Mining Pool Loses About $3mln Worth Crypto Assets to Hackers December 27, 2022 December 27, 2022 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsDecember 27, 2022 by Kelly Cromley

Mining Pool Loses About $3mln Worth Crypto Assets to Hackers

The official webpage of the blockchain and mining pool announced on Monday that it had been compromised earlier in December, leading to a loss of around $2.3 million in company assets and $700,00 in customer assets. reported the incident to law enforcement agencies in Shenzhen, a city in China’s southeastern region regarded as a worldwide industrial powerhouse. As per a statement released on Monday, the regional law enforcement officials started a probe on Friday and have begun collecting information.

According to the corporation, its operations continue as normal and an unknown number of crypto assets have been safeguarded. China outlawed cryptocurrency-related trades in September 2021, but a mid-level court ruled a few months back that cryptocurrency assets should be safeguarded by law as digital property.

Friday’s final Nasdaq price for equities of BIT Mining, the parent company of, was down 17.3%.


AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.