BTC.com, a subsidiary of BIT Mining Limited, a leading technology-driven crypto mining company, became the victim of a hack earlier this month, according to the press release published on December 26th.
BTC.com is the world’s top blockchain browser. BIT Mining also owns the complete mining pool company that operates under BTC.com and offers multi-currency mining services, which include Bitcoin, Ethereum, and Litecoin (LTC).
According to the press release, several digital assets were taken during the incident, including those worth around $700,000 that belonged to BTC.com’s clients and roughly $2.3 million that belonged to the company.
Shenzhen, China’s law enforcement agencies, were notified of this event by BIT Mining Limited. However, the company ensures that some of BTC.com’s digital assets have already been secured due to local and internal collaboration.
Additionally, to get back the digital assets that were taken, the company will put in a lot of effort that will necessary. The investigation was started, evidence was gathered, and the authorities sought assistance from and coordinated with the appropriate agencies on December 23rd.
“In the wake of discovering this cyberattack, the company has implemented technology to better block and intercept hackers.” Nevertheless, the company claims that BTC.com is now conducting business as normal and that all of its client fund services are unaffected except for its services related to digital assets.
Bitcoin (BTC) Outflows Hit Lowest Levels
The outflow of Bitcoin from exchanges has fallen to its lowest point in over 8 months. The token’s withdrawals from exchange wallets have completely reversed the rise, which experienced an astounding increase due to the FTX breakdown.
Outflows from the trading platforms peaked at 142,788 BTC on November 14th and have since decreased more than ten times. According to on-chain analytics firm Glassnode, total exchange outflows were only 967.509 BTC on December 26th. Furthermore, eight months ago, in April of this year, was the last time outflows were this low (about 978.059).
Moreover, the data also shows that today’s 4,520.946 Bitcoin sent to exchange addresses marked a 1-month low. On November 30th, the previous low for the month was 4,553.976.
Additionally, the data from CoinMarketCap shows that Bitcoin is currently trading at $16,854.54, and its 24 hours trading volume is up by 35.64%.
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