Crypto Mining Pool Hit by $3 Million Cyberattack – Bitcoin News


A major cryptocurrency mining group has been the victim of a cyberattack, with hackers stealing digital assets worth an estimated total of $3 million. The attack occurred earlier this month, as reported by the company in a statement.

Chinese Authorities Investigate Crypto Mining Pool Hack

Bit Mining, the parent company of a major bitcoin mining pool,, was the target of a hacking attack. currently holds more than 4% of the pool distribution and accounted for over 2.5% of the total output last week.

According to the announcement released on Monday, December 26th, the attack happened on December 3rd, 2022. As a result, the company lost around $2.3 million in digital assets, as well as $700,000.000 in assets owned by its clients.

The incident was reported to the Shenzhen police in China on December 23rd. Chinese authorities have launched an investigation and are currently gathering evidence with the help of other relevant agencies. Bit Mining provided additional details:

The Company will make great efforts to recover the stolen digital assets.

The top 10 mining pool also offers mining services for bitcoin, ether, and litecoin. Bit Mining Limited, the mining device manufacturer Bee Computing, and the coin minting company are all connected with the incident. The company had also planned to expand its operations in Kazakhstan earlier this year.

The Chinese government has been taking a hard stance against the industry since the spring of 2021. Bit Mining managed to receive a registered direct offer of $9.3 million from institutional investors in August.

This story has tags

Bit Mining, Bitcoin mining,, China, chinese, Crypto, cryptomining, Cryptocurrency, Cryptocurrency, cyberattack, Hack, Hackers, hacking attack, mining, mining pool, pool, Theft

What What do you think of the cyberattack on the bitcoin mining pool? Leave Tell your thoughts in the comment section below.

Lubomir Tassev

Lubomir Tassev Are you tech-savvy? Eastern European Journalist who enjoys Hitchens’ quote: “Being a writer is who I am, more than what I do.” In In addition to crypto, fintech and blockchain, there are also international politics and economics as sources of inspiration.

Images credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This This article is only for informational purposes. It It is not an offer to buy, sell or solicitation. It does not endorse any product, company, or service. does NOT provide advice on investment, tax, legal and accounting matters. Neither The author nor the company are responsible for any loss or damage caused or alleged caused by the use or reliance of any content, goods, or services in this article.

Related articles

Recent articles