How Come NiceHash Stored Nearly 5 000 BTC?

[poorcripple]

Wow. I just heard about this. So glad I hit minimum payout (non nicehash wallet) and cashed out before this. Haven't actually mined since I cashed out so I lose nothing I guess, but that sucks for people who did.

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[moneyafric]

It is not impossible, though negligence on their part when there are provisions for safe storage I.e cold wallet storage.

Again if the money was gathered by fraud, it will go same way also. Let everyone be careful how to gather your money.

[moneyafric]

Wow. I just heard about this. So glad I hit minimum payout (non nicehash wallet) and cashed out before this. Haven't actually mined since I cashed out so I lose nothing I guess, but that sucks for people who did.

NH is into mining also? For how long are in this that the admin became unaware of cyber crime in Crypto world?
What a loss! How about investors capital? How are they going to manage the risk.

[moneyafric]

Hacking is the biggest risk in getting involved in crypto, imho. We have to be extra careful where we trade, store our wallet, passwords, etc. Frankly speaking in today's world everyone can get hacked, from governments, crypto or actual banks, but the incentives are much higher when you can make an immoral profit like in this case and you can't be tracked. This is also another reason why a lot of investors steers clear from crypto, because it attracts bad people!

I wish I had details of the incident, I will fish out the hackers on the spot of the incident. I can try something IF I can get accurate info.

Inform me of any hack on your wallet and I will recover it for you.

[Aming amirudin]

Kenapa Anda memakai profil saya!!!⅝

[kano]

Lulz - either the NH people are morons and let someone steal $90million dollars, or they stole it themselves.
Which do you think is the most likely?

Here's a bunch of unknown guys, with shady backgrounds, with a wallet of $90million dollars and it disappears ... ... ... ...
In my opinion they should go to jail for robbery or negligence - the amount of $ isn't all that much less than MtGox ...

I've never been a fan of them or trusted them, in fact I've posted about issues with them on occasion that they always ignored.

To be blunt, it's not unexpected either from this band of hackers.
Their changes to the mining software is a security risk to all miners that use it ... as I have stated clearly in the past ... but people just ignore it ...
People see money and will do anything stupid to get it.

Oh well.

[BitHodler]

People see money and will do anything stupid to get it.

That's how things go here. Funny thing is that they don't even consider it to be stupid or high risk. If we have to believe them, it's a well thought out investment plan to obtain a stream of passive income.

I think it's save to say that the hunt for passive income is what makes people go for nonsense like this. They completely ignore the variables involved in mining, just for the idea to make money without doing anything.

Instead of them earning money without doing anything, they are constantly losing money without doing anything. Mining is just a wasted part of the investment aspect, but people still need to catch up on that.