Korean Miners Caught Using Factory Electricity

From 100 to 350 mining devices were installed by each company
02 April 2018   615

South Korean police arrested 14 people from 13 companies for illegally using cheap electricity to mine cryptocurrencies at industrial complexes.

Mining activities were taking place in four different complexes in the city of Gwangju. Illegal miners had 10 percent lower electricity costs compared to companies in general areas, as well as lower rents.

From 100 to 350 mining devices were installed by each company; mining process started since May 2017.

Six companies were located in 

  • Hanam
  • Nano
  • Pyeongdong

Industrial Complexes.

This isn't the first time miners are suspected in illegal using of subsidized electricity in public or office areas in the country. August 2017, an electronics retail marketplace in South Korea reportedly took the unusual step of outlawing vendors from mining bitcoin in their stores.

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   243

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.