The release claims that the initiatives have already helped BTCcom retrieve part of the funds.
Cointelegraph said that a hack that targeted BTC.com, a prominent cryptocurrency mining pool, resulted in a huge loss of corporate and client assets.
According to Cointelegraph, on December 3, hackers took roughly $2.3 million in corporate assets as well as about $700,000 in client holdings. The mining pool’s parent firm, BIT Mining Limited, made the formal announcement on December 26.
BIT Mining and BTC.com informed Chinese law enforcement authorities in Shenzhen about the cyberattack. After gathering information and requesting the assistance of relevant Chinese agencies, the local authorities launched an inquiry into the occurrence.
The notification claims that part of the assets was already recovered with the help of the efforts of BTC.com.
Apart from its services related to digital assets, BTC.com is now conducting business as normal, according to the company.
One of the biggest cryptocurrency mining pools offering multicurrency mining for digital assets is BTC.com. According to Cointelegraph, BTC.com also runs a blockchain browser.
According to statistics from BTC.com, the seventh-largest mining pool globally has a hash rate of 5.80 exahashes per second (EH/s), 2.5% of the overall mining pool distribution for the last seven days. More than 5% of the overall hash rate is made up of its whole contribution.
China, which last year decided to impose a complete ban on all cryptocurrency operations, is now facing yet another case involving cryptocurrencies as a result of the investigation into the cyberattack on BTC.com. Despite the prohibition, China lost its position as the leading source of Bitcoin hash rates in 2021 and fell to second place, before rising again in January 2022.
