Cryptocurrency Mining Market NiceHash Hacked

The cryptocurrency mining marketplace NiceHash has been hacked, the team behind it said in a newly released statement.

AccessTimeIconDec 6, 2017 at 8:40 p.m. UTC
Updated Sep 13, 2021 at 7:14 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now

The cryptocurrency mining marketplace NiceHash has been hacked, its team said Wednesday.

Posting on social media, NiceHash said that "there has been a security breach involving NiceHash website" resulting in a loss of funds. NiceHash, formed in 2014, serves as a marketplace for miners to rent out their hash rate to others.

The announcement follows an hours-long outage and reports from a multitude of users that their NiceHash-associated wallets had been emptied. NiceHash previously announced that it was "under maintenance," a message that it had posted to its official website as well.

The company said in its statement:

"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. 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."

Though the team didn't disclose an exact amount, a wallet address circulated by NiceHash users suggest that as many as 4,736.42 BTC – an amount worth more than $62 million at current prices – has been stolen.

The NiceHash team urged users to change their non-NiceHash online passwords as a result of the breach and subsequent theft.

"While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords," they wrote in the statement.

NiceHash did not immediately respond to an emailed request for comment.

CoinDesk will continue monitoring this developing story.

Image via Shutterstock

This article has been updated for clarity.

Disclosure

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by Block.one; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.


Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to consensus.coindesk.com to register and buy your pass now.


Read more about