NiceHash Returns 60% of Stolen Bitcoins, Now Worth 70% Less

By , 27 Aug 2018, 11:33 AM Business
The NiceHash logo and change in price of bitcoin since December 6, 2017 The NiceHash logo and change in price of bitcoin since December 6, 2017

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STA, 27 August 2018 - The Slovenian-based bitcoin-mining marketplace NiceHash has so far managed to reimburse its clients 60% of some 4,700 bitcoins stolen in a hack last December, which at the time were worth some EUR 56m. 

However, while the bitcoin was worth around a record 20,000 US dollars in December 2017, when NiceHash was hacked, its price has dropped to 6,000-7,000 US dollars.

NiceHash was hacked on 6 December (as reported here), but the company was back online two weeks after the attack, pledging to fully reimburse its clients. The reimbursements are being made on a monthly basis.

The police investigation into the cyberattack is still ongoing, the Ljubljana Police Department told the STA.

Such investigations are among the most demanding ones and thus quite lengthy, as hackers are often from abroad and act from different parts of the world, using a number of ways to conceal their identity.

"Information gathering and other activity are still under way and carried out with the help of international legal collaboration," the police said in a press release.

Previously: Former CEO Pulls Out of NiceHash

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