Crypto mining platform NiceHash is back online after hackers stole \u200eabout $60 million worth of bitcoin earlier this month.\u200e<\/p>\n
Following the theft, the NiceHash team has been \u200eworking tirelessly towards bringing the platform back to service in \u200ea secure and controlled manner. The company has finalized the \u200eaccounting of losses incurred and are currently coordinating \u200estrategic plans for compensating customers. \u200e<\/p>\n
As of the latest announcement, the Slovenian site\u2019s services, which match those \u200ewith spare computing power to miners wanting to generate fresh cryptocurrenies, have been \u200eresumed. However, NiceHash intends to come online with limited \u200eplatform functionality as it will likely take some time for the service to resume to pre-hack \u200ecapacity. \u200e<\/p>\n
Additional announcements will be made \u200eas the startup progressively enables more platform features and return to \u200efull operations. It added that every resource is being leveraged to make that happen soon, but it needs to be done in a way \u200ein which all assets are secure and immune from vulnerabilities.\u200e<\/p>\n
NiceHash \u200edisclosed in earlier announcements that it\u2019s looking \u200eto reimburse users for the entire $60 \u200emillion of cryptocurrency that was lost. It has started emailing \u200eall affected parties, and the messages are slowly arriving \u0640\u0640\u0640\u00a0 but \u200eagain it confirmed the stolen balances will be paid back to its \u200eowners to the last penny by next month.\u200e<\/p>\n
Andrej Skraba, CMO at NiceHash, further explained:<\/p>\n
We are happy to announce we have been able to reserve the funds \u200erequired to restore balances from a group of international investors. \u200eOld balances will therefore be restored by January 31, 2018. We need \u200ethis interim period to ensure all legal paperwork is processed \u200ecorrectly, so please be patient while we do this.\u200e<\/p>\n
Please be aware that when we resume the service, it will be apparent \u200ethat your wallet has 0 value as a result of the hack, although you will \u200ealso see your old balance on the new dashboard.\u200e<\/p><\/blockquote>\n
It will be interesting to see if the service provided by Nicehash, renting and \u200ebuying hashrate at the users\u2019 desire, will find traction again. But the lack of better \u200ealternatives may not leave buyers and sellers of hashing power a lot of \u200echoice, as evident on all the social media platforms.\u200e<\/p>\n
NiceHash had almost 4,736.42 BTC bitcoins stolen by \u200ehackers on December 6, the latest incident to highlight risks that \u200euneven oversight and security pose to booming crypto\u200ecurrencies. Hackers have carried out a heist on \u200ethe platform that describes itself as the largest \u200emarketplace for mining digital \u200ecurrencies, \u200emaking off with bitcoins worth more than $64 \u200emillion.\u200e<\/p>\n
Though the team didn\u2019t disclose many details about the attack on its payment \u200esystem, NiceHash advised users to change online passwords after it \u200ehalted operations.<\/p>\n","protected":false},"excerpt":{"rendered":"
Crypto mining platform NiceHash is back online after hackers stole \u200eabout $60 million worth of bitcoin earlier this month.\u200e Following the theft, the NiceHash team has been \u200eworking tirelessly towards bringing the platform back to service in \u200ea secure and controlled manner. The company has finalized the \u200eaccounting of losses incurred and are currently coordinating […]<\/p>\n","protected":false},"author":3,"featured_media":430,"comment_status":"open","ping_status":"open","sticky":false,"template":"single-classic-boxed.php","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/429"}],"collection":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/comments?post=429"}],"version-history":[{"count":2,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"predecessor-version":[{"id":528,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/posts\/429\/revisions\/528"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media\/430"}],"wp:attachment":[{"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/timestampmag.com\/wp-json\/wp\/v2\/tags?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}