Cryptocurrency marketplace NiceHash reveals security breach

Cryptocurrency marketplace NiceHash reveals security breach

"Our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen". The market cap for Bitcoin is over $225 billion at present, and while many suspect the cryptocurrency is experiencing a bubble, that's a big target for hackers and the like.

Bitcoin mining marketplace NiceHash has been hacked with a large sum, believed to be $68 million in bitcoin, stolen from the site.

Cryptocurrencies are virtual "coins" that are "mined" by computers using complex algorithms.

The site said it was still working to figure out exactly how many bitcoins were taken. Several reports from users noted that their Bitcoin wallets associated with NiceHash had been emptied.

The incident brings back the memories of the 2014 implosion of the "mtGox" Bitcoin marketplace which lead to losses of millions of dollars.

The digital currency's value has soared in recent weeks, crossing $14,000 for the first time on Thursday morning in Asia.

Nicehash is further recommending that users of its internal wallets change all of their online passwords (especially any that were similar to the one they used on the site) as a precaution. "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", NiceHash said.

NiceHash CEO Marko Kobal didn't immediately respond to a LinkedIn message seeking comment.

The cyber heist is yet another reminder about the vulnerability of some digital currency platforms.

Andrej P. Škraba, head of marketing at the firm, confirmed to news agency Reuters that around 4,700 bitcoins - worth roughly $68 million at current prices - were lost in the hack. Users mention that their wallets have been emptied and the bitcoins are now in a wallet that received 4736 bitcoins on Wednesday, currently, that entails a total value of 51 million euros, roughly 56 million Dollars.

Bitcoin wallets are usually a highly secure technology, but the hack may have included a sophisticated attempt to scam and steal wallet keys.

Related News:

  • Washington Capitals vs. Chicago Blackhawks - 12/6/17 NHL Pick, Odds, and Prediction

    Washington Capitals vs. Chicago Blackhawks - 12/6/17 NHL Pick, Odds, and Prediction

    Brett Connolly , middle at right, celebrates his second-period power-play goal with Capitals teammates Wednesday night. Chicago's leading scorer Patrick Kane (27 points) has gone two straight games without a point.

    Broadcom Ltd (AVGO) Q4 Profit Beats; Revenue In-Line; Forecast Tops Estimates

    The semiconductor manufacturer reported $4.59 EPS for the quarter, beating the Zacks' consensus estimate of $4.49 by $0.10. Fisher Asset Management LLC purchased a new position in shares of Broadcom in the second quarter valued at about $250,000.
    Rangers to pay around £1 million to land Derek McInnes and assistant

    Rangers to pay around £1 million to land Derek McInnes and assistant

    McInnes is under contract until 2020 after signing a new deal along with No2 Tony Docherty in the summer as they rejected a move to Sunderland.
  • Romarinho strike sends Al Jazira through

    Romarinho strike sends Al Jazira through

    Auckland City defender Angel Berlanga wants the Navy Blues to put everything on the line against the UAE side. Romarinho, linking well with Ali Mabkhout, converted Al Jazira's first shot of the night in lethal fashion.
    Breast Cancer: Birth Control May Increase Risk By Up To 38 Percent

    Breast Cancer: Birth Control May Increase Risk By Up To 38 Percent

    They include smoking, obesity, starting menstruation early, having children late in life or not at all and not breastfeeding. That roughly translates to a 12 percent lifetime risk for a woman, although many factors affect breast cancer risk.
    The Rock To Receive Star On The Hollywood Walk Of Fame

    The Rock To Receive Star On The Hollywood Walk Of Fame

    Johnson responded by tweeting a heartfelt and grateful message, and then he (jokingly?) added that he'd be providing tequila. This past year he starred in Bay Watch , The Fate of the Furious , and Jumanji: Welcome to the Jungle alongside Kevin Hart .
  • Arshi wants to be captain

    Arshi wants to be captain

    While we have seen physical assaults in previous seasons, we have never witnessed sexual assault on any woman. Priyank and Luv will also have a fight after Priyank says that that he and Luv are no longer friends.
    Big Update On Ronda Rousey's WWE Future

    Big Update On Ronda Rousey's WWE Future

    She was subdued and mostly absent from promotion leading up to the Nunes fight and has largely shunned the spotlight since. The level of intrigue with Rousey has actually increased since she started losing.

