Hackers were using Amazon Cloud to mine Bitcoin

According to the RedLock report, hackers were able to breach into the Amazon Cloud services of two companies for Bitcoin mining
09 October 2017   3808

Hackers were able to hack into the AWS cloud services’ infrastructure of two companies in order to mine Bitcoin. According to the security firm RedLock, the two affected companies were Aviva and Gemalto. Hackers didn’t target any sensitive data of either company. The hackers were only interested to access the Amazon Cloud servers in order to mine cryptocurrencies by executing a bitcoin mining command.

According to the publication, the hackers got the opportunitty to mine due to the fact that the administrative consoles of Kubernetes were not protected by a password. It is also noted that hackers did not take advantage of access to confidential information of companies, but only used Amazon Cloud capacities for crypto currency mining.

Upon deeper analysis, the team discovered that hackers were executing a bitcoin mining command from one of the Kubernetes containers. The instance had effectively been turned into a parasitic bot that was performing nefarious activity over the internet.
 

RedLock report

The document also says that many companies pay insufficient attention to the potential vulnerabilities of their security systems in cloud services. According to RedLock, 81% of the companies surveyed are taking inadequate security measures, opening up opportunities for hacking cloud services. 

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   312

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.