Cryptocurrency Miner NiceHash Hacked - $62 Million in Bitcoins Gone

UPDATE 1-Hackers steal $64 mln from cryptocurrency firm NiceHash

NiceHash executive Andrej P. Škraba told Reuters that his firm was the victim of "a highly professional" heist that yielded about 4,700 bitcoin, worth around $64 million.

While not confirmed in any way to be related to the Bitcoin theft, information has surfaced on Reddit through user /u/YadaBadaDoo that NiceHash's founder and CTO, Matjaz Skorjanc, is himself a convicted criminal, having been convicted in 2013 of having created the Mariposa botnet, assisting others in "wrongdoings" and money laundering.

Kobal said they have notified all major exchanges and mining pools about the breach to help them track the stolen funds. Sellers of hashpower find it convenient because they don't have to spend as much time finding the most profitable coins to mine. Since then the Bitcoin price has continued to rise, so the transaction (to whoever has the Bitcoin) is now worth US$62,092,450.26) at the time of writing.

The first reports on Twitter, Reddit, and BitcoinTalk have miners anxious as it seems NiceHash has been hacked or is at least going through some odd maintenance period.

WikiTribune has been in contact with NiceHash, which said that it is "assessing the situation and working with the authorities. We'll have a public statement shortly". This approach puts the responsibility fairly on your shoulders, which is exactly why using an online provider was an inviting prospect for many.

In IIT Delhi placements, 500 hired in first 5 days
The first phase of placement season has started on December 1. "Phase Two will commence from January 2018", the official said. A few students opted for the deferred placement options available to students interested in pursuing their start-up dreams.

Clarence native suing retired National Football League star for sexual harassment
She frequently travelled with Moon for speaking engagements, charity events and other meetings, according to the lawsuit. The employee, Wendy Haskell, told The Washington Post through an attorney that she wishes to have her name made public.

USC's Hayden Hurst declaring for NFL Draft
At 6-foot-5 and 250 pounds, Hurst has the size and versatility that many National Football League teams look for in the position. The tight end will play his final game for the Gamecocks on New Year's Day in their Outback Bowl match up against MI .

"Either I got hacked or something is up", Callesen wrote.

250,000 miners use the NiceHash platform, and Kobal said miners have made over $1 billion to date.

I tried to see how broken the service was, so I filed a bug report, which ultimately would email NiceHash, as expected, that also failed.

Bitcoin, the world's biggest and best-known cryptocurrency, has climbed more than 15-fold since the start of the year. The marketplace attack was a private company with large amounts of BTC to its disposal, similar to any other large company being attacked, but the system of bitcoin remains intact.

Related:

  • EU Commission sets Sunday deadline after 'no white smoke' on Brexit deal

    EU Commission sets Sunday deadline after 'no white smoke' on Brexit deal

    At the summit, European leaders will decide whether enough progress has been made in the negotiations so far to open trade talks. European Council president Donald Tusk is due to make a statement early on Friday morning - in which he could announce a deal.
    Ulta Beauty (ULTA) Given a $300.00 Price Target at Loop Capital

    Ulta Beauty (ULTA) Given a $300.00 Price Target at Loop Capital

    The Washington-based Rainier Invest Lc has invested 0.59% in Ulta Beauty, Inc. 129 funds opened positions while 634 raised stakes. Alecta Pensionsforsakring Omsesidigt purchased a new position in shares of Ulta Beauty in the 3rd quarter valued at $83,642,000.
    Haniyeh Says Peace Process

    Haniyeh Says Peace Process "Buried Forever", Calls for New Intifada

    Bush and Barack Obama opted not to implement the law by consistently claiming the presidential waiver on national security interests.
  • Men jailed over Lynette Daley rape, death on remote NSW beach

    Men jailed over Lynette Daley rape, death on remote NSW beach

    In response, the DPP issued a statement attempting to explain their decisions and apologising for them. Attwater in April 2011 was charged with manslaughter and Maris was charged with being an accessory.

    Keysight Technologies Inc. (NASDAQ:KEYS) To Report Earnings

    Shares of Keysight Technologies Inc. (KEYS) shows a double top with $44.64 target or 5.00 % above today's $42.51 share price. Legal & General Group Plc acquired 39,617 shares as Keysight Technologies Inc (KEYS)'s stock declined 1.13%. (NYSE:KEYS).

    Analyst Recommendations for: T-Mobile US, Inc. (TMUS)

    BidaskClub cut shares of T-Mobile US from a "sell" rating to a "strong sell" rating in a report on Thursday, November 9th. When investing in a volatile security, the risk of success is increased just as much as the risk of failure.
  • NVIDIA announces TITAN V: 12GB HBM2, priced at $2999

    NVIDIA announces TITAN V: 12GB HBM2, priced at $2999

    Its new combined L1 data cache and shared memory unit significantly improve performance while also simplifying programming. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge.

