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   710

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.

Jihan Wu to Leave Bitmain's Board, Media Reports

According to the lawyer of Bitmain, with the transition to a new position, Wu lost his right to vote in the decision-making process of the board of directors
14 November 2018   58

The head of Bitmain Jihan Wu, resigned from the company's board of directors and moved to the position of supervisor, 8btc reports

According to the lawyer of Bitmain, with the transition to a new position, Wu lost his right to vote in the decision-making process of the board of directors, in connection with which he could no longer influence the management of the company.

According to the published document, in addition to Wu, three more functionaries left the management team. The changes allegedly took effect on November 7th.

The reasons for this decision were not disclosed. However, according to some rumors, Jihan Wu entered into an unspoken confrontation with Bitmain co-founder Mikri Zhang, since he is focused on product development in the field of AI and chip production.

In September, Bitmain filed an official application to the Hong Kong Stock Exchange for an IPO. It is currently under review.

In November, Bitmain announced plans to install 90,000 Antminer S9 devices in the Xinjiang Uygur Autonomous Region before the upcoming hard fork of Bitcoin Cash on November 15.