NiceHash Resumes Operations Post-Hack

According to CryptoVest, crypto-mining marketplace NiceHash is gearing up to make a complete comeback following a hacking incident earlier this month, and has assured users that it will recompense all stolen funds.

The Slovenia-based cloud mining service fell prey to a cyber-attack on December 6, during which 4,700 BTC were stolen from its payment system – Bitcoin was trading at around $14,000 then, which meant the theft amounted to more than $64 million. At the time, the company claimed the breach was “a highly professional attack with sophisticated social engineering”, and that NiceHash would be collaborating with local authorities to investigate the matter.

The latest development in the case sees the company reinstating its services. A letter, signed by NiceHash marketing director Andrej P. Škraba, was recently emailed to customers, assuring them that NiceHash is working on getting the service up and running again, and fully intends to restore users’ balances.

“Despite the unfortunate event, we are letting you know that our service will be resumed today and your money will be paid back.”

According to the letter, the balances of sellers or buyers of processing capacity will be restored by January 31, 2018. Škraba also revealed that NiceHash had succeeded in reserving funds needed to reimburse balances with the aid of a group of international investors, and that the company was currently involved in the settlement of legal issues. Urging users to be patient, the letter went on to state:

“We are truly sorry for any inconvenience that the hack may have caused. We hope you will want to continue to invest your money and your faith in the world’s largest crypto-mining marketplace.”

An update was also shared on the company’s Twitter page shortly after the letter was sent out, announcing that NiceHash was back online, although some minor issues were still being ironed out.

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Written by Brad Chillum

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