$62 Million In Bitcoin Stolen from Largest Crypto-Mining Exchange

eagleman

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Quote from: Fire Rabbit on December 10, 2017, 05:07:32 PM

Can't believe that nicehash got hacked.

It can happen also to other websites that holds a lot of money. Bitfinex has been hacked before and as well as MtGox and these hackers doesn't choose what type of crypto related website they are going to attack. All of them are at risk and has a chance of getting hacked if they will not make their security tight.

Quote from: Fire Rabbit on December 10, 2017, 05:07:32 PM

But I really don't think its a hack.

Insiders are saying that they aren't really hacked, they say it's an inside job.

Quote from: Fire Rabbit on December 10, 2017, 05:07:32 PM

My sixth sense is telling me that someone from inside the firm is responsible for this hack.

Nice sixth sense though! Grin

Quote from: Fire Rabbit on December 10, 2017, 05:07:32 PM

Anyways this reminds me the hashocean scam. One fine morning Hashocean just took the money and went offline. Till this date no one knows who was behind it and what happened to our coins.

Hashocean is different from nicehash and it's a cloud mining which is likely to be a real scam.

TyrellWellick

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Quote from: ~Bitcoin~ on December 10, 2017, 12:38:00 PM

https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

Quote

Balance: 4,736.43085383 BTC
73,565,726.62 USD

Hacker might wait for next few years and than only exchange those bitcoin, total price of those hacked bitcoin has already increased to $73million+ in last 3 days. Grin

Nicehash official statement is just a piece of shit, they haven't securely stored their user's bitcoin which is unprofessional.

Just gotta eat this monstrous meat piece by piece over the years

akamit

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This type of incidents really shocks me by thinking about the companies who doesn't have enough security parameters.

We have listened hacking stories before and this is not the first time.
I want to ask why they don't start a business with enough security features at the beginning?
This type of incidents force me to think that the owners intentionally opens the door for hackers/thieves, because they are also part of the team.

Whenever a new company pops up, they just think of their profit, but never thinks for enough security for their business.
They never want to learn from previous incidents and don't want to take precautions in advance.

I assumed that the balance were in a hot wallet, if it is true then why the hell they kept such a big amount in hot wallet instead of cold wallet?

Angry

Fire Rabbit

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Can't believe that nicehash got hacked. Sorry for the people who lost their coins. But I really don't think its a hack. My sixth sense is telling me that someone from inside the firm is responsible for this hack. Anyways this reminds me the hashocean scam. One fine morning Hashocean just took the money and went offline. Till this date no one knows who was behind it and what happened to our coins.

pixie85

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Quote from: warningsigns on December 09, 2017, 09:57:12 PM

It must be an internally perpetrated theft. How exactly can a hacker hack into and steal that many bitcoins with all the sophisticated security protocols in place? It's not like the wallet with that many bitcoins was unprotected and had no complex passwords to crack. And exchanges usually have multiple authentication and approval systems, such as multiple persons required to input their own passwords to jointly authenticate a transaction. Like the BitGo multisig system.

That's an enormous amount of money lost. If really stolen, then the thieves can look forward to a very very very merry Christmas indeed.

Them cloud mining operators are morons. Do you know how many of these scam sites have been around since 2013? And how many have survived till this day?
It was probably a scam from the start and they chose to end it with a hack. It's getting harder to hide coins though so it's going to be difficult to profit from this.

If it were a real hack it would mean they had all their money in a hot wallet. Really smart!

swogerino

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Quote from: Darooghe on December 10, 2017, 03:11:12 PM

Quote from: B!t_Kong on December 07, 2017, 03:56:49 PM

This is the address where they believe they ended up:
https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

More likely this address belong to one or two co-founders of nice hash. their engineer was a bait. they used his login for stealing the money! the money will not spend very soon. maybe the owners will spend it after 10 years.

It can be so and I used to firmly believe so but the fact that they are replying and are posting very fast updates on twitter made me think that this maybe a real hack and not an inside job. Anyway 10 years is a big amount of time , I think the hackers/thieves who did this will wait only a few months once the waters are calmed and easily spend the money there and enjoy their way too early retirement like everybody is commenting on Nicehash facebook page.

