Browsers hijacked to mine crypto for hackers

The new “malvertising” to harness the computing power of unsuspecting visitors to certain websites for the purpose of mining cryptocurrencies
18 September 2017   2780

Cryptocurrency world has suffered a lot from the hackers.
Now, an unknown hacker or group of hackers has targeted some video streaming and gaming sites with “malvertising,” which uses online ads as channels to transmit script that causes visitors’ browsers to mine altcoins for the perpetrator, as reported by an ESET malware researcher Matthieu Faou. 

Malvertising - the practice of delivering malicious code to a website via an online ad network without the victim actually downloading anything to the affected device. According to ethnews.com, advertising network operators are unaware of the malicious content being sent to websites on the network. The content contains code that can adversely impact the browsing experiences of these sites’ users and potentially even put their privacy at risk.

While cryptocurrencies like Bitcoin now require specialized hardware to mine them effectively, Feathercoin and Litecoin, two of the cryptocurrencies sought by the perpetrator(s) of this attack, are designed to be minable via regular CPUs.

According to Faou’s post, all the Feathercoin malvertising scripts analyzed by the ESET team contained a single wallet address, suggesting a single perpetrator or group of perpetrators. The other crypto mined, Monero, is among the most anonymous of cryptocurrencies, and thus the team could not ascertain whether all the Monero mined through these attacks was sent to a single wallet. 

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   94

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.