BTC.com is a cryptocurrency mining pool that recently faced a cyber-attack in which the company and its customers suffered a significant loss of funds.
On December 3, BTC.com suffered a cyber-attack in which hackers stole $ 700,000 from a client’s asset and $2.3 million from the company’s wallet. It was officially announced by Bit mining limited on December 26.
In Shenzhen, China, this cyber-attack was reported by BIT mining and BTC.com to law enforcement authorities. After the report, the investigation was started by local authorities who began to collect the evidence. These authorities also asked relevant agencies in china for assistance. Later it was announced that regional coordination has already helped BIT.com to recover some of its assets internally.
BIT mining announced that they would allocate every possible effort to recover all the stolen digital assets. They also said that they had deployed a technology that would later block or intercept the hackers.
After facing such a loss, BTC.com is still running its mining pool. They said;
“BTC.com is running its service normally, and apart from the digital assets service, none of their client’s funds services are affected.”
BTC.com is the world’s largest cryptocurrency mining pool, with mining services for different digital assets, including Bitcoin (BTC) and Litecoin (LTC). BTC.com doesn’t only provide mining services, but they also have a blockchain browser. New York exchange has listed a publicly traded firm by BIT mining, known as the parent company.
Over the past seven days, BTC.com have accounted for 2.5% of the total mining pool distribution; that’s why it is known as the seventh giant global mining pool. BTC.com data shows they have about 5.80 exahashes per second (EH/s) hashrate.
During the cyber-attack investigation in China, local authorities reported another crypto-related legal case, which placed a blanket ban on all the crypto operations of last year. In 2021 china lost its global hashrate leadership, but it got it again as the second-largest Bitcoin hasrate in January 2022.