Millions worth of Bitcoin was lost in hack on NiceHash

Over 4700 bitcoin (BTC)  has been stolen, clearly not the Friday Funday kind of vibes today in the crypto world.

Hackers have ‘professionally’ hacked into NiceHash, and went away with 4700 BTC, amounting up to US$ 76 million.

The Slovenian company, dubbed itself as the largest marketplace for mining cryptocurrency, stopped operations for a while to fix this breach.

Updates and apologies were plastered on twitter as they update their users on the situation. It went from rainbows and updating about maintenance, to a press release on its security breach. Alarmed users were posting panicked comments as the situation developed.

Via Twitter.

“Clearly, this is a matter of deep concern, and we are working hard to rectify the matter in the coming days,” stated in their press release yesterday.

“In addition to undertaking our own investigation, the incident has been reported to the relevant authorities and law enforcement, and we are co-operating with them as a matter of urgency.”

Latest update

CEO Marko Kobal and co-founder Sasa Coh appeared on a Facebook live stream to give an update on the situation.


Meeting with mixed emojis, mainly angry and love emojis, the pair stated that they became a target and someone wanted to bring them down.

According to the Verge, a hacker or a group of hackers with an IP address outside of Europe accessed NiceHash computers, obtaining a NiceHash engineer’s credentials and used them to access the payment system.

Authorities are working with NiceHash, and maybe soon enough more updates will be released.

However, bitcoin prices are not slowing down though; it is still flirting in the $16 000 zone.

With all that attention, security needs to be pumped up, if not situations like this will become the norm.

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Millions worth of Bitcoin was lost in hack on NiceHash
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Catch up with Crypto: NASDAQ, Winklevoss twins, Steam