Millions potentially lost after a bitcoin mining marketplace was hacked

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Online security is a vital concern for cryptocurrency marketplaces and exchanges, with bitcoins contained within digital wallets that have increasingly become a target for hackers as the number of bitcoins stored and their value has skyrocketed over the past year.

NiceHash is a cryptocurrency mining application that matches those with spare computing to power to miners wanting to create new coins.

"We are working to verify the precise number of BTC (bitcoin) taken", the company said.

NiceHash customers frequently move the cryptocurrency they earn on NiceHash off the service and into their own digital wallets or onto a bitcoin exchange.

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The site had been down for hours for what NiceHash initially said was maintenance.

Cryptocurrency marketplace NiceHash said Wednesday that hackers stole the contents of its virtual wallet, making off with digital currency reportedly worth more $60 million.

Hackers have carried out a heist on a leading digital currency platform, making off with an unspecific amount of bitcoin.

Apparently, NiceHash's payment system was compromised and unfortunately, its Bitcoin wallet was raided. The speculation fuelled by the fact that the majority owner of NiceHash is a company named H-Bit, owned by Martin Skorjanc, the father of Matjaz Skorjanc, convicted author of the Mariposa bot.

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While the NiceHash operators seem honest with their statement, those words ring hollow for users that lost their accumulated BTC.

The statement said, "Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days". We are fully committed to restoring the NiceHash service with the highest security measures at the earliest opportunity.

NiceHash advised users to change online passwords, saying it was still trying to understand what had happened during the incident. We will endeavour to update you at regular intervals. "We are truly sorry for any inconvenience that this may have caused and are committing every resource towards solving this issue as soon as possible", the statement added.

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