Thursday, December 7, 2017

£52m in Bitcoin stolen after cryptocurrency exchange heist

Hackers have plundered a digital currency exchange, stealing millions of pounds worth of customers’ Bitcoin.

NiceHash, a website which offers Bitcoin in exchange for customers' computing power so it can mine other cryptocurrencies, confirmed that it had suffered a security breach. About 4,700 Bitcoins, worth about $70m (£52m) at current prices, were lost. The heist is just the latest disaster among digital wallets. Last month Parity, which is popular among startups who want to exchange their fundraising cash, froze $162m in cryptocurrency Ethereum, after a novice hacker deleted code necessary for accessing the funds. Earlier this month UK cryptocurrency startup Electroneum, which raised $40m (£30m), was hit by a cyber attack that shut investors out of their accounts.
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