Chinese Hackers Hiddenly Mined $2M

Hackers built hidden miner into plug-ins for the Internet browser - for example, to improve the speed of the Internet
10 July 2018   485

Chinese hackers were able to mine hiddenly $2M worth  cryptocurrency in 2 years. 1M devices were infected. This is reported by CoinDesk.

According to one local media, police in the Chinese city of Dalian arrested 20 employees of a computer firm who are suspected of illegally taking control of a large number of computers for illegal crypto-mining.

Hackers created a malicious program and built it into plug-ins for the Internet browser - for example, to improve the speed of the Internet - and promoted it through advertising, which was shown to 5 million users.

After the user clicked on such an advertisement and installed the plugin, his computer became infected. As a result, according to the police, malware was downloaded to more than 1 million computers, which for 2 years mined 26 million tokens of Digibyte, Decred and Siacoin.

In addition, hackers created a network of more than 100 agents to promote their illegal mining network-for example, through working relationships in the internet cafes.

Vietnam to Ban Cryptocurrency Miners Import

Vietnamese companies and citizens stopped importing mining equipment in early July in accordance with the order of the customs service of Ho Chi Minh City
13 August 2018   103

After several months of thinking, the Vietnamese authorities approved a ban on import of crypto-currency mining equipment, CCN reports.

Vietnamese companies and citizens stopped importing mining equipment in early July in accordance with the order of the customs service of Ho Chi Minh City. Representatives of the ministry said on Monday that in the first half of 2018, 3 664 devices for mining were imported to the country. 3 000 of wentfell on four enterprises, while the remaining devices were imported by individuals and companies that did not provide their tax code. Most of the devices turned are Antminer miners.

The Ministry of Finance of Vietnam for the first time proposed to ban the import of equipment for mining in June, after the authorities decided to tighten control over the cryptocurrency sector against the backdrop of the spread of fraudulent schemes. 

The Ministry of Finance demanded that state structures strengthen control over the import and use of equipment for the mining of cryptocurrencies. In July, the central bank of Vietnam agreed to support the proposal of the Ministry of Finance.

The Ho Chi Minh City Customs Authority reports that in 2017 9,300 ASIC devices were imported into the country. Cryptocurrency is not allowed for use in Vietnam. The central bank of the country refused to include it in the list of non-monetary payment means, which include checks, payment orders and bank cards. Violators of the law, including among ordinary users, face a fine of up to $ 9,000.