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One of the world’s most prominent cryptocurrency mining pools, BTC.com, disclosed that it was a victim of a malicious campaign that resulted in the loss of more than $3 million worth of crypto assets.
The announcement also revealed that the affected individuals include their staff and customers.
Based on a mining pool tracker, BTC.com holds the seventh place as the largest crypto mining pool, with nearly 2.7% of the network’s overall hash rate.
In the announcement, BTC.com explained that $700,000 worth of cryptocurrency owned by customers and $2.3 million in digital assets that belonged to the company were robbed during the cyberattack.
The affected company immediately notified the Chinese law enforcement agencies in Shenzen after identifying the malicious campaign earlier this month. Fortunately, the crypto mining firm has retrieved some of the lost crypto assets and finds but has not revealed the amount recovered.
Two days before Christmas, the authorities launched an investigation and collected evidence against the cyberattack. The investigatory agencies had asked for assistance and coordination with relevant agencies to address the issue.
A BTC representative assured customers their company would allocate most of their time to recover the stolen digital assets.
BTC.com is currently strengthening its defence mechanism to avoid falling victim to a similar attack soon.
The spokesperson of BTC.com stated that their company had taken necessary measures to obstruct identical cyberattacks in the future, so their operations would not be affected again.
The crypto mining company has implemented new technology to intercept better and block hacking attempts from threat actors. Experts claimed that the company had taken a big hit from the cyberattack, prompting its heads to change its defence capabilities.
BTC.com is currently running its business as if nothing has happened. Its client fund services are also unaffected by the attack, meaning only the digital asset service are the only part where the actors have reached.
There is currently zero information on how the threat actors could steal the crypto assets from the company. Lastly, it is still unidentified if personal information or data was stolen during the campaign.
