NiceHash robbed, now changing its CEO

Marcelina ŁukaszewiczWritten by | bitcoin, cryptocurrency mining, News

NiceHash robbed, now changing its CEO
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The funds from NiceHash – mining service have been stolen at the beginning of December. The digital money has been moved to the unknown Bitcoin address.

NiceHash is a marketplace where you can rent hash power to crypto-mining. As you can read on their site: “It is based on the concept of a sharing economy by connecting sellers and buyers of computing power from all over the world.” It’s not a traditional mining pool. If you would like to know what mining is really about, you can read our article.

Apparently in December 2017 over $60 mln in cryptocurrencies have been stolen from users. The exact amount in BTC was almost 4,000 coins. The company has released a press notice on reddit:

“Unfortunately, there has been a security breach involving NiceHash website. We are currently investigating the nature of the incident and, as a result, we are stopping all operations for the next 24 hours. Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen. We are working to verify the precise number of BTC taken. Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days. 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.”

NiceHash also announced that it will try to resume operations saying on reddit:

“We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity…”

On December 22th, NiceHash relaunched its site. But they took a bigger step to avoid this kind of situation in the future. They have decided to change the CEO. Original CEO Marko Kobal has admitted it himself on his LinkedIn:

“As you are aware, since the recent security breach we at NiceHash have been working round the clock to rebuild our internal systems as well as management structure. I shall now stand aside and allow new management to lead the organization through its next, exciting period of growth – therefore I decided to resign as CEO of NiceHash.”

Last modified: January 8, 2018

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