Crypto-currency mining Company, NiceHash, that dealt with a Safety Breach last month leading to a wipe-off of Bitcoin worth Rs 500 crore, has hired a new CEO. Reportedly, Zdravko Poljašević who led a Solvenian firm Kreativni najemi is set to replace Marko Kobal.

Kobal, who has gone through the phase of rebuilding after the attack, announced his decision to step down in a LinkedIn post.

He explained:

We at NiceHash are working around the clock to reconstruct our inner systems as well as a management structure.

CEO of NiceHash gave the statement that:

I SHALL NOW ALLOW NEW MANAGEMENT TO LEAD THE ORGANIZATION THROUGH ITS NEXT, EXCITING PERIOD OF GROWTH AND STAND ASIDE– THEREFORE I DECIDED TO RESIGN.

Kobal is one of the co-founders of the company.

NiceHash borrows and lend mining power and facilitates to its own users. Approximately 4,700 Bitcoin were stolen from wallets on its own server in a hacking attempt on 6th December 2017 and the solutions were ceased for over 24 hours. The top brass of the firm had to apologize to its clients in a Facebook live stream.

Afterwards, the announcement was made by the company that it will pay back the consumers that were robbed of the attack. We’ve now been able to reserve the funds necessary to revive accounts from a group of global investors in our organization, the company gave the statement. However, balances lower than 0.0001 Bitcoin will be written off, they stated.

The investigation into the security violation is still going on. Kobal had stated after the violation that prima facie the hackers were from outside Europe. The hackers had accessed the computers of the firm and stole a NiceHash engineer’s credentials. These credentials were utilized by them to get the payment method.

Author's Bio: 

Ricky Makan is a venture capitalist and Crypto Enthusiast best known for pioneering the market for Digital Marketing. He is a Co-founder of Unkrypted, a platform which provides the latest news and information that helps understand everything about the ever-evolving world of digital currencies.