Cryptocurrency Miner NiceHash Hacked - $62 Million in Bitcoins Gone

Cryptocurrency Miner NiceHash Hacked - $62 Million in Bitcoins Gone

However, the team revealed the true nature of the outage through an announcement posted on the service's social media channels, confirming users' worst fears after hours frenzied speculation.

NiceHash is a digital currency marketplace that matches people looking to sell processing time on their computers in exchange for the digital currency 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. This way, users can benefit from bitcoin mining without purchasing or operating the equipment themselves.

Site operators advised users to change their passwords when the site returns online.

The service stated that a security breach involving the NiceHash website took place, which resulted in its payment system being compromised and its Bitcoin wallet being emptied.

Raytheon Company (RTN)'s Stock Is Buy After Today's Huge Increase
A month ago, they told us to expect earnings of US$1.88 per share while three months ago their EPS consensus estimate was US$1.88. The fund owned 2,716,704 shares of the aerospace company's stock after buying an additional 56,466 shares during the period.

"We are working to verify the precise number of BTC taken", the company said on Wednesday in a statement on its Facebook page. Below is NiceHash's full statement.

The company stated that, in addition to an internal investigation, they had contacted the "relevant authorities and law enforcement" and that they are working to "rectify the matter in the coming days". The firm says that it is fully committed to restoring the service with the highest security measures.

We would not exist without our devoted buyers and miners all around the globe. "We will endeavour to update you at regular intervals". As such, it's temporarily suspended operations on its site, and is encouraging users on its platform to change their passwords immediately.

"We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible", the firm concluded.

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