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Crypto Malware Developers Arrested, Controlled 380 Mln Computers in China

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Tue, 07/10/2018 - 14:42
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Yuri Molchan
Hackers charged with infecting millions of computers in China and collecting $2 mln in mined crypto
Crypto Malware Developers Arrested, Controlled 380 Mln Computers in China
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The computers were hacked and mining software installed, and then special programs to monitor the secret mining process followed. When the program detected that the CPU is being used less than 50 percent, the miner would start minting crypto in the background.

Over a dozen suspects arrested

Working together, several governmental agencies apprehended 20 people. 11 were released and nine remained in prison.

Those individuals controlled 380 mln computers around China and one mln machines, in particular,were quietly mining virtual coins for them.

During two years the malware mined over 26 mln coins– Siacoin and a few others. That amounted to over 15 mln yuan.

According to the authorities, a large company Dalian Yuping Network Technology Co., Ltd. was involved in the whole process.

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Siacoin and Monero most popular

Siacoin has been connected to several cases of crypto jacking recently. In June over 100,000 public computers were infected in China, across 30 cities, to secretly mine crypto coins.

Monero has recently been mined illegally too– through MacBooks. A Palo Alto Networks report says that five percent of the total supply of Monero was mined in an illegal way.

Anyway, crypto jacking remains a big issue in 2018.

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About the author

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets. 

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.