Bitcoin, Cryptocurrency And Blockchain News

NiceHash Hack Update: CEO Marko Kobal Resigns

Hackers stole Bitcoin worth $62 million.


CEO and co-founder of NiceHash, Marko Kobal, has stepped down.

NiceHash came under a cyber attack when its payment system was hacked on December 6th, 2017. Around 4,700 Bitcoins worth $62 million were stolen from the NiceHash Bitcoin wallet. Kobal wrote a statement on LinkedIn confirming his resignation. He will be replaced by Zdravko Poljašević.

As you are aware, since the recent security breach we at NiceHash have been working round the clock to rebuild our internal systems as well as management structure. I shall now stand aside and allow new management to lead the organization through its next, exciting period of growth – therefore I have decided to resign as CEO of NiceHash. I have been incredibly privileged to share in the excitement of growing NiceHash since its earliest days. I have every confidence in the ability of our extraordinary team to develop the service, and I expect to see the company prosper in the coming years. I would like to take this opportunity to thank my colleagues and the wider community for their support, not just in this most recent episode, but since the very beginning of NiceHash. I wish you all the very best for the future – a future which shall see NiceHash continue in its progressive trajectory so that it becomes and remains the mining marketplace of choice for millions of users.

Kobal also added a link which announces plans for restoring the balance and relaunching the website. Slovenian startup NiceHash is a platform where users can buy and sell computing power for mining new cryptocurrencies. With more than 190,000 miners, NiceHash prides itself on its “high security” which makes it one of the best cryptocurrency mining services in the world. After the hack, NiceHash redesigned its payment system and updated security procedures. Although the site is back on its track, the team has still not been able to restore the stolen Bitcoins to users.

The announcement states, “We have now been able to reserve the funds required to restore balances from a group of international investors in our business. The exact date of reimbursement for old balances will be announced by January 31st 2018. We need this interim period to ensure all legal paperwork is processed correctly, so please be patient while we do this.”