BTC.com Suffers $3 Million Loss in Cyberattack

BTC.com Suffers $3 Million Loss in Cyberattack

By Mark Hunter

4 days agoTue Dec 27 2022 08:54:37

BTC.com-Loses-$3-Million-in-Cyberattack

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  • Bitcoin mining swimming pool BTC.com has actually lost $3 million in a cyberattack
  • $700,000 of this was customer funds
  • The business hasn’t exposed the attack vector, however has actually stated that it will reimburse customer losses

BTC.com the other day reported that it had actually suffered a cyberattack that has actually seen it lose $3 million worth of properties. The mining swimming pool exposed that the attack happened on December 4 and saw $700,000 in customer possessions and $2.3 million in the business’s own properties taken, however assured impacted consumers by stating that it would comprise any customer losses from its own pocket. BTC.com is among the biggest cryptocurrency mining swimming pools worldwide and provides mining services for different digital properties, consisting of Bitcoin and Litecoin

Assault Vector Not Revealed

BTC.com, a subsidiary of BIT Mining, reported the cyberattack to police authorities in Shenzhen, China on the day it occurred, with regional authorities starting an examination into the occurrence and looking for support from appropriate firms within the nation. BTC.com states that it will “commit significant efforts to recuperate the taken digital properties”, confident that the authorities can assist them do so.

No information have actually yet been provided regarding the approach of the attack, however BTC.com states that it has actually “carried out innovation to much better block and obstruct hackers.”

Organization as Usual

Regardless of the attack, BTC.com continued to supply mining swimming pool services to its consumers and mentioned that its customer fund services were untouched. The BTC.com mining swimming pool is the seventh-largest worldwide, having approximately a 2.5% share of overall mining swimming pool circulation in current days and a hash rate of 5.80 exahashes per 2nd (EH/s).

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