NiceHash hacked, bitcoin wallets emptied - TechCentral

NiceHash hacked, bitcoin wallets emptied

NiceHash, the marketplace for cloud-based mining of cryptocurrencies, said hackers breached its systems and stole an unknown amount of bitcoin from its virtual wallet.

“We are working to verify the precise number of BTC taken,” the company said on Wednesday in a statement on its Facebook page. It’s halting operations for 24 hours, it said. The venture’s main webpage showed a “maintenance” error message, linking to its social media accounts.

NiceHash helps match people who can spare computing capacity with miners looking to solve complex maths problems to obtain a variety of new coins. It later facilitates periodic payments to the service providers with bitcoin.

A wallet address circulated by NiceHash users shows that more than US$60m of bitcoins might be affected, according to CoinDesk, the cryptocurrency research and news website.

NiceHash CEO Marko Kobal didn’t immediately respond to a LinkedIn message seeking comment.  — Reported by Olga Kharif, (c) 2017 Bloomberg LP

  • Greg Mahlknecht

    It’s becoming increasingly clear that the problem with cryptocurrencies isn’t the concept itself, but the entire platform from beginning to end are run by a bunch of amateurs and hobbyists.

  • There is merit in your take Greg – but nonetheless a harsh judgement – the professionals are now doing the recce and will be entering the market in numbers during 2018 IMO.

    BTC is the rock star attention seeking uncle that has hijacked the spotlight for the moment, but the token-backed blockchain tsunami heading our way will impact on global commerce in ways we have yet to understand.

    Time to buckle up.