Mining company NiceHash paid users 60% of stolen assets

Mining company NiceHash paid users 60% of stolen assets

The Slovenian company NiceHash suffered a hacker attack in December, during which a wallet containing 4,700 Bitcoins, which at that time was worth about $59 million, was hacked.

On its site, the company united buyers and sellers, as well as their computing power for mining different types of cryptocurrencies. By renting hash power, service users could make a profit through cloud mining. 

After the incident, all operations on the platform were suspended for two weeks. On the Reddit website, the company commented on the hack: “Our payment system was compromised and the contents of our Bitcoin wallet were stolen. We are trying to determine the exact number of coins stolen.”

After calculating the losses, which are now estimated at $32.4 million due to the decline in the price of Bitcoin, the company implemented a repayment program to compensate affected users and began paying 10% monthly in February. The company has now paid out more than 60% of the funds stolen during the hack.

Kun Njord, one of the platform's users, reported that his friend, who joined the platform before the hack, lost about 1 bitcoin, but has already received a full refund of his losses, which confirms the firmness of the company's intentions.


According to ambcrypto.com

You May Also Like

1982018-11-27

Norwegian miners will move to Sweden

From January 2019, Norway is expected to abolish electricity benefits for mining companies. As a result, Swedish data centers are expecting a wave of requests from mining companies looking to move their operations to Sweden.

Mining
3152018-10-02

GMO will make Zcash mining easier with free software

Japanese IT giant GMO Internet has announced new software for Zcash cryptocurrency miners. Cryptknocker software allows would-be miners to use Equihash-based crypto-variant algorithms using graphics processing units (GPUs) found on many standard personal computers.

Mining

Latest articles from Mining category