LP HOT NEWS: With more than $70 million stolen in bitcoin hack

More than $70 million stolen in bitcoin hack.

On Friday afternoon in Asia about 4,700 bitcoins have been stolen from the site, the CEO said. NiceHash CEO Marko Kobal said that yesterday morning at 1:00 am a hacker or hacker group broke into our system through a compromised computer.

The value of the 4,700 bitcoins stolen is estimated at $ 75 million, while in recent weeks Bitcoin's value has risen sharply and it surpassed $ 17,000 for the first time on Thursday. According to many people, a hack was launched on a leading digital currency platform. NiceHash provides a platform for users to exploit for other cryptocurrencies and get paid in bitcoin.

The incident is quite serious because there are signs that the attack is done quite sophisticated and in close coordination. The system has been compromised through the use of certificates by one of the company's engineers.

Immediately to cope and overcome the consequences, NiceHash has announced all major bitcoin exchanges and mining sites about violations to track and possibly recover stolen coins. This incident again warns of the vulnerability of some digital currency platforms. Hackers around the world, for their own purposes, may endeavor to steal bitcoin in increasingly sophisticated ways.

More information about bitcoin and cryptokurrencies:

A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets. Cryptocurrencies are classified as a subset of digital currencies and are also classified as a subset of alternative currencies and virtual currencies.

Bitcoin, created in 2009, was the first decentralized cryptocurrency. Since then, numerous cryptocurrencies have been created. These are frequently called altcoins, as a blend of bitcoin alternative. Bitcoin and its derivatives use decentralized control as opposed to centralized electronic money/central banking systems. The decentralized control is related to the use of bitcoin's blockchain transaction database in the role of a distributed ledger.

An Initial Coin Offering (ICO) is an unregulated means by which funds are raised for a new cryptocurrency venture. In an ICO campaign, a percentage of the cryptocurrency is sold to early backers of the project in exchange for legal tender or other cryptocurrencies, often Bitcoin or Ethereum. As of September 2017, there were over 1100 digital currencies in existence.

Bitfinex, a Hong Kong-based bitcoin exchange, was shut down last year after hackers steal nearly 120,000 bitcoins worth more than $ 65 million at the time.

Last year, cyber thieves made about 19,000 bitcoins after hacking into the Bitstamp European exchange. FireEye's cybersecurity warned that this type of attack would take place more and more, and that it would be capable of causing greater damage.

On November 21, 2017, an online company (Tether) which backs bitcoin cryptocurrency with fiat currency claims they were hacked, losing $31 million in USTD from their primary wallet. The company has 'tagged' the stolen currency, hoping to 'lock' them in the hacker's wallet. Tether indicates that it is building a new core for its primary wallet in response to the attack in order to prevent the stolen coins from being used.