Popular Mining Service NiceHash Hacked – 70 Millions Stolen

The popular cryptocurrency mining exchange service NiceHash announced on Wednesday night December 6 that “there has been a security breach involving NiceHash website” and “our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen”.

Nicehash didn’t state yet in ther official announcement on their website HOW MUCH funds in BTC was stolen. BUT one bitcoin wallet gained more than $64 million within a matter of minutes right before NiceHash posted their announcement on their website and their Facebook official page.

On Reddit and other social media many users pointed to a Bitcoin wallet address that was opened on Tuesday , which went from a balance of 0.01 bitcoin to a balance of 4,736.428 Bitcoins within minutes, worth $69.7 million at the time of this post, after the user made more than 3,000 transactions in a very short period of time.

This is => the Bitcoin address in question.

Nicehash didn’t provide any details yet or promise to return user funds. They only “ask for patience and understanding” and “recommend, as a precaution, that you change your online passwords.”. Which, understandably, in users’ eyes is far from a comforting message in this event from such a large service provider. A tsunami of comments, questions and social reactions is brewing in the crypto-mining communities all over the internet at this very moment.

The company has not posted any updates since its original statement.

Will the users ever see their money? We sure hope so and will be looking for updates from the company.

And WHAT should users of Nicehash do now? We at Computta do have the answer. But then again, we are kind of biased, right?

The BIG Question however still remains  – HOW could this happen to such an experienced cryptocurrency company…