Malwarebytes Q3 Report: Malicious Cryptocurrency Mining Drops by 26 Percent

  • Despite a slew of articles about fake Flash Player installers that mine Monero and NSA hacking tools used for cryptojacking, mining is actually experiencing a decline

Cover image via U.Today

Despite a slew of articles about fake Flash Player installers that mine Monero and NSA hacking tools used for cryptojacking, malicious mining is actually experiencing a decline, according to a recently published report by Malwarebytes. The cases of covert mining that is conducted with the help of special malware dropped by 26 percent in Q3, which is inextricably connected to a constantly decreasing mining profitability.

Notably, the study points out that the so-called β€œcryptojacking” reached its peak during the end of 2017 when Bitcoin started inching closer to its all-time high. Except for a short-lasting spike in November, the popularity of malicious mining has been accurately reflecting the market sentiment.

 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry β€” from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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