BUSINESS

Bitcoin: $64m Stolen In 'Sophisticated' Hack, Marketplace NiceHash Says

Dibyendu Roy Chowdhury
Author
Dibyendu Roy Chowdhury
Bitcoin: $64m Stolen In 'Sophisticated' Hack, Marketplace NiceHash Says

Nearly $64 million worth of bitcoin has been stolen by “sophisticated” hackers who broke into Slovenian-based cryptocurrency marketplace NiceHash.

The marketplace suspended operations on Thursday while co-operating with law enforcement as “a matter of urgency”. NiceHash has also urged users to change their passwords.

The hack was “a highly professional attack with sophisticated social engineering,” said NiceHash head of marketing Andrej P Škraba, adding that about 4,700 bitcoin were lost, worth about $63.92 million at current prices.

NiceHash, a digital currency marketplace, matches people seeking to sell processing time on their computers in exchange for the digital currency bitcoin.

Over the past few days, troubles with the website had panicked bitcoin owners, who took to NiceHash’s social media accounts to share their concerns and complaints.

“We understand that you will have a lot of questions, and we ask for patience and understanding while we investigate the causes and find the appropriate solutions for the future of the service,” NiceHash said in a statement.

Bitcoin is currently on a roll, surging 1,300 percent in 2017 alone and 50 percent in November. The price of the first decentralized digital currency also touched $15,000 for the first time on Thursday.

Photo credit: Getty