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   1940

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.

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   454

The largest mining company Bitmain has submitted to the Hong Kong Stock Exchange (HKEX) listing application for an initial public offering (IPO), according to CoinDesk.

The application is a draft option, and some of its details, in particular the number of shares offered for sale and the immediate date of the IPO, are still in the process of editing.

Nevertheless, the document indicates that last year Bitmain's revenue was $ 2,517,719,000. This figure is higher than in 2016 ($ 277,612,000). As of June 30, 2018, the company's revenue was $ 2,845,467,000.

The application said that in 2017 the gross profit of the company was $ 1 212.7 million, which is also higher than in 2016 ($ 151,351,000).

Earlier, the head of Bitmain, Jihan Wu, expressed his indignation over the actions of the company's chief financial officer, who disclosed the figures for the first quarter 60 days after his end, and not after 90, as he had expected.

The media suggested that in the run-up to the IPO the publication of such information could have a negative effect on the company's investment attractiveness.

In addition, the document confirmed the media's information that Bitmain owns a 3% stake in Opera's Internet browser thanks to an investment of $ 50 million.

The application also indicates that the underwriters of the IPO are China International Capital Corporation Hong Kong Securities Limited, Commerce and Finance Law Offices, Maples and Calder LLP, KPMG and Frost & Sulliva