BTC.com lost $3 million worth of cryptocurrency in cyberattack
BTC.com, one of the world’s largest cryptocurrency mining pools, announced it was the victim of a cyberattack that resulted in the theft of approximately $3 million worth of crypto assets belonging to both customers and the company.
According to its mining pool tracker, BTC.com is the seventh largest cryptocurrency mining pool, with 2.66% of the network’s total hashrate.
Some of the stolen assets already recovered
In a press release, BTC.com stated that around $700,000 worth of crypto owned by its clients and $2.3 million in digital assets owned by the company were stolen in the attack.
“In the cyberattack, certain digital assets were stolen, including approximately US$700,000 in asset value owned by BTC.com’s clients, and approximately US$2.3 million in asset value owned by the Company,” BTC.com revealed.
After detecting the attack on December 3rd, 2022, BTC.com reported the incident to Chinese law enforcement authorities in Shenzen.
The company has since recovered some of the stolen cryptocurrency, though it has not disclosed the amount.
“On December 23rd, 2022, the authorities had launched an investigation, began collecting evidence, and had requested assistance from and coordination with relevant agencies,” BTC.com added.
“The Company will devote considerable efforts to recover the stolen digital assets.”
No info about stolen data
BTC.com added that it has taken measures to block similar attacks in the future and that its operations have not been affected.
“In the wake of discovering this cyberattack, the Company has implemented technology to better block and intercept hackers,” the company added.
“BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected.
A BTC.com spokesperson was not immediately available for comment when contacted by BleepingComputer for more details regarding the cyberattack.
There is currently no information on how the attackers could steal the cryptocurrency or if any data or personal information was stolen during the incident.
A considerable amount of time and effort goes into maintaining this website, creating backend automation and creating new features and content for you to make actionable intelligence decisions. Everyone that supports the site helps enable new functionality.
If you like the site, please support us on Patreon using the button below
To keep up to date follow us on the below channels.
