• NOW

Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)

According to reports circulating on the web, the mining pool Nicehash was hacked today for allegedly 4,449 BTC or US$60M at current prices. The Nicehash pool has confirmed the organization was breached but did not disclose how many bitcoins were stolen.

Also read: Japan Increases Lead – Approves Another Four New Cryptocurrency Exchanges

The Mining Pool Nicehash Says the Organization’s Payment System Was Compromised

Nicehash Mining Pool Allegedly Hacked — Accused of Losing 4449 BTC (US$60M)The mining pool Nicehash says they were hacked today and users believe it was for roughly $60M worth of bitcoin. According to the pool’s patrons speaking out across social media and forums, many think the pool’s wallet with 4,449 BTC was sent to this specific address. The Nicehash website has been down, and pool workers have not been able to log-in for the past 6 hours. Following the accusations from customers, the pool released a statement through its Reddit forum.

“Unfortunately, there has been a security breach involving Nicehash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours,” explains Nicehash.

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.

Nicehash: ‘We Are Truly Sorry for Any Inconvenience’

Nicehash says the matter is of “deep concern” and they are working to “rectify the matter in the coming days.” Moreover, the organization says they are doing an internal investigation but also working with the local law enforcement authorities as well. “We are fully committed to restoring the Nicehash service with the highest security measures at the earliest opportunity,” the mining pool details.

Nicehash Mining Pool Hacked — Accused of Losing 4449 BTC

So far Nicehash users are upset they can’t login to see their mining payout balances. At the moment the site is down for “maintenance” and states it “should be back shortly.” The operators of the pool say they are sorry for the loss. “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 mining pool adds.

What do you think about Nicehash being compromised? Let us know your thoughts in the comments below.

Images via Pixabay and Twitter. 

Need to calculate your bitcoin holdings? Check our tools section. 

Tags in this story
Accusations, Bitcoin, Breached, BTC, Compromised, hacked, Investigation, Law Enforcement, mining pool, Mining Pool Operators, N-Featured, Nicehash, Twitter
Global Crypto War Is Heating up - Iran Next in Line With Its Own Gold-Backed Coin

Control of the U.S. dollar and the global financial system that depends on it gives the American government an incredibly… read more.

Spain Thwarts Bitcoin ATM Scam, Prompting Regulatory Debate Worldwide

Bitcoin ATMs are not currently governed by EU money laundering regulations, and arrests coordinated by Spanish police and Europol in… read more.

Jamie Redman

Jamie Redman is a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Redman has written thousands of articles for news.Bitcoin.com about the disruptive protocols emerging today.