Economy

NiceHash diced up by hackers, thousands of Bitcoin pilfered

NiceHash diced up by hackers, thousands of Bitcoin pilfered”

Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. "We are now investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours", NiceHash said.

NiceHash, which describes itself as the largest marketplace for mining digital currencies, said late Wednesday that it was suspending its operations for at least 24 hours because of a security breach.

Coindesk reported on Thursday that the loss is about 4,736.42 Bitcoins, worth more than $60 million.

The site said it was still working to figure out exactly how many bitcoins were taken.

Bitcoin opponents have voiced concerns about security and the potential for bitcoins to be stolen. Your press release said nothing about sending us what you owe. This incredible value means the cryptocurrency has become the number one target for cybercriminals everywhere.

The second-best performing asset during the trading period (trailing only the largely unknown crypto asset TRON), bitcoin's strong upward move caps 24 hours in which its price climbed by over 20 percent across global exchanges, rising $2,000 in the process according to CoinMarketCap.

Pankaj Jain, a New York-based bitcoin investor, advised small investors not to invest more than 1 to 3 percent of their net worth in cryptocurrencies, adding that high-net worth investors should refrain from investing more than 5 to 10 percent, said the report.

Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.

The site's administrators are also recommending users change any shared passwords they used on NiceHash.

The hack will put a spotlight on the security of bitcoin just as the trading community prepares for the currency to start trading on two established US exchanges.

The apex bank reiterated its stand that "it has not given any licence or authorization to any entity or company to operate such schemes or deal with Bitcoin or any VC".



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