Bitcoin mining pool suffers cyber attack and $700,000 stolen

Cybercrimes are increasing in number and complexity. The latest on the receiving end was the Bitcoin mining pool,, which announced it had suffered a cyberattack on December 3.

The perpetrators recovered some of the $700,000 worth of digital assets owned by customers and about $2.3 million worth of assets owned by its parent company, BIT Mining Limited.

  • According to the official press release, the incident has been reported to law enforcement authorities in Shenzhen, China. Some of the stolen assets have already been recovered.
  • The authorities launched an investigation last week that began gathering evidence and requested further assistance from BIT Mining and coordination with the relevant authorities.

“Following the discovery of this cyberattack, the company implemented technology to better prevent and intercept hackers. is currently operating as usual, and its customer funds services are unaffected apart from digital asset services.

  • Specific details of the attack vector have not been disclosed yet.
  • Cryptocurrency cybercrime can take many forms, including get-rich-quick schemes, fake airdrops, social media giveaways, impersonations of genuine cryptocurrency exchanges and platforms, as well as other fraudulent activities that use digital assets as bait.
  • Hackers targeted the multi-chain bridge BSC Token Hub – the blockchain associated with Binance in October this year and made $570 million.
  • Recently, the DeFi Defrost Finance protocol was drained of $12 million, an attack that many suspected was a rug.
  • BitKeep wallet has been hacked for the second time this year. The latest attack saw scammers steal $8 million worth of Binance Coin, Ether, Tether, and DAI.

Bitcoin Mining Pool comes under cyberattack, stolen $700,000 first appears on CryptoPotato.

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