Monero HiddenMiner Can Cause Device Crash

New malware can literally destoy users' devices while mining XMR
29 March 2018   717

Trend Micro, a company specializing in cyber security, reports a new type of malware for Android.

When installed, Malware will mine Monero using the smartphone processor until it exhausts all resources or the mobile device does not break.

In the code of HiddenMiner there is no controller, switch or optimizer, it constantly mines the Monero, right up to the mobile device overheating.

If the researchers' warnings are correct, this is not the first malicious software that can kill your smartphone: last year there was a case when Loapi Android malware exploited device so hard that the smartphone its battery swelled and cracked the back of the device, destroying the mobile device within 48 hours.

Trend Micro reports that the new malware has some similarities with Loapi. With the help of HiddenMiner, one of its operators produced 26 XMRs - about $ 5,360 - from one of the wallets.

HiddenMiner is an application on Google Play and forces users to activate it as a device administrator.

HiddenMiner
HiddenMiner

It will constantly appear until the victim presses the "Activate" button; after granting permission, HiddenMiner will start minning Monero in the background.

It is difficult to delete a miner, it blocks such user actions.

Japan to Give First Jail Sentence For Hidden Mining

Unemployed 24-year-old resident of the city of Amagasaki received one year's imprisonment with a three-year suspended sentence
03 July 2018   306

The Japanese court for the first time issued a guilty verdict for using a hidden mining of cryptocurrency, Bitcoin com reports.

On July 2, the Sendai District Court sentenced an unemployed 24-year-old resident of the city of Amagasaki, Hyogo Prefecture, to one year's imprisonment with a three-year suspended sentence.

This verdict was the first decision in the case of the spread of the browser-based CoinHive Miner to other people's computers for the hidden mining of Monero.

In the autumn of 2017, three suspects created websites that installed a virus-mining program on their devices without their consent.

One of them, the law enforcement agencies of Japan have imposed a fine of 100 thousand yen (about $ 900) for the illegal deployment of the virus. He himself, however, argued that in fact this program is not a virus, but is "a method similar to what is used to distribute online advertising."

Since June 18, the Financial Services Agency of Japan (FSA) has banned anonymous crypto-currencies, including Monero, because of the potential for their use in fraudulent purposes.

Also this week it became known that the Agency is considering the possibility of changing the regulatory and legal framework for controlling exchange operations with bitcoin and other cryptocurrencies.