Bitcoin Exchange NiceHash Hacked as Crypto-Currency Hits New Highs

From eWeek: The Bitcoin crypto-currency is one the biggest financial stories of 2017, increasing dramatically in value over the past 12 months from $1,000 in January to as high as $20,000 on Dec. 7. As Bitcoin's value has grown, so too have its risks, as sites struggle to remain both available and safe.

The most recent security incident occurred on Dec. 6, with Bitcoin exchange site NiceHash publicly revealing that it was the victim of a security breach.

"Importantly, our payment system was compromised and the contents of the NiceHash Bitcoin wallet have been stolen," NiceHash stated. "We are working to verify the precise number of [Bitcoins] taken."

Although NiceHash has not publicly disclosed the number of lost Bitcoins, according to a Reuters report, 4,700 Bitcoins were stolen from NiceHash. The value of Bitcoin has surged dramatically on Dec. 7. with prices ranging from $15,000 to a high of $20,000 as of 1:30 p.m. EST, putting the value of the theft in the range of $70.5 million to $94 million.

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