BlackSquid Hidden Miner to Attack US & Thai PCs

The malware is distributed through malicious websites, compromised web servers, network drives, and USB drives; it uses different exploits and vulnerabilities
05 June 2019   753

Trend Micro researchers have discovered a new malware that mines the Monero cryptocurrency on users' devices, reports ZDNet.

Most of all, a new malware miner called BlackSquid is popular in Thailand and the United States. The maleware is distributed through malicious websites, compromised web servers, network drives, and USB drives. BlackSquid uses EternalBlue, DoublePulsar, server vulnerabilities CVE-2014-6287, CVE-2017-12615, CVE-2017-8464 and errors in the ThinkPHP web application.

BlackSquid uses various tricks to keep the program unnoticed. For example, if a program detects that it was running in a virtualization environment, or finds debugging tools, then the malicious functions will not be activated.

Unnoticed, the malware installs the XMRig mining script. The attack does not end there - the program also scans the system for the a video card in order to extract coins more efficiently. After infecting one computer on the network, the virus tries to spread to other systems.

Argo Blockchain to Report on x10 Revenue Increase

For the 2019, the company received Bitcoin mining revenue of £ 8.5 million, in 2018 it was £ 760,000
20 January 2020   109

Bitcoin mining company Argo Blockchain said this Monday that its revenue from its core business in 2019 increased 10 times. According to a press release on the website of the London Stock Exchange (LSE), where Argo shares are traded, for the first full year in business, the company received revenue of £ 8.5 million compared to £ 760,000 in 2018.

Argo listing on the main LSE market took place in August 2018. The data presented were not audited - the reports after the audit will be available in April.

The company clarifies that in the fourth quarter of 2019, it mined 432 bitcoins, which is six bitcoins higher than in the third quarter. However, in the last quarter, the company's revenue fell to £ 2.66 million, while in the third quarter it was £ 3.63 million.

Our mining operations continued to generate industry-best mining margin in the last quarter despite a softening in market conditions from the previous quarter. Our state-of-the-art mining platform is performing as expected and with the expansion of our mining network on pace, along with the recent rise with the price of Bitcoin, Argo is well-placed for a strong year ahead.

 

Peter Wall

Argo Blockchain CEO

 The company is increasing mining capacity in anticipation of halving and currently has 13,364 devices, including 6,375 Bitmain Antminer T17s, which were installed on January 1. By the end of the quarter, Argo intends to add another 3,625 of the same miners. It is estimated that with a full set of 17,000 devices, its computing capacity will exceed 650 petaheches.