NiceHash Mining Pool Was Hacked - Coindoo

NiceHash Mining Pool Was Hacked

Editorial Team Avatar
Dec 7, 2017
2 min reading time

Did really NiceHash Mining Pool stole 60M dollars from its miners, as some of them are insinuating?

NiceHash is the largest Crypto-Mining Marketplace. Yesterday, on 6 December 2017, there was an unpleasant situation for every miner that was using this platform.

NiceHash’s website was temporarily closed to solve the situation. The operators encourage us that “It should be back shortly”. They also stated on their twitter page – NiceHashMining – that they are sorry about all the inconvenience and are doing their best to resolve the issues as soon as possible.

In an official press release, NiceHash announced that the platform was hacked by villains. As they say, 4449 BTC were stolen. Today, December 7, the current price for 1BTC reached $ 15,000, so everyone can figure out the damages. However, they express their regret through an Official press release statement by NiceHash, on Reddit: “We would not exist without our devoted buyers and miners all around the globe.”

Is it an intentional theft or just a compromised system?

Users have different opinions. They think it’s because of the huge amount of money. The forums exploded when the miners could not log in on their platform to see the balance account.

Even though NiceHash apologized, some of its users still have a lot of questions. The organization recommends them to be patient, and assures them that they are investigating the situation and are trying to fix it. They try to determine the amount lost by each person, and, in the meantime, their payment system remains blocked as well as the log in to their platform.

But why would someone compromise this specific website? Does this mean that miners’ amount of money isn’t safe? One thing is certain, NiceHash needs to resolve this problem and improve their security.

What do you think about NiceHash’s broken system? Would you risk using their services considering what happened?

* The information in this article and the links provided are for general information purposes only and should not constitute any financial or investment advice. We advise you to do your own research or consult a professional before making financial decisions. Please acknowledge that we are not responsible for any loss caused by any information present on this website.
Press Releases