Darooghe

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Quote from: B!t_Kong on December 07, 2017, 03:56:49 PM

This is the address where they believe they ended up:
https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

More likely this address belong to one or two co-founders of nice hash. their engineer was a bait. they used his login for stealing the money! the money will not spend very soon. maybe the owners will spend it after 10 years.

bill gator

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Quote from: B!t_Kong on December 07, 2017, 03:56:49 PM

Total amount of Bitcoins stolen from Nice Hash is 4736, or just over $62 million.

But that was yesterday it's over 75 millions now.

Official Statement by NiceHash:
https://www.reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/

This is the address where they believe they ended up:
https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

This sort of thing happens time and time again whenever new bitcoin "companies" pop up a certain amount of them have malicious intentions to either exit scam, or they just simply don't put enough money or time on their security and seriously regret it. It used to happen on TOR and onion sites regularly, snatch a bunch of coin and then disappear.

Some people and companies just can't help themselves, but be short-sighted and when they see their business model lose it's glisten they strike viciously. I'm not even impressed or shocked by this, because it's honestly not even that huge of an attack, of course it's a ton of money, but we've seen big exchanges and services go down the same way many times.

~Bitcoin~

legendary

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https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

Quote

Balance: 4,736.43085383 BTC
73,565,726.62 USD

Hacker might wait for next few years and than only exchange those bitcoin, total price of those hacked bitcoin has already increased to $73million+ in last 3 days. Grin

Nicehash official statement is just a piece of shit, they haven't securely stored their user's bitcoin which is unprofessional.

Fidemoga

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Quote from: Murloc on December 09, 2017, 10:02:55 PM

They haven't gave any official announcement saying that the funds were stolen. The all in their website (the same as in reddit) say that they only stop their service for 24h. And whose that address that you gave? It doesn't prove any facr of stealing funds from users.

They gave a statement here:
https://www.nicehash.com/news/201
Didn't they secure the funds in cold wallets? I hope the best for nicehash and their users, that hackers will br catched and funds go back to owners.

TyrellWellick

newbie

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Quote from: SJBPEEP on December 07, 2017, 05:15:58 PM

$62 Million In Bitcoin Stolen from Largest Crypto-Mining Exchange..... Shocked

OMG that's the big problem to all investors who are trading to that cryptoming-exchange...

I know right? hot damn. It's a big hole in their company. Having those zeros missing. Lips sealed

SHAWN-MIDWAYS

hero member

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With Nicehash currently down does this take away the available miners that would have contributed in the mining of bitcoin?

As far as investigations are concerned Reuters says attackers might not have being from the EU region and attack was carried out by using the credentials of a NiceHash engineer https://www.reuters.com/article/us-cyber-nicehash/nicehash-says-attacked-probably-from-non-eu-ip-address-idUSKBN1E21Q7

Murloc

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They haven't gave any official announcement saying that the funds were stolen. The all in their website (the same as in reddit) say that they only stop their service for 24h. And whose that address that you gave? It doesn't prove any facr of stealing funds from users.

warningsigns

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Activity: 896

Merit: 1082

It must be an internally perpetrated theft. How exactly can a hacker hack into and steal that many bitcoins with all the sophisticated security protocols in place? It's not like the wallet with that many bitcoins was unprotected and had no complex passwords to crack. And exchanges usually have multiple authentication and approval systems, such as multiple persons required to input their own passwords to jointly authenticate a transaction. Like the BitGo multisig system.

That's an enormous amount of money lost. If really stolen, then the thieves can look forward to a very very very merry Christmas indeed.

Fbo62

newbie

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sheesh, this is major Shocked

big loss

SJBPEEP

newbie

Activity: 15

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$62 Million In Bitcoin Stolen from Largest Crypto-Mining Exchange..... Shocked

OMG that's the big problem to all investors who are trading to that cryptoming-exchange...

B!t_Kong

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Total amount of Bitcoins stolen from Nice Hash is 4736, or just over $62 million.

But that was yesterday it's over 75 millions now.

Official Statement by NiceHash:
https://www.reddit.com/r/NiceHash/comments/7i0s6o/official_press_release_statement_by_nicehash/

This is the address where they believe they ended up:
https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq

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