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NiceHash will reimburse ALL users from $60 million BTC hack

NiceHash says they're 'working on a solution to ensure all users are reimbursed' after $60 million Bitcoin hack
By Anthony Garreffa from Dec 11, 2017 @ 19:21 CST

One of our biggest stories of the month was the recent hack of NiceHash, where over $60 million in Bitcoin was stolen in a huge cryptocurrency heist (just without the masks and guns).




NiceHash has officially responded to WikiTribune, which broke the story last week. NiceHash CEO Marko Kobal had a lot to say, but the main takeaway from this is that NiceHash will be refunding each and every customer of their stolen BTC. Kobal said: "we are working on a solution to ensure all users are reimbursed. That is clearly a key concern for our users, and we understand this, we are not running away from our responsibilities. As soon as we have a plan in place we will update all users on our intended solution, and we're sorry for any inconvenience which has been caused".


WikiTribune also asked "What's the likelihood of the company covering more than $60m in losses? Are you able to compensate users?" to which Kobal replied: "We fully intend to make this right. It's a matter of deep concern to us and we're working hard to rectify the matter in the coming days. We're working on a solution to ensure that all users are reimbursed. These things are delicate matters, and take time, so we would ask our community to be patient while we get this fixed and fully investigated. As soon as we have a full plan in place we will communicate it to our users and all those affected".


NiceHash is aware they'll have to build miners' trust again, and with nearly 750,000 registered users that's going to be a big mountain to climb. But I have a question that wasn't asked, and I don't think will be answered: what about reimbursement of the money miners would've lost in the days after the hack. Some people are making hundreds, and even thousands per day - majorly affecting their mining operations.


I'll update this article once I've reached out to NiceHash, and if they respond.


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