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NiceHash Repayment Program – Next Reimbursement in Less than a Week

Those NiceHash customers who have lost their funds in the hacker attack of December 2017 will be getting another 10% of their lost funds reimbursed Monday, July 2, 2018.

NiceHash is a Slovenian cryptocurrency cloud mining marketplace. Rapidly growing and taking a leading position, the company took a heavy blow December the 6th of 2017 when an equivalent of $ 63 M USD in Bitcoin got stolen from its customers. The security breach was fixed but the money was already in the hands of the hackers. The company has launched a program to compensate the victims for their loss.

If you are one of the victims of the hacker attack, you will be pleased to know that NiceHash will be bringing the amount of reimbursed funds to 55% of the total sum July the 2nd. NiceHash is periodically repaying part of the whole sum, having already paid five times since the attack. In few days, they will be reimbursing another 10% of the total sum to their customers.

Quick Q&A

Are external wallets are eligible for the Repayment Program?

Both external and internal wallet users can enjoy the Repayment Program by NiceHash – as long as your account has been created prior to December 6th. External wallet users also need have a minimum of 0.001 BTC (~5 USD) in their balance to be eligible for the program.  This amount includes the unpaid, as well as pending balances.

What if I haven’t signed up for the Repayment Program yet?

If you do it now, you will receive 55% of your lost funds in your balance July the 2nd.

Will I get repaid in Bitcoin?
Yes, according to NiceHash, the old balance will be repaid in BTC, only.

How do I know how much is it left to be reimbursed?

Once you log in to your account, you can see the old balance tab under the Wallet section on your Dashboard. This is the amount you had in your wallet before the attack.

What if I don’t receive my payment?

The best (and probably only) option would be to immediately contact NiceHash. They have promised to sort any issues out as soon as possible.

In Conclusion

Launched on Friday, February 2, 2018, the Repayment program is moving on as planned. If all goes well, soon more than half of the lost funds will be reimbursed to the victims of the attack on NiceHash.

I am glad that most people understand that what happened was caused by a fault in NiceHash security system rather than a fault of cryptocurrencies. The way the company is doing the steps in the right direction will hopefully bring a bit more trust in our crypto community in the long run.

Follow NiceHash reddit to keep up with the latest news.

Disclaimer: This is not financial advise, I am not a financial advisor, this is for educational purposes only. If you want to invest in cryptocurrency please do your own research and invest at your own risk, 1stMiningRig is never liable for any decisions you make. 1stMiningRig may receive donations or sponsorships in association with certain content creation. 1stMiningRig may receive compensation when affiliate/referral links are used.
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