Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack


Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack

A necessary cryptocurrency mining pool has been hit by hackers earlier this month, the firm who owns the pool published in an announcement. The incident resulted within the theft of digital property belonging to the pool and its customers charge a blended entire of $3 million.

Chinese Authorities Begin Investigation Into Crypto Mining Pool Hack

A subsidiary of the coin minting firm Bit Mining has been centered in a hacking assault, the firm acknowledged in a assertion. The affected entity is a leading bitcoin mining pool, Btc.com, which within the past week accounted for over 2.5% of the pool distribution and has a fragment exceeding 4% on annual foundation.

Primarily based totally on the announcement published Monday, Dec. 26, the platform used to be hit on Dec. 3, 2022. Consequently, $2.3 million charge of digital property owned by the firm and one other $700,000 in asset ticket belonging to its customers were stolen.

The cyberattack has been reported to guidelines enforcement in Shenzhen, China on Dec. 23. The Chinese authorities launched an investigation into the incident and are collecting proof with the reinforce of associated businesses, Bit Mining detailed and extra emphasized:

The firm will commit noteworthy efforts to get better the stolen digital property.

The mining company acknowledged that some of Btc.com’s crypto property non-public already been secured. It also identified that after discovering the breach, it utilized technology designed to better block and intercept hackers, assuring:

Btc.com is currently running its enterprise as usual, and aside from its digital asset services and products, its client fund services and products are unaffected.

Besides the stay-10 mining pool, which supplies mining services and products for bitcoin (BTC), ether (ETH), and litecoin (LTC), Bit Mining Restricted also owns the mining instrument manufacturer Bee Computing and operates coin minting facilities.

For the explanation that Chinese authorities cracked down on the industry within the spring of 2021, Bit Mining has sought to lengthen its actions in Kazakhstan, which has turn out to be a serious crypto mining hotspot. In August of this year, the firm launched it had secured a $9.3 million registered explain providing from institutional consumers.

Tags on this legend

Bit Mining, Bitcoin mining, BTC.com, China, chinese language, Crypto, crypto mining, Cryptocurrencies, Cryptocurrency, cyberattack, Hack, Hackers, hacking assault, mining, mining pool, pool, Theft

What are your tips on the hacking assault in opposition to the bitcoin mining pool Btc.com? Verbalize us within the comments share under.

Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Jap Europe who likes Hitchens’s quote: “Being a creator is what I’m, as another of what I get.” Besides crypto, blockchain and fintech, worldwide politics and economics are two varied sources of inspiration.

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