Cryptocurrency Mining Market NiceHash Hacked, $62 Million Gone?

Photo from NiceHash's twitter account

The team of the digital currency mining marketplace NiceHash announced in a newly released statement that it had been hacked. 

NiceHash posted on social media that “there has been a security breach involving NiceHash website” causing loss of funds. The NiceHash was established in 2014 and functions as a marketplace for miners to rent out their hash rate to potential buyers.

The announcement was released in response to a multitude of reports from users that their NiceHash-associated wallets had been emptied. NiceHash posted to its official website earlier that was under maintenance. 

The company states:

Although the team has not yet disclosed details concerning the exact amount, NiceHash users circulated a wallet address indicating that as much as 4,736.42 BTC which is equivalent to more than $62 million today has been stolen.

The NiceHash team advised users to update their online passwords as a result of the breach and subsequent theft. They wrote in a statement: “While the full scope of what happened is not yet known, we recommend, as a precaution, that you change your online passwords.”