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, Btc.com, was the target of a hacking attack. Btc.com 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.
What What do you think of the cyberattack on the bitcoin mining pool? Leave Btc.com? Tell your thoughts in the comment section below.
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