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Home > Cybersecurity > New cyberattack costs BTC.com millions worth of cryptocurrency

New cyberattack costs BTC.com millions worth of cryptocurrency

BTC.com, a cryptocurrency company that provides products, services, and information related to cryptocurrencies, was hit with a cyberattack.


Ezgi Koc Ezgi Koc
December 28, 2022
2 min read
New cyberattack costs BTC.com millions worth of cryptocurrency
  • On December 3rd, 2022, BTC.com was hit by a cyberattack that cost them $2.3 million in assets owned by the company.
  • The company has clarified that it has already implemented technology to better block and intercept hackers and is operating its business as usual.
  • In the cyberattack, certain digital assets were stolen, including approximately $700,000 in asset value owned by BTC.com’s clients.

BTC.com is a blockchain and mining pool business brand under BIT Mining Group. Since its establishment in 2015, BTC.com has been cultivated in the blockchain industry for more than 6 years, specializing in building industry infrastructure with new standards established.

A total of $3 million loss

It was recently hit by a cyberattack on December 3, 2022, according to their press release. Certain digital assets were stolen in the cyberattack, including approximately $700,000 in assets owned by BTC.com customers and approximately $2.3 million in assets owned by the company.

The company reported the incident to law enforcement agencies in Shenzhen, China. Due to field and internal coordination, some of BTC.com’s digital assets have already been backed up.

Recovering the assets

On December 23, 2022, the agency launched an investigation, began gathering evidence, and requested assistance and coordination from relevant authorities. The company goes to great lengths to recover stolen digital assets.

After discovering this cyberattack, the company implemented technology to better block and intercept hackers. BTC.com is currently operating as usual and retail fund services are unaffected, with the exception of digital asset services.

The company added:

« In the wake of discovering this cyberattack, the Company has implemented technology to better block and intercept hackers, BTC.com is currently operating its business as usual, and apart from its digital asset services, its client fund services are unaffected. The Company will devote considerable efforts to recover the stolen digital assets. »

See more Cybersecurity News


Tags: Cryptocurrency
Ezgi Koc

Ezgi Koc

Ezgi Koc is an editor at Cloud7 News. She graduated from Ege University with a bachelor's degree in English Language and Literature. She had a great interest in technology, both hardware and software, since her childhood and decided to pursue a career that would enable her to broaden her horizons in this field. She is very passionate about video games as a Twitch affiliate and streams games in her free time.

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