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   624

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. 

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
22 February 2018   69

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.