BTC.com hackers steal $3 million worth of crypto

Updated on: 28 December 2022

Vilius Petkauskas
Deputy Editor

One of the largest Bitcoin managing and transferring platforms, BTC.com, suffered from a cyberattack that lost the company millions of dollars in crypto assets.

BTC.com's parent company, BIT Mining Limited, announced its subsidiary experienced a cyberattack on December 3. According to the company, crooks stole $700k from BTC.com's clients and assets worth $2.3m from the company.

"The Company reported this incident to law enforcement authorities in Shenzhen, China. Due to coordination locally and within the company internally, some of BTC.com's digital assets have already been secured," the company said in a statement.

BTC.com claims to be working on recovering the stolen assets and implementing safeguards to prevent similar attacks in the future. The statement, however, doesn't specify the nature of the attack.

"BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected," the company said.

BTC.com self-describes as the 'world's top blockchain browser' that provides 'multi-currency mining services.' The company provides users with a digital wallet, trading interface, and a mining platform to generate new Bitcoins.

The Holiday season has been a busy period for crypto thieves. Threat actors stole $8 million from Bitkeep wallets earlier this week. Meanwhile, researchers noted that Hackers from North Korea set up hundreds of phishing websites, impersonating popular NFT platforms and decentralized finance (DeFi) marketplaces.