Threat Management, Breach

Nearly $3M stolen in cyberattack against cryptomining pool

Major cryptocurrency mining firm BIT Mining and cryptomining pool subsidiary had nearly $3 million in assets stolen as a result of a cyberattack on Dec. 3, reports SiliconAngle. Threat actors were able to exfiltrate $2.3 million from BIT Mining while nearly $700,000 in customer assets have also been stolen, according to BIT Mining, which has not yet disclosed the mode of attack leveraged to facilitate the compromise. Investigations into the incident are underway although BIT Mining emphasized that some assets have already been recouped while client fund services were not impacted by the attack. "In the wake of discovering this cyberattack, [BIT Mining] has implemented technology to better block and intercept hackers," said the company. The attack on BIT Mining and comes after the compromise of Binance's BNB Chain, token bridge Nomad, decentralized finance market Wintermule, and exchange BitMart during the past three months, with losses ranging from $150 million to $570 million.

Get daily email updates

SC Media's daily must-read of the most current and pressing daily news

By clicking the Subscribe button below, you agree to SC Media Terms and Conditions and Privacy Policy.