Mining Platform NiceHash Pays Back 4640 BTC To Victims of 2017 Hack

The leading digital currency marketplace for trading and mining NiceHash is now done with its reimbursement initiative. The Slovenian cryptocurrency mining firm has completely paid back those users who were affected during a hack that took place in December 2017 and lost funds. For the past three years, the company has been repaying users gradually.

The company initiated the process of refunding in Feb 2018

The Chief Executive Officer (CEO) of NiceHash has reported in a letter published on the 16th of December that the company has successfully completed its reimbursement initiative and has reimbursed all of the victims of the hack. As per NiceHash CEO’s letter, the company has paid a total of 4640 Bitcoin (BTC) to the victims of the hack.

Reportedly, NiceHash had to go through a security breach three years ago on the 6th of December in 2017. At the time of the incident, the company lost $64 million worth of BTC (4640 BTC). The security breach occurred as a computer of one of the company’s employees was compromised by hackers. The company wanted to reimburse affected users and therefore, it started the initiative of refunding in February 2018 one year of the security breach incident.

Martin Škorjanc said that they did not know whether they will get success in their initiative or not. However, he said that it was their duty to make an effort for its affected users. Stating on ahead, he said:

“We started to reimburse the damage gradually. We transferred every amount we didn’t need for bare survival to our users’ accounts. In the last three years, we have regularly waived profits. But we do not regret it, as it heralds the beginning of a new era of growth and development for us. We don’t owe anyone anything anymore. We have fully settled all tax liabilities, and 4,640 bitcoins are again in our users’ accounts.”

At the end of his letter, he thanked all of those users who showed their loyalty to the company and kept their trust in its team, and for not losing confidence in the firm. He said that the team of the firm did everything in hand to fight this battle.

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