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NiceHash Temporarily Ceases Operations Following Security Breach

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NiceHash has temporarily ceased operations following a security breach in which a criminal gained unauthorized access to its Bitcoin wallet.

The trouble started on 6 December when users of NiceHash, a service which enables people to exchange computing resources known as hashing power to mine for Bitcoin and other cryptocurrencies, began reporting that they had been kicked offline while mining. Some even reported seeing their balances drop to zero, reports Business Insider.

Shortly thereafter, NiceHash announced that its service was undergoing maintenance.

Dear NiceHash users,we are very sorry for the inconvenience caused. Our team is working hard to resolve the issues on the service, it might take longer than expected. We'll keep you updated!— NiceHash (@NiceHashMining) December 6, 2017

It took the company less than a day to reveal that it had suffered a security breach.

At the time of publication, NiceHash’s website is still unavailable. It displays only a statement in...(continued)

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