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NiceHash hacked, tens of millions of dollars up in the air

NiceHash down, with Bitcoin held in wallets in question and all NH mining pools are down.

Published Dec 6, 2017 12:59 PM CST   |   Updated Tue, Nov 3 2020 11:53 AM CST
1 minute & 8 seconds read time

Update: NiceHash has officially announced they were indeed hacked, with all of the BTC in their wallet gone. There's over $50 million in that slush fund of Bitcoin, with NiceHash working with authorities. Lots of people are mad and rightfully so.

I might be enjoying the beautiful Maui for Qualcomm and their Snapdragon Tech Summit in Hawaii, but I woke to news from my good friend and fellow miner Keith May from WCCFTech messaging me this morning that NiceHash had possibly been hacked.

NiceHash hacked, tens of millions of dollars up in the air | TweakTown.com

The first reports on Twitter, Reddit, and BitcoinTalk have miners worried as it seems NiceHash has been hacked or is at least going through some strange maintenance period. There are some posts by people saying that NiceHash transferred all of the BTC sitting in miners' wallets into a single wallet before NH fully went down. That's not worrying.

If NiceHash were hacked, then it makes sense that the hacker pushed all of the Bitcoin into a single wallet and then transferred it to their own wallet. There's no way of getting it back if that's the case, and if that is indeed the case, there's no way NiceHash can restore money to miners' wallets. If we're talking about $50 million or more, it's going to hurt, bad.

I've reached out to NiceHash for further comment, and will update the article when I hear back from them.

Anthony joined the TweakTown team in 2010 and has since reviewed 100s of graphics cards. Anthony is a long time PC enthusiast with a passion of hate for games built around consoles. FPS gaming since the pre-Quake days, where you were insulted if you used a mouse to aim, he has been addicted to gaming and hardware ever since. Working in IT retail for 10 years gave him great experience with custom-built PCs. His addiction to GPU tech is unwavering.

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