BTC, which is among the biggest crypto mining firms in the world, stated that it had been the victim of a hack that led to the theft of nearly $3 million in crypto assets owned by both clients and the organization.
BTC.com is the victim of a $3 million hack
BTC.com, the seventh biggest BTC mining pool, disclosed on December 26th that it was attacked on December 3rd, with attackers obtaining around $700,000 in user funds and $2.3 million in corporate assets.
BTC.com disclosed the occurrence to Chinese law enforcement officials in Shenzhen, who launched a probe last week. The law enforcement agency also works with other authorities to resolve the matter.
According to the news announcement, some of the assets taken from within the BTC.com hack have all been retrieved. The mining pool further states that “customer asset services are unharmed” as it keeps operating its mining pool operations.
Bit Mining Company owns the mining gadget maker Bee Computing and maintains currency minting facilities in addition to the top-10 mining pool that offers mining operations for Ethereum (ETH), Litecoin (LTC), and Bitcoin (BTC).
Bit Mining has tried to extend its operations in Kazakhstan, which was a key crypto mining hotspot after the Chinese government tightened down on the business in the spring of 2021. The company reported in August that it had received a $9.3 million authorized direct offering from organizational investors.
There is no information about stolen data.
BTC.com also stated that it has taken precautions to prevent identical hacks in the long run and that its transactions have not been harmed.
“Since identifying this incident, the Company has introduced technologies to better stop and intercept hackers,” it stated.
“BTC.com is presently conducting normal business as usual, and aside from its virtual currency operations, its customers’ funds services remain unaffected. When BleepingComputer asked for additional information about the cyberattack, a BTC.com representative was not promptly available to respond.
There is yet no news on how the hackers obtained the cryptocurrency or whether any private data or private information was compromised as a result of the incident.
BTC.com is a website and cryptocurrency wallet provider that offers a suite of tools and services for managing and storing bitcoin. The company was founded in 2015 and is headquartered in China.
BTC.com offers a range of features for bitcoin users, including a wallet that allows users to store, send, and receive bitcoin, as well as a suite of tools for managing and tracking bitcoin transactions. The company also offers a mining pool, which allows users to pool their resources and work together to mine bitcoin, as well as a block explorer, which allows users to search for and view details about specific bitcoin transactions
Ken Emmanuel is a Blockchain Content writer, a Web3 Enthusiast and a Social Media Management Strategist, he likes writing educative contents to help people gain more knowledge and get inspired. The growth of any organization he work with is always his priority. He is a Geographer by profession and loves reading.