Bitcoin mining pool BTC.com reports $3M cyberattack

Major cryptocurrency mining excavation BTC.com has suffered a cyberattack resulting successful a important nonaccomplishment of funds by the institution and its customers.

BTC.com experienced a cyberattack connected Dec. 3, with attackers stealing astir $700,000 successful lawsuit assets and $2.3 cardinal successful the company’s assets, the mining pool’s genitor steadfast BIT Mining Limited officially announced connected Dec. 26.

BIT Mining and BTC.com reported the cyberattack to instrumentality enforcement authorities successful Shenzhen, China. The section authorities subsequently launched an probe into the incident, starting collecting grounds and requesting assistance from applicable agencies successful China. The section coordination has already helped BTC.com recover immoderate of the assets internally, the announcement notes.

“The institution volition give sizeable efforts to retrieve the stolen integer assets,” BIT Mining said, adding that it has besides deployed exertion to “better artifact and intercept hackers.”

Despite facing the incident, BTC.com continues moving its mining excavation services to customers, the steadfast stated:

“BTC.com is presently operating its concern arsenic usual, and isolated from its integer plus services, its lawsuit money services are unaffected.”

One of the world’s largest cryptocurrency mining pools, BTC.com provides multi-currency mining services for assorted integer assets including Bitcoin (BTC) and Litecoin (LTC). Apart from mining services, BTC.com besides operates a blockchain browser. Its genitor company, BIT Mining, is simply a publically traded steadfast listed connected the New York Stock Exchange.

Related: Bitcoin hashrate recovers aft large frost shuts down miners

BTC.com mining excavation is the seventh biggest mining excavation worldwide, accounting for 2.5% successful full mining excavation organisation implicit the past 7 days, with a hashrate of 5.80 exahashes per 2nd (EH/s), according to BTC.com data. BTC.com’s all-time Bitcoin hashrate publication accounts for much than 5% of the full BTC mining pools’ hashrate.

Bitcoin excavation organisation implicit the past 7 days. Source: BTC.com

BTC.com’s cyberattack probe successful China brings yet different crypto-related ineligible lawsuit for section authorities, which opted to enactment a blanket prohibition connected each crypto operations past year. Despite the ban, China reemerged arsenic the second-largest Bitcoin hashrate provider successful January 2022 aft concisely losing its planetary hashrate enactment successful 2021.