Nicehash Loses $70m Worth of Bitcoin Due to Security Breach

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Cryptocurrency and related activities have attracted the attention of many cybercriminals. In most cases, these criminals go after exchange users or online wallet services. However, they will target any other service which stores Bitcoin balances at some point. In the case of Nicehash, a security breach took place this week, and its Bitcoin wallet has been emptied. This is another major blow for the Bitcoin ecosystem as a whole.

Nicehash Hack is a Major Setback
Most cryptocurrency users will have come across the Nicehash platform at some point. It was one of the first public marketplaces where anyone could buy and sell their excess mining capacity for any cryptocurrency. These marketplaces have become quite popular in recent years, as most people don’t have the space to mine cryptocurrencies at home. Companies such as Nicehash specialize in connecting buyers and sellers in this regard.

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