Seventh-Largest Bitcoin Mining Pool Reports $3 Million Cyberattack

Bitcoin mining pool has reported a December 3 cyberattack, which led to the theft of $3m in crypto assets.

The Seventh-Largest Bitcoin Mining Pool, Reports a $3 Million Cyberattack

Bitcoin mining pool and blockchain browser reported a cyberattack earlier this month in which the attackers made away with $3 million in customer and company assets. Suffers $3 Million Hack

In a December 26th announcement, the seventh largest BTC mining pool,, revealed that it was exploited on December 3rd, with attackers stealing around $700,000 in customer assets and $2.3 million in company assets.

Sponsored reported the incident to the Shenzhen law enforcement authorities in China, which began investigations last week. The law enforcement authority also coordinates with relevant agencies to resolve the case.

As per the press release, some of the assets stolen in the exploit have already been recovered. The mining pool also notes that “client fund services are unaffected” as it continues to run its mining pool services.

The Growing Threat of Cyberattacks on the Crypto Industry is at the receiving end of a growing number of sophisticated crypto cyberattacks. Adam Levin, a cyber security expert, believes the trend could continue as hackers use “increasingly sophisticated software created by threat actors.”

To cope with the growing sophistication of crypto attacks, the mining pool has deployed new technology to “better block and intercept hackers.” The company will also “devote considerable efforts to recover the stolen digital assets.”

On the Flipside

  • In addition to reporting the incident more than three weeks after it happened, did not reveal specific details regarding the attack.

Why You Should Care

Cyberattacks continue to prove a significant problem that the crypto industry must overcome in 2023.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia