BIT Mining subsidiary loses $3M to cyberattack

Hull Invest

Cryptocurrency mining firm BIT Mining said its subsidiary lost $3 million worth of digital assets in a December 3 cyberattack, according to information on December 26. statement.

BIT Mining wrote: $700,000 One of the stolen funds belonged to a customer, the rest $2.3 million belonged to it. The company has not disclosed details of the stolen assets.

A Bitcoin (BTC) mining company reported the incident to law enforcement agencies in Shenzhen, China. Authorities launched an investigation on Dec. 23, adding that they are working with relevant agencies to recover stolen assets.

BIT Mining said it had taken the necessary precautions to forestall a recurrence. It added:

“ is currently operating as normal and, with the exception of digital asset services, customer funds services are unaffected.” is a mining pool business under BIT Mining. The company has a crypto wallet division with over 1 million users worldwide. also provides real-time on-chain information about other digital assets such as Bitcoin and Ethereum through its website.

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