BITCOIN HACKED FROM NICEHASH COMPANY LATEST TECH NEWS IN

Although not the same sort of the business, one possible model NiceHash could explore is issuing tokens tied to either the stolen bitcoin or equity in the company that can be traded and later cashed in should the funds be recovered. This was the path taken by bitcoin coin exchange Bitfinex after it was hacked in August 2016. The company subsequently issued tradable equity-tied tokens to customers affected by the hack as compensation for their loss.

BITCOIN HACKED FROM NICEHASH COMPANY LATEST TECH NEWS IN

Nicehash, the cloud mining service that got hacked in December, has returned 60 percent of the stolen bitcoins, according to local media. After the cyberattack last year, the Slovenian company promised to fully reimburse its customers and has been doing it on a monthly basis. The police investigation into the case is still ongoing.

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More recently, in December 2017, crypto-mining marketplace NiceHash reported to The Wall Street Journal that approximately 4,700 bitcoin had been stolen, with a nominal value of around $70 million at the time. The company wound up halting operations for about 24 hours after the coins were taken from a bitcoin wallet.