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   2437

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. 

SEC to Accuse Veritaseum ICO of Fraud

SEC believes that project's tokensale, thru which it raised $14.8M back in 2017-2018 had a signs of scam and company misled the investors
14 August 2019   174

The U.S. Securities and Exchange Commission (SEC) has sued New Yorker  and Veritaseum-related companies that have been caught by the agency in conducting an unregistered ICO with signs of fraud. It is reported by Cointelegraph.

According to documents published on the network, the SEC intends to hold Reggie Middleton accountable and immediately freeze the assets of Veritaseum Inc. and Veritaseum LLC.

The Commission claims that the defendants raised about $ 14.8 million through an initial coin offering (ICO) in 2017 - early 2018. At the same time, many investors were misled, as the company distorted information about the conditions of the token sale and deliberately hid some significant details.

The American regulator claims that the project still has about $ 8 million of illegally raised funds. According to the SEC, these assets must be frozen immediately.

Amid this news, the Veritaseum (VERI) rate has fallen by 70%. Now the coin is trading near the $ 5 mark, although at the beginning of 2018 its rate was approaching $ 500.

Veritaseum was created as a financial p2p platform, involving the movement of capital without traditional intermediaries. Also, VERI was positioned as a utility token for use in consulting services and access to various research works.

In 2017, Veritaseum blockchain startup fell victim to hackers, having lost $ 8.4 million from ICO investors.