Hackers Pull of Giant Heist, Swiping Away Almost $70 Million Worth of Bitcoin

NiceHash, a cryptocurrency marketplace, has reported that almost $70 million worth of bitcoin has been stolen from its service by hackers, a disclosure that occurs as bitcoin continues to rise to new heights of value.

NiceHash revealed the thievery on their Facebook page, stating: “Clearly, this is a matter of deep concern and we are working hard to rectify the matter in the coming days.”

Andrej P. Škraba, the head of NiceHash’s marketing, informed the Wall Street Journal that an estimated 4,700 bitcoin were stolen from the bitcoin wallet of the company.

One thing to regard: As the bitcoin’s value continues to rise, so too does the heist’s value. Currently, the value of a single bitcoin has exceeded $15,000 (with its prices on some local Korean exchanges already surpassing $19,000), meaning that the value of the heist, for the time being, is already over $70 million.

The increase in the value of bitcoin has been so volatile and rapid (as are transaction charges) that various companies no longer accept the cryptocurrency as payment, including the digital gaming platform Steam.

As Stan Schroeder of Mashable has pointed out, however, even as scepticism builds on a possible Bitcoin bubble, the cryptocurrency biz has developed and it is unlikely that it will go away anytime soon.