Another Software Attack Hits Hundreds of Websites

Malicious software has injected hundreds of websites to mine the cryptocurrency monero
08 May 2018   848

Malicious software was uncovered by Troy Mursch, the security researcher behind the website Bad Packets Report. He wrote Saturday that more than 300 sites had been compromised by hackers who installed the browser mining software Coinhive, which mines the cryptocurrency monero, by exploiting a vulnerability in an outdated version of the Drupal content management system (CMS).

Troy Mursch told CoinDesk that while cryptojacking is not as overt as ransomware, it continues to be a problem - especially for website operators.

This is because Coinhive and other cryptojacking services malware are simply done with JavaScript. Every modern browser and device can run JavaScript, so as such, everybody can mine cryptocurrency and unfortunately Coinhive has been used and abused time and time again. In this particular case, Drupal users need to update as soon as possible.

 

Troy Mursch

Security researcher, Bad Packets Report

Affected sites include the San Diego Zoo, the National Labor Relations Board, the City of Marion, Ohio, the University of Aleppo, the Ringling College of Art and Design and the government of Chihuahua, Mexico. A full list of affected sites is available on this spreadsheet.

Affected users may not even notice that their computers are running the cryptographic functions used to generate monero for hackers. The attacks slow users computers down, however, and can cause wear and tear on computers' processors.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   92

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.