the process of adding transaction records to the blockchain.
About $60 million from NiceHash users has apparently been moved to a single external wallet pointing to <a href="https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq">this address</a>.  More than $60 million from NiceHash users has apparently been moved to a single external wallet pointing to <a href="https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq">this address</a>.
This security breach of NiceHash makes it one of the biggest cryptocurrency breaches ever. The biggest hack was in 2014, when Mt. Gox, then the world's largest Bitcoin exchange, lost $460 million, as <a href="https://www.wired.com/2014/03/bitcoin-exchange/">reported</a> by <em>Wired</em>. The second biggest breach of a Bitcoin exchange platform was <a href="https://www.reuters.com/article/us-bitfinex-hacked-hongkong/bitcoin-worth-72-million-stolen-from-bitfinex-exchange-in-hong-kong-idUSKCN10E0KP">Bitfinex</a> in 2016, which had $77 million stolen. This security breach of NiceHash makes it one of the biggest cryptocurrency breaches ever. The biggest hack was in 2014, when Mt. Gox, then the world's largest Bitcoin exchange, lost $460 million, as <a href="https://www.wired.com/2014/03/bitcoin-exchange/">reported</a> by <em>Wired</em>. The second biggest breach of a Bitcoin exchange platform was <a href="https://www.reuters.com/article/us-bitfinex-hacked-hongkong/bitcoin-worth-72-million-stolen-from-bitfinex-exchange-in-hong-kong-idUSKCN10E0KP">Bitfinex</a> in 2016, which had $77 million stolen.
The company’s <a href="https://twitter.com/NiceHashMining/status/938368653770285056">first tweet</a> regarding maintenance was posted early Wednesday, and it <a href="https://twitter.com/NiceHashMining/status/938368653770285056">posted another</a> four hours afterwards, which only added to the concerns expressed on social media by people identifying themselves as NiceHash customers. Users <a href="https://www.reddit.com/r/NiceHash/comments/7hy6tp/looks_like_the_end_of_nicehash_how_much_did_you/?st=jav7ke7x&amp;sh=3231af2e">on the Reddit page</a> also said that the company stopped responding to support queries around a day or two ago. The company’s <a href="https://twitter.com/NiceHashMining/status/938368653770285056">first tweet</a> regarding maintenance was posted early Wednesday, and it <a href="https://twitter.com/NiceHashMining/status/938368653770285056">posted another</a> four hours afterwards, which only added to the concerns expressed on social media by people identifying themselves as NiceHash customers. Users <a href="https://www.reddit.com/r/NiceHash/comments/7hy6tp/looks_like_the_end_of_nicehash_how_much_did_you/?st=jav7ke7x&amp;sh=3231af2e">on the Reddit page</a> also said that the company stopped responding to support queries around a day or two ago.
Categories Categories
  Technology
Article type Article type
  emerging
Tags Tags
Author byline Author byline
No No
Has hero Has hero
No No
Hero Alignment Hero Alignment
  No
Hero Image URL Hero Image URL
None None
Featured Image URL Featured Image URL
Sources Sources

Subscribe to our newsletter

Be the first to collaborate on our developing articles

WikiTribune Open menu Close Search Like Back Next Open menu Close menu Play video RSS Feed Share on Facebook Share on Twitter Share on Reddit Follow us on Instagram Follow us on Youtube Connect with us on Linkedin Connect with us on Discord Email us