BTC.com parent BIT Mining hacked, $3 million in assets taken
TL;DR BIT Mining Limited, the parent company of BTC.com, reported that it was hacked earlier this month and about $700,000 in client assets and $2.3 million in company assets were stolen. The company has reported the incident to law enforcement authorities and some of the digital assets have since been secured. The company is operating as usual, but its shares have taken a hit over the past year due to the slump in the price of bitcoin.
BTC.com parent company BIT Mining Limited said it was hacked earlier this month, with about $700,000 in client assets and $2.3 million in company assets stolen.
The publicly-traded firm said it was hit by a cyberattack on Dec. 3. It reported the incident to law enforcement authorities in Shenzhen, and some of BTC.com's digital assets have since been secured.
Authorities started an investigation on Dec. 23 into the matter.
“In the wake of discovering this cyberattack, the company has implemented technology to better block and intercept hackers,” BIT Mining said. “BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected.”
Shares of the miner are down 98% over the past year as miners have seen margins squeezed with higher energy costs and a slump in the price of bitcoin.