60% of hacked Bitcoins returned, reports Nicehash 21851
News
Aakash Athawasya
Aug 28, 2018 at 4:15 PM

Nicehash, the largest Crypto-Mining Marketplace has returned 60% of Bitcoins that were hacked into and stolen last December. Following the attack, the Slovenian-based mining company vowed to its customers that they will be fully reimbursed as the police investigation continues.

In total, about 4,700 bitcoins (BTC) were stolen last year, as per the STA. Bitcoin prices surged in December 2017 to its highest levels and they were valued at almost $20,000 USD when Nicehash fell victim to the cyber-attack, currently valued at $6,923 USD.

The hack took place on the 6th of December, following which the website was taken down and the officials announced on a Reddit post, “Our payment system was compromised, and the contents of the Nicehash bitcoin wallet have been stolen.” Two weeks after the announcement, the platform was back online and promised to fully reimburse the customers. Nicehash is adhering to the same on a monthly basis.

Criminal investigations are in motion, the Slovenian press agency citing the officials of the Ljubljana Police Department. The STA quoted the police department saying, “Information gathering and other activities are still underway and carried out with the help of international legal collaboration.”

This type of investigation is often times very lengthy and tedious, as the hackers are likely foreign players, based in different countries and using a multitude of techniques to hide their names and conceal their identity, as stated by Total Slovenia News.

Nicehash, founded in the year 2014 by Marko Kobal and Matjaž Škorjanc, is currently headquartered in Ljubljana. It is a cloud mining marketplace connecting buyers and sellers of hashing power. The buyers rent computing power through the online platform to mine bitcoin core (BTC), while the mining software is run by the sellers connecting their hardware to the servers.

See also: ZenCash [ZEN] latest ALT coin suffers 51% double-spend hack

See also: Twitter account of Tesla CEO, Elon Must hacked! Promises 'Free' Cryptocurrency

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