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   1717

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

SBI Holdings to Start Mining Chips Manufacturing

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States
22 March 2019   80

The Japanese financial conglomerate SBI Holdings announced the creation of a new enterprise that will focus on the production of chips and cryptocurrency mining systems.

The message on the company's website says that SBI Mining Chip Co. (SBIMC) is part of SBI Holdings digital asset strategy.

The new enterprise will work in partnership with an unnamed major semiconductor manufacturer from the United States, and a former head of Chip Estimate and WearSens Adam Trademan, will head it. Currently, Trademan heads the BRD mobile cryptocurrency wallet development company, in which SBI Holdings invested $ 15 million in January of this year.

Recall that its plans to launch a broad offensive against the cryptocurrency industry were announced by SBI Holdings in October 2017. Since then, the corporation has made numerous investments in various projects, and also intends to promote the mass adoption and practical use of the RR Xle XRP token.