Cloud Mining Provider Drains Bitcoin From User Balances

Cloud mining services do not have the best of reputations in the world of Bitcoin and virtual currency. Most of these cloud mining companies have been struggling to make ends meet, which can be partially blamed on the low Bitcoin price. On the other hand, there have been quite a few cloud mining services who have turned out to be Ponzi schemes. It looks like has deliberately made some wrong moves to defraud customers in the past few days.

Also read: XScrypt Cloud Mining Provider Shows True Ponzi Colors?

Disclaimer: The views expressed are those of the author and not necessarily those of Bitcoinist. – Recovering From a Hack and Loss of 3,500 BTC



Most people were not surprised when announced their platform got hacked a few months ago. Cloud mining companies attract a lot of attention from investors, but also from hackers and people with less than honorable intentions. With the platform keeping a large portion of funds in their hot wallet, it was only a

Read more ... source: Bitcoinist