Cryptocurrency Miner Spreading via Facebook

Trend Micro Inc. found a new cryptocurrency-mining bot which mines Monero coins in the background while infected users browse the Internet
22 December 2017   1257

Trend Micro Inc. ,a Japanese multinational cyber security company founded in Los Angeles, published a report yesterday, stating that the company found a new cryptocurrency-mining bot spreading through Facebook Messenger. 

Digmine, as it was called, appears in the chat as not a built-in video file. When the user activates the file, the so-called video downloads components from a remote server to install the Chrome extension. Then the extension uses personal Facebook data to send it to friends of the user.

Digmine mines cryptocurrency in the background, while infected users browse the Internet. The component for mining, represented as codec.exe on a PC, is a modified version of Monero Miner with open source code called XMRig. It remains in contact with the remote server while it generates Monero coins.

Digmine Digmine’s attack chain

According to Trend Micro, Digmine is spreading in many regions such as South Korea, Vietnam, Azerbaijan, Ukraine, Vietnam, Philippines, Thailand, and Venezuela.

GMO Internet to Release 7nm Bitcoin Miner

Mass production is planned to begin on June 6;  shipment starting by the end of October
24 May 2018   132

Japanese IT-company GMO Internet intends to release the world's first devices for bitcoin mining based on 7-nm chips before the end of this year. This is reported by Coindesk.

The company will start production of the new B2 miner on June 6, and its deliveries will begin in late October.

The announcement was made after several months of research and development of technology for the future device. Company reported on its plans to develop ASIC miner last September. It is expected that the device will be able to provide greater computing power with less electricity, but more detailed information will be provided along with the official announcement in June.

In addition to selling B2 to other miners, GMO Internet plans to install new devices on its own farms. Last year, the company allocated $ 90 million to develop its own business in this area.