Ga naar de inhoud

Blockchain News Feed

All the latest news on Blockchain & Cryptocurrencies

Menu
  • Home
  • News
  • Exchanges
  • Market Analysis
  • YouTube
  • Brave Browser
Menu

Chinese Internet Cafes Hacked to Mine $800,000 Worth of Siacoin Cryptocurrency

Geplaatst op juni 19, 2018 door Blockchain News

Chinese Internet Cafes Hacked to Mine $800,000 Worth of Siacoin Cryptocurrency

Chinese Internet Cafes Hacked to Mine $800,000 Worth of Siacoin Cryptocurrency

Hacking cryptocurrencies has become the new trend amongst the hacking elite. The latest hackers have joined hands with computing maintenance firms in China to hack into computers in internet cafes to mine cryptocurrency.

The police have caught the 16 suspected hackers from Rui’An city in Zhejiang province. They have gained 5 million yuan ($800,000) by hacking 100,000 computers placed at internet cafes across 30 different Chinese cities. These series of hacks have taken place since July, last year.

This time it was not Monero coins that were mined but instead Siacoin.

Sia is a decentralized storage platform secured by Blockchain technology. The Sia Storage Platform leverages underutilized hard drive capacity around the world to create a data storage marketplace that is reliable and lower in cost than cloud storage providers.

Siacoin was mined using a malware which was marketed through the computer maintenance firms. The computer maintenance firm injected the malware to the computers in the internet café with no one’s knowledge.

The hacks keep getting smarter and more notorious!

According to reports, the chief mastermind is thought to be by the network technician of an internet café software company, Jinhua. He is believed to have created the mining program.

The computers in the internet cafes started becoming slow, at usages rates at 70% which led the internet café owners to believe something uncertain was happening.

The computers got slow, but the electricity bill started hitting the roof which led the owners of the internet cafés to report the case to the local police.

“So many computers collectively poisoned, and every month electricity bills go up. This business simply can’t be done,” one internet cafe owner said.

Most of the internet cafes in Rui’An used the same unnamed computer maintenance firm which was hard hitting evidence that the maintenance firm was involved.

The reports of this cybercrime is a unique type of crypto jacking scheme and is said to be the main reason for the hike in Siacoin last year. The crypto jacking style implemented in this case was very aggressive and did not care much about being caught, while the only motto was to mine as many Siacoins as possible!

Image Source: “Flickr”

The post Chinese Internet Cafes Hacked to Mine $800,000 Worth of Siacoin Cryptocurrency appeared first on Toshi Times.


Source: Toshi Times
Original Post: Chinese Internet Cafes Hacked to Mine 0,000 Worth of Siacoin Cryptocurrency

Ledger Nano X - The secure hardware wallet

Recente berichten

  • ZachXBT slams Bitcoin bridge Garden Finance for laundering hacked funds
  • Blockdaemon launches non-custodial staking and DeFi stack for institutions
  • Bitcoin gets Fed rate pause 'tailwind' as BTC eyes $106K short squeeze
  • Europe’s first Bitcoin treasury firm buys another $20M BTC, now holds over $170M
  • Analyst: Prepare for a 530% XRP price breakout to $14 if this happens

Categorieën

  • Altcoin Buzz
  • Altcoin Buzz News
  • AMBcrypto
  • Bitcoin.com
  • Bitcoinist
  • BTC Manager
  • CCN
  • Coin Mastery
  • Coindesk
  • Coinpower News
  • Cointelegraph
  • CryproSlate
  • Crypto Daily
  • Crypto News (.net)
  • Cryptocoin News
  • Cryptocurrency News
  • CryptoDaily.co.uk
  • CryptoPotato
  • CryptosRUs
  • Daily HODL
  • DataDash
  • Ethereum Worldnews
  • Exchanges
  • ICO's
  • Invest in Blockchain
  • Market Analysis
  • News
  • News BTC
  • Newsbit
  • Portfolio
  • Pricecheck
  • Ready Set Crypto
  • The Modern Investor
  • ToshiTimes
  • Use The Bitcoin

Archieven

  • juni 2025
  • mei 2025
  • april 2025
  • maart 2025
  • februari 2025
  • januari 2025
  • december 2024
  • november 2024
  • oktober 2024
  • september 2024
  • augustus 2024
  • juli 2024
  • juni 2024
  • mei 2024
  • april 2024
  • maart 2024
  • februari 2024
  • januari 2024
  • december 2023
  • november 2023
  • oktober 2023
  • september 2023
  • augustus 2023
  • juli 2023
  • juni 2023
  • mei 2023
  • april 2023
  • maart 2023
  • februari 2023
  • januari 2023
  • december 2022
  • november 2022
  • oktober 2022
  • september 2022
  • augustus 2022
  • juli 2022
  • juni 2022
  • mei 2022
  • april 2022
  • maart 2022
  • februari 2022
  • januari 2022
  • december 2021
  • november 2021
  • oktober 2021
  • september 2021
  • augustus 2021
  • juli 2021
  • juni 2021
  • mei 2021
  • april 2021
  • maart 2021
  • februari 2021
  • januari 2021
  • december 2020
  • november 2020
  • oktober 2020
  • september 2020
  • augustus 2020
  • juli 2020
  • juni 2020
  • mei 2020
  • april 2020
  • maart 2020
  • februari 2020
  • januari 2020
  • december 2019
  • november 2019
  • oktober 2019
  • september 2019
  • augustus 2019
  • juli 2019
  • juni 2019
  • mei 2019
  • april 2019
  • maart 2019
  • februari 2019
  • januari 2019
  • december 2018
  • november 2018
  • oktober 2018
  • september 2018
  • augustus 2018
  • juli 2018
  • juni 2018
  • mei 2018
  • april 2018
  • maart 2018
  • februari 2018
  • januari 2018
  • december 2017
  • november 2017
  • oktober 2017
  • september 2017
  • maart 2017
  • juni 2016
  • juli 2014
  • september 2013
  • augustus 2013
©J Blockchain News Feed | Ontwerp: Krant WordPress thema