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Monday, July 1, 2024

Cryptocurrency Exchange BTC.com Suffers Massive Cyber Attack

BTC.com, the world’s largest cryptocurrency mining pool, has announced that it has been the victim of a cyberattack that resulted in the theft of approximately $3 million worth of cryptocurrency assets.

BTC.com is the 7th largest cryptocurrency mining pool, accounting for 2.66% of the network’s overall hash rate. Mining Pool Tracker.

Recover Some Stolen Assets

During the attack, BTC.com lost approximately $700,000 worth of cryptocurrencies owned by customers and $2.3 million in digital assets owned by the company.

In the cyber attack, certain digital assets were stolen, including approximately $700,000 worth of assets owned by BTC.com customers and approximately $2.3 million worth of assets owned by the company.

BTC.com reported the incident to Chinese law enforcement in Shenzhen after detecting the attack on December 3, 2022.

The company recovered some of the stolen cryptocurrencies even though it did not disclose the amount.

Authorities launched an investigation on December 23, 2022, gathering evidence and requesting assistance and coordination from relevant agencies.

said BTC.com.

No information on stolen data

BTC.com said it had taken steps to prevent similar attacks in the future and that the attacks had no impact.

After discovering this cyberattack, the company implemented technology to better block and intercept hackers.

Other than digital asset services, BTC.com’s client fund services will not be affected.

There is no information on how the attackers stole the cryptocurrency, or whether any data or personal information was stolen.

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