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One of the leading hashpower provider for Bitcoin and Altcoins, cloud mining service Genesis Mining, reports the theft of funds from the company's accounts due to an attack by unknown hackers.
The official statement notes that technical problems forced the company to suspend payments to their customers, however all the lost funds are to be reimbursed in full.
— Genesis Mining (@GenesisMining) July 26, 2017
Distributed database that is used to maintain a continuously growing list of records, called blocks
As Marco Streng, CEO Genesis Mining, details, they detected an unauthorized intrusion by an attacker on the night of Friday, July 21st. This attacker gained access to a hot wallet and was able to transfer funds which we will reimburse in full. Shortly after the intrusion was detected, the team was able to shut down the attack. As reported, the company immediately took steps to mitigate the issue, including enhancing the monitoring and detection capabilities, and further hardening the environment. Thus, one of those increased security measures was to delay our daily payouts.
Genesis Mining immediately engaged 3rd party cyber security advisory to investigate the attack.
The company assures the clients that the mining operation was not affected and is running as normal.
Every single one of our customers will receive their missing payouts as soon as we’re sure about the safety and integrity of our payment system. One of the advantages of the daily payout system is that it helps prevent actual losses, even in moments like these that cause delays.
CEO Genesis Mining
Genesis Mining will cover the full amount, and the clients will receive all of your payouts.