Cloud mining platform NiceHash announced that it will complete a program to reimburse users for bitcoins stolen in 2017 in December.
NiceHash Repayment program — 100% REPAYMENT! ⚠️⚠️https://t.co/6DcJZbdPPG
— NiceHash (@NiceHashMining) November 16, 2020
In December 2017, the attacker withdrew more than 4640 BTC from user wallets on the platform, the price of the cryptocurrency at that time was about $ 12,000.
On February 2, 2018, the Slovenia-based service launched a loss recovery program, recharging a portion of the coins each month to victims of the hack.
By the end of August of the same year, NiceHash announced that it had already returned 60% of the lost assets to its clients.
In December 2019, the platform suspended the program. NiceHash noted that the refund is made from the fees of the platform, reducing its income. The decision to pause the program in the company was explained by the need to maintain sufficient cash flow to continue operations.
At that time, the return rate was 82%. The time frame for the resumption of the accrual of assets in NiceHash was not indicated.
The platform has now announced that it will refund 100% of the bitcoins lost by December 16, 2020.