NiceHash is a digital medium of exchange marketplace which is able to extract data and match different users to be able to sell their processing time on their computers for miners to verify bitcoin users transactions in exchange for bitcoin.
NiceHash were forced to stop Trading on Thursday while the breach was interrogated. They have stated that they are in contact with law enforcement to help extinguish this problem as “a matter of urgency”, whilst communicating with its users to change their details such as passwords on their accounts.
The hack was labelled as “a highly professional attack with sophisticated social engineering” which caused damage of approximately 4,700 Bitcoin being taken. Head of Marketing Andrej P Škraba has said that this was worth at the current price of around $63.92m.
Many users posting on social media networks and commenting on NiceHash social media accounts show an array of complaints and frustration which in turn drew attention to this problem.
NiceHash uploaded a statement explaining “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.”
Major Bitcoin monitor Coindesk have results showing that bitcoin has increased in value of more than $14,668, a profit of around $2,000 (1,494) of value in one day with the comparison of the value below $1,000 at the start of 2017.
Digital wallets have become a huge interest and a easy target for hackers as they have been rapidly increasing over the last year in value, thus causing for concern of online security to be tightened up for all cryptocurrency marketplaces and exchanges.