BIT Mining subsidiary loses $3M to cyberattack

Dec. 26, 2022 at 1:30 pm

By Oluwapelumi Adejumo

Crypto mining firm BIT Mining said its subsidiary BTC.com lost $3 million worth of digital assets to a cyberattack on Dec. 3, according to a Dec. 26 statement.

BIT Mining wrote that $700,000 of the stolen funds belonged to BTC.com’s clients while the remaining $2.3 million belonged to it. The company did not disclose the details of the stolen assets.

The Bitcoin (BTC) mining firm reported the incident to law enforcement agencies in Shenzhen, China. It added that the authorities launched an investigation on Dec. 23 and that it is cooperating with the relevant agencies to recover the stolen assets.

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