Crypto mining platform NiceHash is back online after hackers stole ‎about $60 million worth of bitcoin earlier this month.‎

Following the theft, the NiceHash team has been ‎working tirelessly towards bringing the platform back to service in ‎a secure and controlled manner. The company has finalized the ‎accounting of losses incurred and are currently coordinating ‎strategic plans for compensating customers. ‎

As of the latest announcement, the Slovenian site’s services, which match those ‎with spare computing power to miners wanting to generate fresh cryptocurrenies, have been ‎resumed. However, NiceHash intends to come online with limited ‎platform functionality as it will likely take some time for the service to resume to pre-hack ‎capacity. ‎

Additional announcements will be made ‎as the startup progressively enables more platform features and return to ‎full operations. It added that every resource is being leveraged to make that happen soon, but it needs to be done in a way ‎in which all assets are secure and immune from vulnerabilities.‎

NiceHash ‎disclosed in earlier announcements that it’s looking ‎to reimburse users for the entire $60 ‎million of cryptocurrency that was lost. It has started emailing ‎all affected parties, and the messages are slowly arriving ـــ  but ‎again it confirmed the stolen balances will be paid back to its ‎owners to the last penny by next month.‎

Miners have to keep mining if they want their bitcoins back

Andrej Skraba, CMO at NiceHash, further explained:

We are happy to announce we have been able to reserve the funds ‎required to restore balances from a group of international investors. ‎Old balances will therefore be restored by January 31, 2018. We need ‎this interim period to ensure all legal paperwork is processed ‎correctly, so please be patient while we do this.‎

Please be aware that when we resume the service, it will be apparent ‎that your wallet has 0 value as a result of the hack, although you will ‎also see your old balance on the new dashboard.‎

It will be interesting to see if the service provided by Nicehash, renting and ‎buying hashrate at the users’ desire, will find traction again. But the lack of better ‎alternatives may not leave buyers and sellers of hashing power a lot of ‎choice, as evident on all the social media platforms.‎

NiceHash had almost 4,736.42 BTC bitcoins stolen by ‎hackers on December 6, the latest incident to highlight risks that ‎uneven oversight and security pose to booming crypto‎currencies. Hackers have carried out a heist on ‎the platform that describes itself as the largest ‎marketplace for mining digital ‎currencies, ‎making off with bitcoins worth more than $64 ‎million.‎

Though the team didn’t disclose many details about the attack on its payment ‎system, NiceHash advised users to change online passwords after it ‎halted operations.