BTC.com suffered a cyberattack and lost $3 million worth of crypto

BTC.com
BTC.com

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A popular cryptocurrency mining pool BTC.com has confirmed that it became a victim of a cyberattack and lost approximately $3 million worth of crypto assets on December 3rd. As per the press release, the company lost around $700,000 worth of crypto assets owned by its clients and $2.3 million in assets owned by the company.

The company reported it to Chinese law enforcement authorities in Shenzen ON December 23rd. Authorities have already launched the investigation and have started collecting evidence. BTC.com claims it has recovered some of the crypto assets lost in the attack but didn’t confirm the amount.

BTC.com claims that it has already taken measures to block similar attacks in the future. It has also begun operations as usual.

“In the wake of discovering this cyberattack, the company has implemented technology to better block and intercept hackers. BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected,” says the company in the official press note.

The company didn’t provide any information on how attackers managed to steal the cryptocurrency. It also didn’t mention if attackers also got access to user data.

BTC.com is one of the world’s largest cryptocurrency mining pools offering multicurrency mining services including Bitcoin. If you look at the Pool Distribution, BTC.com is the seventh-biggest mining pool in the world and accounts for 2.5% of total mining pool distribution over the past seven days.