Report: 16 Persons arrested for Monero Jacking in Japan

Coinhive has been installed by Japanese hackers on the websites with weak security to mine Monero - a privacy coin, what makes it harder to catch criminals
17 June 2018   423

A number of profile websites have been suffered from cryptojacking. This year eralier, Tesla’s website was applied by hackers in order to mine Monero with Coinhive. A bug in Drupal lead to 300 sites became infected with Coinhive, including the websites of San Diego Zoo and the government of Chihuahua. As declared in the official report of UK’s National Crime Agency (NCA), the issue is not going away in the near future:

Popular websites are likely to continue to be targets for compromise, serving cryptomining malware to visitors, and software is available that, when run in a webpage, uses the visiting computer’s spare computer processing power to mine the digital currency Monero.
National Crime Agency, the UK

The Japanese authorities have made significant progress in case of cryptojacking. Last week, it was displayed that the Japanese police was examining 3 suspects using Coinhive to run mining scripts in many sites surreptitiously. The recent report from local publication The Asahi Shimbun claimed that the police have now captured 16 persons from 10 prefectures for cryptojacking, aged between 18 and 48. The suspects had conducted their own websites, that they allegedly applied to transfer programs to the visitors of their site for mining digital money without the consent of the users.

All suspects, except one, had used Coinhive. The one person had created his own program, very similar to Coinhive and he has been detained on suspicion of making a computer virus. Although Coinhive is free to install, it processes on a 70/30 model. Only 70% of the Monero mined goes to the website operator, and the remaining 30% goes to Coinhive developers.

The individuals that had only set Coinhive on the websites they owned and not on the hacked sites, were arrested nevertheless as they did not get any permission from their visitors to mine cryptocurrencies.

Bitmain to Plan to Raise $3B Thru IPO

This reported by Bloomberg refering to "people with knowledge of the matter"
15 August 2018   111

The largest manufacturer of mining equipment Bitmain will submit a listing application to the Hong Kong Stock Exchange in September. The company plans to raise $ 3 billion during the IPO, according to Bloomberg, citing informed sources.

It is noteworthy that Cihan Wu intends to expand the range of the company's activities and bring it to the market of artificial intelligence. It should be noted that many representatives of the crypto-currency community refer to these plans with a share of skepticism.

CoinDesk argue that Bitmain intends to raise $ 18 billion, surpassing the IPO of the Facebook. In this case, the capitalization of the mining giant can range from $ 40 billion to $ 50 billion.

It also became known that the company received serious position on Bitcoin Cash, probably due to the sale of bitcoins. A number of industry experts believe that in the second quarter of 2018 Bitmain suffered huge losses.

It is worth noting that competitors of the giant Canaan Creative and Ebang can also enter the IPO in Hong Kong.