Bitcoin Mining Pool Btc.com Suffers $3 Million Cyberattack – According to a press statement, a subsidiary of the coin minting corporation Bit Mining has been the subject of a cyber attack. The affected entity is a large bitcoin mining pool, Btc.com, which accounted for approximately 2.5% of the pool’s distribution in the preceding week and has an annual share surpassing 4%.
According to the statement made on Monday, December 26th, the platform was compromised on December 3, 2022. As a result, digital assets valued at $2.3 million belonging to the company and $700,000 belonging to its clients were stolen. The cyberattack was reported to Shenzhen, China law authorities on December 23. The Chinese government has initiated an inquiry into the event and is collecting evidence with the assistance of relevant agencies, Bit Mining explained, adding: “The company will devote considerable efforts to recover the stolen digital assets.”
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The mining company stated that a portion of Btc.com’s crypto assets have been secured. It also noted that after finding the intrusion, it implemented technology aimed to better block and intercept hackers, assuring: “Btc.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected.”
Besides the top-10 mining pool, which provides mining services for bitcoin (BTC), ether (ETH), and litecoin (LTC), Bit Mining Limited also owns the mining device manufacturer Bee Computing and operates coin minting facilities. Since the Chinese government began cracking down on the business in the spring of 2021, Bit Mining has endeavored to extend its operations in Kazakhstan, which has emerged as a key crypto mining hub. In August of this year, the company stated it had raised $9.3 million from institutional investors through a registered direct offering.
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