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 significant cryptocurrency mining swimming pool has actually been struck by hackers previously this month, the business who owns the swimming pool exposed in a statement. The occurrence led to the theft of digital possessions coming from the swimming pool and its customers worth a combined overall of $3 million.

Chinese Authorities Launch Investigation Into Crypto Mining Pool Hack

A subsidiary of the coin minting business Bit Mining has actually been targeted in a hacking attack, the business stated in a news release. The impacted entity is a leading bitcoin mining swimming pool, Btc.com, which in the previous week represented over 2.5% of the swimming pool circulation and has a share going beyond 4% on yearly basis.

According to the statement released Monday, Dec. 26, the platform was struck on Dec. 3, 2022. As an outcome, $2.3 million worth of digital properties owned by the business and another $700,000 in possession worth coming from its customers were taken.

The cyberattack has actually been reported to police in Shenzhen, China on Dec. 23. The Chinese authorities released an examination into the occurrence and are gathering proof with the assistance of appropriate firms, Bit Mining in-depth and additional highlighted:

The business will commit significant efforts to recuperate the taken digital properties.

The mining company stated that a few of Btc.com’s crypto properties have actually currently been protected. It likewise explained that after finding the breach, it carried out innovation created to much better block and obstruct hackers, guaranteeing:

Btc.com is presently running its organization as normal, and apart from its digital possession services, its customer fund services are untouched.

The top-10 mining swimming pool, which supplies mining services for bitcoin (BTC), ether (ETH), and litecoin (LTC), Bit Mining Limited likewise owns the mining gadget producer Bee Computing and runs coin minting centers.

Given that the Chinese federal government punished the market in the spring of 2021, Bit Mining has actually looked for to broaden its activities in Kazakhstan, which has actually ended up being a significant crypto mining hotspot. In August of this year, the business revealed it had actually protected a $9.3 million signed up direct offering from institutional financiers.

Tags in this story

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

What are your ideas on the hacking attack versus the bitcoin mining swimming pool Btc.com? Inform us in the remarks area listed below.

Lubomir Tassev

Lubomir Tassev is a reporter from tech-savvy Eastern Europe who likes Hitchens’s quote: “Being an author is what I am, instead of what I do.” Crypto, blockchain and fintech, global politics and economics are 2 other sources of motivation.

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