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Topic: [2017-12-07] Mining Service Nicehash Hacked, $60 Million in User Funds Stolen (Read 4367 times)

sr. member
Activity: 322
Merit: 363
39twH4PSYgDSzU7sLnRoDfthR6gWYrrPoD
It is most likely an inside job.
Nice hash has been operating long enough that they should know basic opsec on how to store bitcoin from hacks
legendary
Activity: 2170
Merit: 1427
Instead of thinking that NiceHash as service has been hacked, or robbed from inside, they confidently say that Bitcoin got hacked and that all people hodling Bitcoin are at risk as well since the 'code' has been cracked.

As long as people don't understand that if you hand your Bitcoins over to a completely stranger (i.e whatever service), you depend on that entity to take care of your coins properly, have it maintain its platform properly so you have always 'access' to your coins, and to not have it run with your coins. If people drop their greed, and just keep their coins offline in a properly secured way, no one will ever have to suffer from coin loss. It's a shame that Bitcoin gets blamed for this all the time, but there is nothing that we can do about it unfortunately. The majority of the people don't know what they are doing here other than hoping to bank on Bitcoin's boom, but instead of banking on Bitcoin, they are tanking on Bitcoin. Cheesy
legendary
Activity: 1526
Merit: 1179
The mainstream media has picked up on this as well. If you look at how non crypto people react to that article, I actually feel embarrassed for their stupidity as human beings. It's ignorance of the highest levels.

Instead of thinking that NiceHash as service has been hacked, or robbed from inside, they confidently say that Bitcoin got hacked and that all people hodling Bitcoin are at risk as well since the 'code' has been cracked.

I however also sense a high level of bitterness. It's like if they bought Bitcoin before this rally started they would be all positive, but now they see the price go up and they miss out, that it is a scam, has no value, and the list goes on.
hero member
Activity: 1438
Merit: 574
Always ask questions. #StandWithHongKong
Like there wasn't enough of cloud mining scams and disasters we have another one. How much is it going to take for people to learn that cloud mining, even if it's not a scam, is very risky and unprofitable. And can we please stop calling them "mining service operators" and start telling people that cloud mining hasn't got much in common with real mining and on top of that these hustlers can't even keep their coins offline.

+1!!

This is not a hack, it's a basic security lapse by dorks, probably an inside job.

Cloudmining.... Roll Eyes Roll Eyes Roll Eyes
legendary
Activity: 2478
Merit: 1360
Don't let others control your BTC -> self custody
Like there wasn't enough of cloud mining scams and disasters we have another one. How much is it going to take for people to learn that cloud mining, even if it's not a scam, is very risky and unprofitable. And can we please stop calling them "mining service operators" and start telling people that cloud mining hasn't got much in common with real mining and on top of that these hustlers can't even keep their coins offline.
newbie
Activity: 101
Merit: 0
From the horse's mouth, Official Statement.

Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours.

Importantly, 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.

https://www.reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/
member
Activity: 62
Merit: 10
I had around .02 BTC in NH wallet, waiting for further updates from Nicehash.
full member
Activity: 508
Merit: 101
The mining service Nicehash was reportedly hacked today, with over $60 mln in funds stolen. Users report that funds have been moved from their own internal Nicehash Bitcoin addresses to a single Bitcoin address controlled by an unknown party. The company released a statement on Reddit, saying:

    “Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours. Importantly, 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.

More: https://cointelegraph.com/news/mining-service-nicehash-hacked-60-million-in-user-funds-stolen

This is the wallet with the stolen bitoin: https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq
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