Miners Obtain Monero Through Youtube Ads

As it was reported by several Twitter users and Ars Technica, the users of Youtube noticed their antivirus programs catching crypto mining code while watching videos on the website
29 January 2018   1298

Ars Technica reported that multiple users have have noticed suspicious advertisements appearing everywhere on YouTube, and some of them found out that those ad banners let attackers make profit mining Monero while users watched videos. Miners managed to use users' CPUs and electricity to obtain digital currency.

Youtube Mining CodeYoutube Mining Code

As the researchers from antivirus provider Trend Micro stated, the attackers behind the ads were abusing Google's DoubleClick ad platform to display them to YouTube visitors in certain countries like Japan, France, Taiwan, Italy, and Spain. The ads contained a publicly available JavaScript provided by Coinhive, a cryptocurrency-mining service, and were mining Monero cryptocurrency.

YouTube was likely targeted because users are typically on the site for an extended period of time.

Troy Mursch

Independent Security Researcher

There's no indication that attackers install any kind of malware as long as people don't click on malicious downloads. It still remains unclear how many coins were mined by the malicious ads on Youtube.

Earlier today, we have reported that there was a possibility of Monero collaborating with Litecoin cryptocurrency.

At the moment of press, these are main market parameters of Monero:

Average price: $319,32
Marketcap: $5 000 184 963
24h volume: $75 967 600

Bitmain to File IPO Application

The application was sent to Hong Kong Stock Exchange (HKEX)
27 September 2018   405

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