Hackers stole $3 million worth of cryptocurrency from BTC.com

Pierluigi Paganini December 27, 2022

The BTC.com cryptocurrency platform was the victim of a cyberattack that resulted in the theft of $3 million worth of crypto assets.

BTC.com is a website that provides services for managing and transferring Bitcoin, it offers a digital wallet for storing Bitcoin, a trading interface for exchanging Bitcoin with other cryptocurrencies and fiat currencies, and a mining platform for participating in the extraction of new Bitcoin coins. BTC.com is one of the largest platforms for transferring Bitcoin globally and is used by millions of users worldwide.

BTC.com announced it was the victim of a cyberattack that resulted in the theft of approximately $3 million worth of crypto assets. According to the company, the attack took place on December 3rd, 202 and stolen assets belong to both customers and the company.

$700,000 worth of crypto owned by the company’s clients and $2.3 million in digital assets owned by the company were stolen in the cyberattack.

“BIT Mining Limited, a leading technology-driven cryptocurrency mining company, today announced that the Company’s subsidiary, BTC.com, experienced a cyberattack on December 3, 2022. In the cyberattack, certain digital assets were stolen, including approximately US$700,000 in asset value owned by BTC.com’s clients, and approximately US$2.3 million in asset value owned by the Company.” reads the press release published by BIT Mining Limited.

The company reported this incident to Chinese law enforcement, and some of BTC.com’s digital assets have already been secured. The authorities launched an investigation into the security breach on December 23rd, 2022.

“The Company reported this incident to law enforcement authorities in Shenzhen, China. Due to coordination locally and within the Company internally, some of BTC.com’s digital assets have already been secured.” continues the press release. “On December 23rd, 2022, the authorities had launched an investigation, began collecting evidence, and had requested assistance from and coordination with relevant agencies. The Company will devote considerable efforts to recover the stolen digital assets.”

The company announced the adoption of technology to detect and neutralize similar attacks in the future. It also added that BTC.com operations are not affected and also client fund services are unaffected.

“BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected.” the company concludes.

Follow me on Twitter: @securityaffairs and Facebook and Mastodon

[adrotate banner=”9″][adrotate banner=”12″]

Pierluigi Paganini

(SecurityAffairs – hacking, Bitcoin)

[adrotate banner=”5″]

[adrotate banner=”13″]

you might also like

leave a comment