Cryptocurrency mining pool BTC.com has suffered a cyberattack resulting in a significant loss of company and customer funds.
The attack occurred on Dec. 3, with attackers stealing around $700,000 in client assets and $2.3 million in the company’s assets. The mining pool’s parent firm, BIT Mining Limited, made the official announcement on Dec. 26.
BIT Mining and BTC.com reported the cyberattack to law enforcement authorities in Shenzhen, China. The local authorities subsequently launched an investigation into the incident, collecting evidence and requesting assistance from relevant agencies in China. The efforts have already helped BTC.com recover some of the assets,
Despite the incident, BTC.com is continuing to run its mining pool services for customers. BTC.com, one of the world’s largest cryptocurrency mining pools, provides multicurrency mining services for various digital assets, including Bitcoin and Litecoin. Apart from mining services, BTC.com also operates a blockchain browser. Its parent company, BIT Mining, is a publicly traded firm listed on the New York Stock Exchange.
