Blockchain browser and mining pool BTC.com said on Monday that it got hacked earlier this month, and lost around US$2.3 million of its own assets and US$700,000 of clients’ assets.
See related article: Bitcoin hashrate drops nearly 40% as deadly U.S. storm unplugs miners
Fast facts
- BTC.com said that it has reported the cyberattack to law enforcement authorities in Shenzhen, a Southeastern city in China known as a global manufacturing hub.
- The local law enforcement authorities launched an investigation on Friday and have begun collecting evidence, according to the Monday statement.
- The company said that its business operates as usual and that an undisclosed amount of assets have been secured.
- China banned cryptocurrency transactions in September 2021, but a mid-level court said this year that crypto assets themselves should be considered virtual properties that are protected by law.
- Nasdaq shares of BIT Mining, BTC.com’s parent company, fell 17.3% at closing on Friday.
See related article: BXH says its exploit, now estimated at $139M, came from admin key leakage
