Excellent Bitcoin mining pool BTC.com reported shedding $3 million worth of digital resources in a cyber-assault applied earlier this month.

In a press release on Monday, NYSE-listed BIT Mining mentioned that its subsidiary BTC.com skilled a cyber-assault on Dec. 3. Hackers stole digital resources worth $700,000 from BTC.com’s purchasers and $2.3 million from the firm.

The company mentioned it had alerted native law enforcement authorities in Shenzhen, China and an real investigation commenced on Dec. 23. BIT Mining mentioned it has already secured a few of BTC.com’s digital resources as a results of this coordination with authorities.

“BTC.com is currently working its industry as standard, and as adverse to its digital asset companies and products, its client fund companies and products are unaffected,” read the announcement.

BTC.com is the seventh-finest mining pool accounting for 630874.3861 peta hashes per 2nd, which amounts to 2.5% of Bitcoin’s total hash charge. Its dad or mum firm BIT Mining’s shares declined 17% on Monday and are down 97% yr-to-date.

Crypto mining corporations bear had a tough yr plagued by an increasing mining self-discipline and a declining Bitcoin mark. Per data from Y Charts, Bitcoin mining self-discipline hit an all-time high of 36.95 trillion hashes on Dec. 4. The plot bigger in self-discipline normally occurs when reasonably heaps of participants strive and mine Bitcoin, implying a elevated stage of competition in the market.

The heightened competition, coupled with basically detrimental mark motion from Bitcoin itself has led most miners to a dire scenario of high capital expenditure with runt to no profits. Remaining week, fundamental Bitcoin miner Core Scientific filed for Chapter 11 economic extinguish, reporting a $650 million loss over a 3-month length.