Altcoins News, Top stories

Developers who infected 389 million computers with malware arrested

Although China said no to cryptocurrency, they are still finding it hard to control mining activities given that some coins like Monero do not need massive computing power to mine like bitcoin and other digital cons. But as China beefs up its watch on illegal crypto mining, they are now hunting developers who create code and implant it on computers to assist them to mine the cryptos. In China, developers who infected 389 million computers with malware have been arrested.

The culprits who are malware developers have allegedly acquired 2 million US dollars worth of crypto. The developers infect the computers with a mining software and another software which tracks the CPU usage of computers.  Whenever the CPU usage of a computer falls below half, the mining program starts mining in the background.

After the Chinese authorities were alerted of the developers by Tencent Keeper Program, they came together to hunt for the culprits. Although eleven developers were released on bail, nine of them are behind bars. The developers target the lesser known coins like Siacoin, DigiByte, and Decred.

The security authorities who were trailing the developers indicated that the mining program was meant to mine virtual currencies as long as the computers are switched on. Also, the hackers gain access to and control of computers using virtual computing services.

With crypto mining malware increasing every day, this is a rare case where the malware developers are apprehended by security organs. Reports have emerged indicating that illegal use of other peoples’ computers to mine virtual currency will be one of the hardest to deal with in the cryptocurrency space. From statistics, cryptojacking attempts have massively increased in 2018 compared to the previous year. Monero remains one of the most maliciously mined digital coins.

Do you think the developers who infected 389 million computers with malware should be heavily charged or should the general public be educated on how to detect a malware?

Lets us know your thoughts in the comments section below.

coinmag

Philip is an experienced blogger keen on staying updated with trends and news surrounding the blockchain and Bitcoin space. With several years of freelance experience in various industries, Philip brings his knowledge and experience into the crypto space.

Leave a Comment

Your email address will not be published. Required fields are marked *