Cryptocurrency Miner NiceHash Hacked - $62 Million in Bitcoins Gone

NiceHash website showing a maintenance message during security breach announcement

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.

Purchases 79418 Shares of Colgate-Palmolive (NYSE:CL)
Harbour Capital Advisors LLC acquired a new stake in shares of Colgate-Palmolive in the 1st quarter valued at about $121,000. The Kingdon Capital Management Llc holds 249,600 shares with $18.50 million value, down from 400,000 last quarter.

"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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