Cryptocurrency mining marketplace, NiceHash, reported on Wednesday a security breach, resulting in 4,700 BTC being stolen (which equates to $64 million). The Slovenian crypto company highlighted that the cyber attack was a result of uneven oversight and faulty security procedures surrounding their payment system.
The latest hack on the cryptocurrency platform comes at a time when not only has bitcoin skyrocketed past $15,000 in market value, but many financial institutions, like #CBOE, are looking into launching Bitcoin futures in order to cash in on this digital currency boom. According to Reuters, there’s been at least 3 dozen cyber attacks surrounding #cryptocurrency platforms since 2011, most notably Mt. Gox, in 2014.
These attacks further reiterate the vulnerabilities surrounding lack proper security measures and investor protections of these platforms, which #hackers target in order to compromise systems.
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