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UPDATE 2-Hackers steal $64 mln from cryptocurrency firm NiceHash

UPDATE 2-Hackers steal $64 mln from cryptocurrency firm NiceHash
From Reuters - December 7, 2017

(Reuters) - A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies.

NiceHash matches people looking to sell processing time on computers in exchange for bitcoin.

There have been at least three dozen heists on exchanges that buy and sell digital currencies since 2011, including one that led to the 2014 collapse of Mt. Gox, once the worlds largest bitcoin market.

More than 980,000 bitcoins have been stolen from exchanges, which would be worth more than $15 billion at current exchange rates. Few have been recovered, leaving some investors without any compensation.

The hacks have not kept demand for digital currencies from soaring. Bitcoins value has climbed more than 15-fold so far this year, closing at a record $16,000 on the Luxembourg-based Bitstamp exchange on Thursday, ahead of this weekends launch of bitcoin futures by CBOE.

Security experts said they expect the cyber-crime spree to pick up as the rising valuations attract interest from cyber criminals looking for victims that lack experience defending against hacks.

These exchanges are not in my opinion secure, said Gartner security analyst Avivah Litan. You dont know what their security is like behind the scenes.

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