{"id":25963,"date":"2022-12-26T20:11:46","date_gmt":"2022-12-26T20:11:46","guid":{"rendered":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/26\/btc-com-mining-pool-suffers-cyberattack-leading-to-3m-in-stolen-assets\/"},"modified":"2022-12-26T20:11:46","modified_gmt":"2022-12-26T20:11:46","slug":"btc-com-mining-pool-suffers-cyberattack-leading-to-3m-in-stolen-assets","status":"publish","type":"post","link":"https:\/\/mailinvest.blog\/index.php\/2022\/12\/26\/btc-com-mining-pool-suffers-cyberattack-leading-to-3m-in-stolen-assets\/","title":{"rendered":"BTC.com mining pool suffers cyberattack leading to $3M in stolen assets"},"content":{"rendered":"

<\/a>\n
<\/p>\n

\n

The major cryptocurrency mining pool BTC.com and its parent company BIT Mining Ltd.\u00a0today announced<\/a> that the company suffered a cyberattack on Dec. 3 that led to the loss of about $3 million in assets.<\/p>\n

During the attack, about $700,000 of customer assets were stolen from BTC.com and $2.3 million in assets owned by BIT Mining were taken by an attacker. The means of the attack have not yet been revealed by the company.<\/p>\n

According to the statement, the incident has been reported to law enforcement in Shenzhen, China. An investigation of what happened has already been launched and subsequently, some of BTC.com\u2019s assets have already been recovered.<\/p>\n

In spite of the incident, BIT Mining said in its statement that it will continue to operate BTC.com as \u201cbusiness as usual,\u201d and \u201capart from its digital asset services,\u201d its client fund services are unaffected.<\/p>\n

BTC.com is a mining pool, which allows multiple miners to combine their computational resources on a blockchain network to receive block rewards and make money. It is one of the largest cryptocurrency mining pools, providing multicurrency mining services for digital assets such as bitcoin, Litecoin and Ethereum. It is currently the seventh-largest mining pool on the bitcoin blockchain, accounting for 2.5% of the total computational power over the past seven days, according<\/a> to the company\u2019s own statistics.<\/p>\n

Apart from mining services, BTC.com also provides a blockchain browser, which is software for visualizing blocks and transactions on a blockchain network and other metrics for diagnostic or other purposes.<\/p>\n

This past year has been rife with exploits and cyberattacks against cryptocurrency companies. Within the past three months alone, the exchange BitMart lost $150 million<\/a>, the decentralized finance market Wintermute was hacked for $160 million<\/a>, the token bridge Nomad suffered a hack for $200 million<\/a> and hackers stole $570 million<\/a> from cryptocurrency exchange Binance\u2019s BNB Chain.<\/p>\n

\u201cIn the wake of discovering this cyberattack, [BIT Mining] has implemented technology to better block and intercept hackers,\u201d the company said.<\/p>\n

Image: Pixabay<\/h5>\n
\n
\n

Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Join the community that includes Amazon Web Services and Amazon.com CEO Andy Jassy, Dell Technologies founder and CEO Michael Dell, Intel CEO Pat Gelsinger and many more luminaries and experts.<\/span><\/h3>\n<\/div><\/div>\n