Cryptocurrency
[loss] $3M+
"Bitcoin mining pool BTC.com reports $3M cyberattack"
Primary Source ↗Financial Loss
$3.0M
(3,000,000 USD)
Blockchain(s)
Bitcoin
Incident Details
In a press release, BIT Mining reported that their subsidiary BTC.com had experienced a “cyberattack” in which $700,000 of customer assets were stolen. They also reported that $2.3 million of company assets were stolen, though they said that some of these funds had been recovered. They wrote that they were working with Shenzhen law enforcement to investigate the attack, but provided few details on the attack vector.BTC.com is the seventh largest Bitcoin mining pool, which also operates other crypto mining services. Its parent company, BIT Mining, is publicly traded on the NSYE.
Total loss estimated at $3,000,000.
Technical Details
- Initial Attack Vector
- Smart contract exploit / hack
- Vendor / Product
- BTC.com
Timeline
- 2022-12-26 Breach occurred
- 2022-12-26 Publicly disclosed