    Sprint Corporation (S) on Focus After Trading At 52-Week Lows

    Lombard Odier Asset Mgmt (Europe) Ltd reported 13,563 shares or 0.01% of all its holdings. (NYSE:NOW) or 4,700 shares. Moreover, Stifel Financial Corporation has 0.01% invested in Sprint Corporation (NYSE:S) for 165,558 shares.
    London mayor Sadiq Khan pays visit to Quaid's mausoleum

    London mayor Sadiq Khan pays visit to Quaid's mausoleum

    Talking to media on the occasion, he said Pakistani-British men and women had made great contributions in making London the greatest city in the world.
  • S&P 500 inches higher, heads for first gain in 5 days

    Merck rose 1.2 percent after the New England Journal of Medicine published positive results from a trial of one of its drugs. Stocks are closing higher on Wall Street, breaking a four-day losing streak for the Standard & Poor's 500 index.
    India assures its stand on Palestine is 'independent'

    India assures its stand on Palestine is 'independent'

    With Wednesday's announcement by Trump, the USA became the first country to recognise Israel's sovereignty over entire Jerusalem. The statement however did not specifically address the issue of Jerusalem as the USA -recognised capital of Israel.
    Big Sean and Metro Boomin's Collab Project 'Double or Nothing' Has Arrived

    Big Sean and Metro Boomin's Collab Project 'Double or Nothing' Has Arrived

    The project was only announced last week and earlier this week, Big Sean revealed that it will be hear on Thursday at midnight. Although it is a Sean Don and Metro operation, the newfound duo isn't closing its doors on famous friends.

Comments

Latest news

Paramount Sets 2019 Release For 'Pet Sematary' & 'Instant Family'
They've set a release date of April 19, 2019, which means things should start happening on the casting front very soon. Pic's release date is during Easter weekend, and it will be up against Open Road's Playmobil .

B-1B bomber joins US-South Korea drills as tensions escalate
The Chinese Ministry of Foreign Affairs on Wednesday expressed concerns over the continued deployment of USA strategic assets. By now, we all know that North Korea's been hard at work dong what they do best: Launching test missiles and fiery rhetoric.

Sinclair Broadcast Group (NASDAQ:SBGI) Earns Media Impact Rating of 0.05
It is positive, as 38 investors sold SBGI shares while 50 reduced holdings. 57 funds opened positions while 82 raised stakes. The company reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.13).

(NYSE:STI) Shares Sold by Investec Asset Management LTD
COPYRIGHT VIOLATION WARNING: This news story was originally published by Dispatch Tribunal and is owned by of Dispatch Tribunal. In order to know the value of a stock, there is need to compare its current price to its likely trading price in the future.

Stock's Stunning Activities: Xunlei Limited (NASDAQ:XNET)
A company that manages their assets well will have a high return, while if manages their assets poorly will have a low return. Outperform is an analyst recommendation which means that a stock is expected to do slightly better than the market return.

Bank of New York Mellon Corp Acquires 2985846 Shares of TherapeuticsMD, Inc. (NASDAQ:TXMD)
The stock of The Bank of New York Mellon Corporation (NYSE:BK) has "Buy" rating given on Tuesday, January 26 by Deutsche Bank. New England Research & Management Inc. acquired a new stake in Bank Of New York Mellon during the 2nd quarter worth $337,000.

Adrian Peterson (neck) won't practice Wednesday for Cardinals
The Arizona Cardinals saw their postseason chances nearly completely disappear with a 32-16 loss to the Los Angeles Rams at home. Arizona Cardinals running back Adrian Peterson will not practice Wednesday, according to TitansOnline.com's Jim Wyatt.

MMDA to implement exclusive EDSA carpool lane on a trial basis
This dry run will run the course of one week along the entire stretch of EDSA. This scheme sees the leftmost lane serving as the HOV lane.

The Laboratory mode coming to Total War: Warhammer II next week
The Laboratory's numerous sliders allow multiple game variables to be tweaked, pushing battles in new directions. Total War: Warhammer II will offer hundreds of hours of immersive gameplay in this epic new campaign.

House Ethics Committee Opens Probes Into Franks, Farenthold
In his response to Greene's complaint, Farenthold alleged that she was sacked for "poor performance". Farenthold subsequently said he was taking out a personal loan to cover the settlement's costs.

Taco Bell to add 20 items to $1 menu in 2018
While Taco Bell's "Dolllar Cravings" menu has been around for three years, the chain plans to add 20 new items to the 11 now on it throughout 2018.

Hope Solo running for US Soccer president
Soccer when playing for the U.S. women's national team, is now trying to lead the entire federation. Soccer needs to do, I know exactly how to do it, and I possess the fortitude to get it done".

[TGA 2017] Svelato il trailer di World War Z
I Game Awards 2017 regalano agli appassionati di videogiochi un nuovo, disturbante trailer per Death Stranding . Lo aspettavamo con impazienza e finalmente è arrivato, ecco il nuovo trailer di Death Stranding .

New Dark Fantasy Game Witchfire Coming From Vanishing of Ethan Carter developer
You've got your insane monsters with glowing eyes, your high-powered weapons and your attractive wastelands. The announcement didn't reveal which systems Witchfire is in development for or a release window.

A Way Out release date set
A Way Out trailer was revealed tonight, preceded by a hilarious and profanity laden rant by designer, Josef Fare. When A Way Out finally got its time to shine, the trailer gave a better look at the dynamic gameplay.

Other news