Ohio, Dec. 26, 2022 /PRNewswire/ -- BIT
Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we,"
"us," or "our company"), a leading technology-driven
cryptocurrency mining company, today announced that
the Company's subsidiary, BTC.com, experienced a cyberattack on
December 3, 2022. In the cyberattack,
certain digital assets were stolen, including approximately
US$700,000 in asset value owned by
BTC.com's clients, and approximately US$2.3
million in asset value owned by the Company.
The Company reported this incident to law enforcement
authorities in Shenzhen, China.
Due to coordination locally and within the Company internally, some
of BTC.com's digital assets have already been secured. On
December 23rd, 2022, the
authorities had launched an investigation, began collecting
evidence, and had requested assistance from and coordination with
relevant agencies. The Company will devote considerable efforts to
recover the stolen digital assets.
In the wake of discovering this cyberattack, the Company has
implemented technology to better block and intercept hackers.
BTC.com is currently operating its business as usual, and apart
from its digital asset services, its client fund services are
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven
cryptocurrency mining company, with a long-term
strategy to create value across the cryptocurrency
industry. Its business covers cryptocurrency mining,
mining pool, data center operation and miner manufacturing. The
Company owns the world's top blockchain browser BTC.com and the
comprehensive mining pool business operated under BTC.com,
providing multi-currency mining services including BTC,
ETH and LTC. The Company also owns a 7-nanometer
cryptocurrency mining machine manufacturer, Bee
Computing, enabling the Company's self-efficiency through vertical
integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the
meaning of Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will", "expects", "anticipates",
"future", "intends", "plans", "believes", "estimates", "target",
"going forward", "outlook" and similar statements. Such statements
are based upon management's current expectations and current market
and operating conditions and relate to events that involve known or
unknown risks, uncertainties and other factors, all of which are
difficult to predict and many of which are beyond the Company's
control, which may cause the Company's actual results, performance
or achievements to differ materially from those in the
forward-looking statements. Further information regarding these and
other risks, uncertainties or factors is included in the Company's
filings with the U.S. Securities and Exchange Commission. The
Company does not undertake any obligation to update any
forward-looking statement as a result of new information, future
events or otherwise, except as required under law.
For more information, please contact:
BIT Mining Limited
The Piacente Group, Inc.
Tel: +1 (212) 481-2050
SOURCE BIT Mining Limited