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Bitcoin Miners at NiceHash Lose Over $60m in latest hack

While Bitcoin (BTC) passes $14000 (over £10,000) for the first time a 40% increase this month alone the NiceHash website made an official announcement to say that there had been a security breach through their site.

The website is now displaying an official press release which states:

“…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.”

Users of the site estimate the value of coins stolen to be around $62m or £46m.

The statement went on to urge it’s users to change their non-nicehash passwords:

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

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.”

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. While Electroneum (ETN) the coin designed to be the easiest cryptocurrency to manage, used from buying mobile games to sending money to friends and even online betting is due to re-launch in the next few days after employing the security group HackerOne to test and ensure its platform is secure.