---
title: "Video: CEO & CTO Apologize After $70M Bitcoin Hack"
description: Executives apologize after the hack. They share how hackers got in and asked for customer support.
---

[SecureWorld News ](https://www.secureworld.io/industry-news)

# [Video: CEO & CTO Apologize After $70M Bitcoin Hack](https://www.secureworld.io/industry-news/video-ceo-cto-apologize-after-hack)

 Written by [SecureWorld News Team](https://www.secureworld.io/industry-news/author/secureworld-news-team) | Fri | Dec 8, 2017 | 3:55 PM Z

Blame it on compromised credentials.

That's the word from those who run Bitcoin mining company NiceHash. 

The company has endured [some hot reactions](https://www.secureworld.io/industry-news/70-million-in-bitcoin-stolen-in-major-crypto-currency-heist) after having 70 million dollars worth of Bitcoin allegedly stolen from its digital wallet this week.

Now, the company's CEO and CTO have taken to Facebook Live, telling the world more about what happened and asking for the community's support.

Forward this video to the 1:20 mark because that's where they start their apology and share about the investigation:

<https://www.facebook.com/NiceHash/videos/2013146182237851/>

Is this the best way for a 4 year old company to address something like a $70M heist?

[View full post](https://www.secureworld.io/industry-news/video-ceo-cto-apologize-after-hack)

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