    Analyst Ideas For Two Stocks: Morgan Stanley (MS), PPG Industries, Inc. (PPG)

    Following the transaction, the president now directly owns 692,037 shares of the company's stock, valued at $35,010,151.83. Analysts are also projecting an Average Revenue Estimate for Morgan Stanley as $9.28 Million in the Current Quarter.
  • Buyer of $450M da Vinci painting has art world abuzz

    Buyer of $450M da Vinci painting has art world abuzz

    Salvator Mundi has a controversial history , with at least one expert doubting that it is the work of Renaissance master da Vinci. Bader has spent large sums on several ritzy commodities in recent years, including half a billion dollars on a 440-foot yacht.
    Airline Crew Says They Saw North Korean Test Missile Re-Enter Atmosphere

    Airline Crew Says They Saw North Korean Test Missile Re-Enter Atmosphere

    He also compared two other photos that seem to have been mirror images of the launch but the constellations were different. Langbroek determined the direction of the photo based on the shape of the plumes of smoke coming from the rocket engine.
    Former Oilers QB charged with drugging woman, assaulting her

    Former Oilers QB charged with drugging woman, assaulting her

    Moon, 61, had a prolific career as a football player, spending six years in the CFL before a 17-year stint in the NFL. According to Haskell, she was required to share a room and sleep in the same bed as Moon on all business trips.


Most liked

August Ames dies dead at 23 - How did porn star die?
Health Care Agency confirmed Wednesday that Ames death was caused by asphyxia due to hanging. He also requested for privacy during this hard time.

Battle brewing over water treatment cost
It makes 51 detailed and specific recommendations on how to ensure safe drinking water for New Zealanders. The inquiry's report, released yesterday, said that intensive farming...

"Shazam!" Casts "IT" Movie's Jack Dylan Grazer
Sandberg is directing from a script by Darren Lemke ( Jack the Giant Slayer ) and Henry Gayden ( Earth to Echo ). Freddy is Billy Batson's best friend and the only person who knows the truth about Shazam .

Walgreens Boots Alliance (WBA) CMF Pushes Into Positive Territory
The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grown over a specific period of time. The pharmacy operator reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.10.

Newborn dies 7 days after mistakenly declared dead by Delhi hospital
While we understand that survival in extreme preterm births is rare, it is always painful for the parents and family. November 30, Ashish Kumar's wife gave birth to premature twins (boy and girl) at Max hospital in Shalimar Bagh.

Stipe Miocic vs. Francis Ngannou Set For UFC 220 on January 20
The only time both undisputed titles were on the line on the same night was at UFC 44 in September 2003. The person spoke on the condition of anonymity because the UFC had yet to make its plans public.

Credit Union Says Trump Has Sown Chaos at CFPB
A CFPB official told Business Insider last week that senior leadership "unanimously" complied with Trump's pick. Cordray had picked his deputy, Leandra English, as the interim director while President Trump had chosen Mr.

DNR: 17 Montcalm Co. Deer Suspected or Confirmed to Have CWD
The DNR says anyone who harvests deer in Montcalm County should have their deer tested by bringing them to a deer check station. Opened and staffed additional deer check stations to better accommodate hunters within Core CWD Areas.

Jeffrey Tambor Says He Hasn't Actually Quit 'Transparent' After All
She claimed that the actor cornered her and thrust himself "back and forth against my body" before she pushed him off. Lysette said she hoped the show would evolve to focus on transgender experiences beyond those of Mr.

Son of ex-Rep. Conyers not prosecuted in domestic abuse case
On Tuesday the elder Conyers officially resigned from Congress after being dogged by complaints of sexual misconduct. Conyers III's girlfriend said he attacked her after he searched her computer, and believed she was cheating.

Wind warning for Donegal issued
Meanwhile, another yellow warning was issued for Donegal , Galway , Leitrim , Mayo , Sligo , Clare and Kerry on Tuesday afternoon. According to the Met Office warning, "icy surfaces are also likely to be an additional hazard, especially overnight" on Friday.

Twins get players from Mariners, Angels for global bonus money
A delegation from the Mariners met with Ohtani on Tuesday in Los Angeles at the offices of Creative Artists Agency. The Angels , who last week picked up $1.21 million in a trade with the Braves , are up to $2.315 million.

Delhi govt to follow court orders on odd-even exemptions
A Bench headed by NGT chairperson Swatanter Kumar said that the expenses will be borne by the authorities in a 70:30 ratio. Chaning its stand on the odd-even policy, the government in its action plan does not mention any exemption for women.

Skilled Nursing Spending Growth Slowed in 2016
Spending on retail prescription drugs grew 1.3 percent in 2016 compared with 12.4 percent in 2014 and 8.9 percent in 2015. Still, health spending continues to outpace overall spending on goods and services, which increased 2.8 percent in 2016.

Tosun hoping Besiktas get Bayern Munich in Champions League
It was a busy night of European football as a host of teams played their final Champions League group stage fixture. The Round of 16 draw will take place on Monday 11 December at 9pm AEST at Uefa's headquarters in Nyon, Switzerland.