Nicehash devs reveal the details of attack

The livestream hosted on Nicehash Facebook page with further information about the attack performed on December 6th
08 December 2017   4535

Yesterday we've covered the hacking of Nicehash bitcoin wallet. At that time there were no official comments released about the scale or the exact method of attack.

Now, we have at least some information released by Nicehash team. Total amount of 4700 Bitcoin was stolen by as of yet unknown hacker, or a group of hackers.

The attack commenced on 1:18 AM CET according to available VPN logs. It was performed through a compromised computer at the company's office. The forensic analysis to determine the exact way the security was breached is ongoing. At 1:37 AM hacker logged in with the credentials of one of Nicehash engineers. During the next perpetrators studied the payout system and tried to modeled its work. At 3:24 AM they performed the transfer and have successfully stolen money from Nicehash account.

Local and international authorities and law enforcement organizations are on the case, and the local investigation is in full swing. From all the evidence it seems quite obvious, that the attack was extensively prepared and well-coordinated effort, because existing security systems should have filtered out any such attempt. Unfortunately, the company refused to comment on the internal investigation into possible insider leaks, citing ongoing investigation.

The most important question is, of course, what happened to the miners' accounts. Right now, Nicehash is in communication with the largest cryptocurrency exchanges to track and return the stolen money. The representative said during the livestream, that it will take time, but the company is looking for a way to pay the miners.

As of now, the site is still under maintenance, but the spokesperson said, that the team is working day and night to restore the functionality and to resume mining operations.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   99

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.