NiceHash Hacked Cryptocurrency Mining Pool

Cryptocurrency mining marketplace NiceHash has been hacked, according to a statement released by the company’s team on Wednesday, December 6.

Posting on social media, NiceHash admitted that there had been “a security breach involving NiceHash website.” That breach has led to a massive loss of funds. According to reports, NiceHash has lost at least $66 million in the hack. Users are complaining that their wallets have been emptied.

NiceHash was launched in 2014. It’s one of the most popular marketplaces where miners can rent out their hash rate to others.

The statement came after an hours-long outage, during which users were left in the dark. Reports started to trickle in that users’ funds were missing. NiceHash had previously announced it was under maintenance. However, they later released the following statement:

“Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken. Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. 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 released the statement via Reddit’s /r/NiceHash community.

NiceHash hasn’t confirmed that $66 million has been stolen. They haven’t released a specific amount at all. However, a wallet address is circling in the NiceHash community today. That wallet shows a loss of 4,736.42 BTC – worth more than $66 million at today’s price (at present, BTC had just reached a new all time high near $14,000).

NiceHash users are being asked to change their account passwords as a result of the breach. The funds, however, may be gone forever.

“While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords,” NiceHash said in a statement.

NiceHash claims they have reported the incident to law enforcement and are fully co-operating with them during this time. Stay tuned for future updates on the NiceHash hack.

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