$62 Million Gone? Cryptocurrency Mining Market NiceHash Hacked

Cryptocurrency website Nice Hash said on Wednesday it has been hacked with an unconfirmed number of Bitcoins it held stolen

The company confirmed the hack today, but did not release totals.

Elsewhere Steam the popular gaming service said that it will no longer be accepting bitcoin as a method of payment from its customers due to the high BTC transaction fees. NiceHash previously announced that it was "under maintenance", a message that it had posted to its official website as well.

While the company did not reveal the exact amount lost, users on Reddit spent the better part of today anxious as the service was initially "under maintenance" for 12 hours amidst suspicious transactions on the blockchain that saw 4,736.42 BTC taken from Nicehash and their Nicehash internal wallets reporting zero balances.

Although the NiceHash team did not reveal any amounts that may be missing, users circulated a wallet address that indicated 4,736.42 bitcoins - worth more than $62 million - is missing. The company has paused operations for 24 hours while it figures out exactly how much was swiped and how it was taken. "We are working to verify the precise number of BTC taken", the company wrote. However, not all users of the service do transfer their funds to their own wallets, hence why the company was sitting on a large stash of bitcoin to begin with.

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From the statement, it would seem that the entire contents of the said wallet have been emptied by the hackers, who reportedly found a vulnerability in the payment system of the site.

The statement said, "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days". We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service.

In the meantime, they advised users to change all of their online passwords, as it is presently unclear what data the hackers were able to obtain in addition to the stolen funds.

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. We'll keep you updated!

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