Bad news for those who invested in Bitcoins, $60 mn hacked from company's wallet



 

San Francisco, Dec 7 In a warning for those who wish to invest in Bitcoins to make some big bucks, the cryptocurrency mining market NiceHash has revealed hackers wiped out its entire Bitcoin wallet, resulting in over $60 million loss.



"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," the marketplace said in a statement late on Wednesday. 



"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," it added.



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



"Are we going to get our btc? or might as well just forget it. Your press release said nothing about sending us what you owe. I have 4000$ stuck in your wallet which is now almost 4300$," tweeted a user named Lohit.



Another NiceHash user Philip Richardson tweeted: "If I dont get my btc back i will never use your service again".



Earlier in the day, the value of one Bitcoin had crossed $14,000, a new record high for the cryptocurrency.



Bitcoins are created through a complex computer process known as mining, and then monitored by a network of computers across the world.



A steady stream of about 3,600 new bitcoins are created a day - with about 16.5 million now in circulation from a maximum limit of 21 million, BBC reported.



"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 said.



The company recommends users to change their passwords - both on NiceHash and other services.



The incident brings back the memories of the 2014 implosion of the "mtGox" Bitcoin marketplace which lead to losses of millions of dollars.



In India, the Reserve Bank of India (RBI) this week cautioned the "users, holders and traders" of Bitcoins about the security related risks associated in dealing with such virtual currencies (VCs).



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



"In the wake of significant spurt in the valuation of many VCs and rapid growth in Initial Coin Offerings (ICOs), RBI reiterates the concerns," the central bank said in a statement.

(IANS) 

Don’t Miss

PM Modi commissions India's 1st indigenously-built Scorpene sub
Teachers suspended for spelling errors in Modi passage
Gujarat polling on Thursday for 93 seats; PM, Shah will cast their vote
Pak, China shivering..Navy to induct deadly Made in India submarine
Kejriwal's big GIFT.. FREE coaching for entrance exams
APPLIED for these jobs? Monthly income 35K, Age limit 40
On wedding anniversary Rohit helps India beat Lanka, level series
Do or die for Modi, Rahul..Last phase Gujarat polls tomorrow
Kejriwal Magic.. Private hospital BILLS will fall sharply
Your money is banks is safe..Cornered PM Modi assures nation
Chanakya on News24..The BEST will give Gujarat results tomorrow
Best pictures of Virat and Anushka before marriage
Virat, Anushka wedding..This is what happened after ceremony, don't miss
Bumper 50000 jobs for you..Modi magic
This smartphone is SELFIE KING..Price will shock you
On Instagram you can now follow hashtags
Twitter's big GIFT..You can tweet more now
Deepika, Priyanka FIGHT to romance SRK!
Deepika is losing weight.. what's wrong, find out!
Janhvi does naughty thing with Ishaan.. In PICS!
PMs in Row: Former PM Manmohan Singh takes on PM Modi
Video:Rohit's anniversary gift to wife..Ritika cries, Rohit kisses
Ro'HIT' smashes world record 3rd double ton..Know about his 200+ scores
Bumper JOB openings for 10th pass; Salary 57K
PM Live: Policy change in textile sector will create one crore jobs
This Bollywood actress sings with rapper Snoop Dogg!
'No 'mantras', 'Jaykaras', 'chanting' in holy Amarnath shrine,' says NGT
Video: Now UPCOCA in Uttar Pradesh to handle mafia and goons
Salman's deadly stunt will make you scream..Watch Video
Is Rahul Gandhi wearing Rudraksha beads like his grandmother?