Hackers Steal Over $70 Million Worth Of Bitcoin

[Ekene]

Bitcoin's meteoric rise comes with some downfalls.

Since our last report on Bitcoin's value, where the world's largest cryptocurrency surpassed 10K in value, the coin has now added another 6K to the margin with its current value sitting at $16,130.68 as we type this.

But with such an exceptional growth in just a week comes the risk that the trend may burst or, as recent reports have confirmed, hackers trying to break away with some of the profits.

Money reports that the Bitcoin mining service, NiceHash, is the recent victim of online hackers where suspects have broken away with $70 million worth of the currency. The company announced the security breach on their Facebook page telling customers that all operations have been paused for 24 hours.

"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," the statement reads. "We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity."

NiceHash told Money that $70 million worth of bitcoin equals around 4,700 coins, adding that this was accomplished through a "professional attack."

Source

 

[Icantspell]

Buy bitcoins brehs

Spoiler

its worth over 16k

 

[Mortal1]

@hex F-society

 

[Tunez]

 

[Take It In Blood]

as long as they hook me up I don't care

i'm tryna eat

 

[Shoog Shatmi]

That's ultimately a serious flaw of cryptocurrency. Merely holding it (even for a second) is incredibly risky and possibly ruinous. The bitcoin futures contracts that are supposed to launch next year are cash-settled for this very reason.

 

[It is a mystery]

Whichever 6 cert breh did it. PM me some.
I'll keep it on the hush

 

[Geek Nasty]

I was going to short bitcoin if I could find a way to do it because I know the bubble is going to pop soon.

 

[hex]

@hex F-society

Elliot needed money to go to war.

Fred.

 

[ignorethis]

That's ultimately a serious flaw of cryptocurrency. Merely holding it (even for a second) is incredibly risky and possibly ruinous. The bitcoin futures contracts that are supposed to launch next year are cash-settled for this very reason.

Security gonna catch up eventually and you're gonna see less of these big heists, most people who are serious about it already have hardware wallets.

But once the floodgates and crypto goes completely mainstream, stealing crypto from the average joes is gonna become as popular as credit card fraud.

 

[MMA]

This was not some flaw bs like they are saying
shyt doesn't make any sense. Looks like someone who was obviously familiar with the company (employee etc)

Here's the account - 1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq - Bitcoin address

Slowly move that into monero.. people who got done dirty can't do shyt. Hacker or inside job is crazy

 

[Breh13]

"Hacked"

Is there a way to prove it was?

NiceHash owners running away with it.

They've seen that 10k+ value.

 

[Reece]

Crypto security will be a major industry in the next 5-10 years. Too many fakkits (I hate thieves more than anything) out there trying to take people’s hard earned money.

 

[Lucky_Lefty]

Crypto security will be a major industry in the next 5-10 years. Too many fakkits (I hate thieves more than anything) out there trying to take people’s hard earned money.

You sure about that?

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