BTC.com hacked, around US$3 mln assets stolen
TL;DR BTC.com, a blockchain browser and mining pool, said on Monday that it was hacked earlier this month and lost around US$2.3 million of its own assets and US$700,000 of clients’ assets. The company has reported the cyberattack to law enforcement authorities in Shenzhen, China, which launched an investigation on Friday. Nasdaq shares of BIT Mining, BTC.com’s parent company, fell 17.3% at closing on Friday.
Blockchain browser and mining pool BTC.com said on Monday that it got hacked earlier this month, and lost around US$2.3 million of its own assets and US$700,000 of clients’ assets.
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Fast facts
BTC.com said that it has reported the cyberattack to law enforcement authorities in Shenzhen, a Southeastern city in China known as a global manufacturing hub.
The local law enforcement authorities launched an investigation on Friday and have begun collecting evidence, according to the Monday statement.
The company said that its business operates as usual and that an undisclosed amount of assets have been secured.
China banned cryptocurrency transactions in September 2021, but a mid-level court said this year that crypto assets themselves should be considered virtual properties that are protected by law.
Nasdaq shares of BIT Mining, BTC.com’s parent company, fell 17.3% at closing on Friday.
See related article: BXH says its exploit, now estimated at $139M, came from admin key leakage