New crypto mining malware attacks Linux

The new cryptocurrency mining malware attacks Linux using Minergate’s Monero Pool
25 August 2017   4831

A cryptocurrency mining malware strikes again: the malware referred to as Linux.BTCMine.26 is actively distributed to Linux computers using default Telnet credentials. Despite its name, it does not mine Bitcoin but is interested in Monero, an altcoin which has recently surged in value after weeks of sideways trading action. Additionally, it only targets X86-64 and ARM hardware-based devices.

How it works?

The Linux.BtcMine.26 distribution scheme is pretty similar to the mechanism for infecting of Mirai. Thus, Linux.BtcMine.26 has a built-in Telnet scanner similar to the one found in the Mirai malware. For now, this scanner will only seek out IPv4 addresses, although IPv6 support may be added in the future. Once it finds a susceptible IP address, it will attempt to log in through a Telnet connection. Assuming this connection is made successfully, the malware will execute commands to download the BTCMine binary in question, themerkle.com reports.

Linux.BTCMine.26 mining malware code Linux.BTCMine.26 mining malware code

It's noteworthy, that the malware’s source code has many references to Brian Krebs, one of the industry leaders when it comes to infosec, as seems like there's a war going on between infosec journalists and cybercriminals. The code also reveals that the malware uses the Minergate XMR pool to successfully mine the cryptocurrency.

Bakkt to Release Consumer App This Year

The app can be used for a wide range of tasks, e.g., crypto and securities trading, virtual goods purchase, etc
23 January 2020   90

Institutional Investor Platform Bakkt will release an app for retail investors this year, with which users can pay with cryptocurrency.

According to the president of Bakkt Adam White at the World Economic Forum in Davos, the application can be used for a wide range of tasks. In addition to trading cryptocurrencies, it will support various virtual “goods” like points of loyalty programs.

In addition, in the future it is possible to add securities trading, as well as the creation of a portal for shops and merchants. That is, the application will be more like a traditional fintech product like PayPal than a solution from a cryptocurrency exchange.

Although the Bakkt platform was originally created for institutional investors, the new director of Mike Blandina is very serious about entering the retail market. Earlier, he said that the application for retail investors should be released in the first half of 2020.

I do not think we are there yet. What gives me optimism is that we are seeing a lot of developer interest. I am confident that someone is going to find something.

 

Adam White

President of Bakkt

 White added that the cryptocurrency market is still underdeveloped.