New crypto mining malware attacks Linux

The new cryptocurrency mining malware attacks Linux using Minergate’s Monero Pool
25 August 2017   4859

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.

OKEx Ex-CEO to Intend to Raise $40M

Funds are needed for the new exchange called ACDX, which will offer  futures, options, revocable bear/bullish contracts and more
06 February 2020   559

Andy Cheung, who until recently was the operating director of the OKEx cryptocurrency exchange, will open a new derivative trading platform ACDX by the end of the first quarter, CoinDesk reports. The exchange will offer its clients futures, options, revocable bear / bullish contracts, debt contracts and fixed coupon notes.

One of our main goals for the exchange is to provide retail investors with ... structured products that are more commonly used by accredited crypto investors and wealth managers.

 

Andy Cheung

Former chief operating officer at OKEx

In the future, ACDX plans to reach a global level, but first of all it will gather a client base in Asia, using the connections of Cheung and partners in Hong Kong and China. In preparation for the launch, she intends to raise $ 40 million through the sale of tokens and shares in her business to crypto funds, private investment firms and family capital management companies in Europe and Asia. 

We have over $4 million so far and most of the money comes from our own funds. We are in talks with potential investors and likely to announce new investments in the next two months.

 

Andy Cheung

Former chief operating officer at OKEx

To date, ACDX has hired more than 25 employees, including eight developers who are preparing the trading platform for launch.