Cyber Crime

NiceHash: security breach leads to 60 million lost – Iceman is behind?

NiceHash has been hacked, roughly to 60$ million (4,736.42 BTC) have been stolen while the bitcoin is crossing the 14k$ mark for the first time.

A dark day for cryptocurrency miners, NiceHash has been hacked. Closely to 60$ millions (4,736.42 BTC) have been stolen while the bitcoin is crossing the 14k$ mark for the first time.
The hacker’s bitcoin address cleary shows the steal of  4,736.42 BTC in a window of 48 hours:https://bitinfocharts.com/bitcoin/address/1EnJHhq8Jq8vDuZA5ahVh6H4t6jh1mB4rq
NiceHash users are furious by the time of reaction of the team. It took about 24 hours to realize that big amounts have been stolen.
I’ve contacted a member of Iceman and knowing this security breach for some reason he explained that NiceHash actually owned their users’ bitcoin wallets in order to save transactions fees and collect unclaimed BTC. This issue leads to a massive security breach which allows access to all NiceHash wallets. He claimed that by reverse engineering of their miner client, Iceman group was able to access their API.
Is Iceman really behind this attack?
About the Author: Marc Miller
Marc Miller is a web journalist, focused on cybercrime.

He started a blog called: THE PURPLE HAT – Cyber Gangs NAKED, dedicated to exposing the methods and works of cybercrime gangs such as “CARBANAK” or similar sophisticated syndicated Cybercrime organizations.

In the past. he worked as a web front-end programmer. Also, he is passionate about hardware, hacking, security and marketing.

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Pierluigi Paganini

(Security Affairs – NiceHash, hacking)

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Pierluigi Paganini

Pierluigi Paganini is member of the ENISA (European Union Agency for Network and Information Security) Threat Landscape Stakeholder Group and Cyber G7 Group, he is also a Security Evangelist, Security Analyst and Freelance Writer. Editor-in-Chief at "Cyber Defense Magazine", Pierluigi is a cyber security expert with over 20 years experience in the field, he is Certified Ethical Hacker at EC Council in London. The passion for writing and a strong belief that security is founded on sharing and awareness led Pierluigi to find the security blog "Security Affairs" recently named a Top National Security Resource for US. Pierluigi is a member of the "The Hacker News" team and he is a writer for some major publications in the field such as Cyber War Zone, ICTTF, Infosec Island, Infosec Institute, The Hacker News Magazine and for many other Security magazines. Author of the Books "The Deep Dark Web" and “Digital Virtual Currency and Bitcoin”.

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