23 Nov 2022

New York becomes first state to restrict cryptocurrency mining

New York Gov. Kathy Hochul (D) on Tuesday signed a law temporarily restricting cryptocurrency mining in the state over environmental concerns, making it the first state nationwide to implement such a move. The bill was delivered to the governor on Tuesday after the state legislature passed the measure in June, and

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29 Aug 2022

Crypto Mining Malware Masquerades as Microsoft Translator, Infects More Than 100,000 Users

An active cryptocurrency mining malware campaign has already infected more than 111,000 users in Germany, Israel, Poland, the U.S. and other countries, according to a report published by American-Israeli cybersecurity provider Check Point Software Technologies. Bad actors are setting traps for victims on websites of the likes of Softpedia that

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27 Jul 2022

What is Cryptojacking? Why did it surge by 269% in 2022?

Hacks and scams aren’t new to the crypto-verse. Ill doers have shown no mercy despite the gruesome bear market. They have in fact adopted new and innovative ways to pocket easy money. One such method that seems to have taken the front stage in 2022 is cryptojacking. While the term

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20 Jul 2022

Security Service of Ukraine Shuts Down Crypto Mining Farm Near Front Line in Kharkiv

Ukraine’s main law enforcement agency has busted an illegal facility mining cryptocurrencies in the Kharkiv region. The operators of the crypto farm have been minting coins using large amounts of stolen electricity, threatening energy supply to critical infrastructure, the agency said. Officers from the Security Service of Ukraine (SBU) have discovered

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20 Jul 2022

Hacking group ‘8220’ grows cloud botnet to more than 30,000 hosts

A cryptomining gang known as 8220 Gang has been exploiting Linux and cloud app vulnerabilities to grow their botnet to more than 30,000 infected hosts. The group is a low-skilled, financially-motivated actor that infects AWS, Azure, GCP, Alitun, and QCloud hosts after targeting publicly available systems running vulnerable versions of Docker,

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15 Jul 2022

Cloud-based Cryptocurrency Miners Targeting GitHub Actions and Azure VMs

GitHub Actions and Azure virtual machines (VMs) are being leveraged for cloud-based cryptocurrency mining, indicating sustained attempts on the part of malicious actors to target cloud resources for illicit purposes. “Attackers can abuse the runners or servers provided by GitHub to run an organization’s pipelines and automation by maliciously downloading

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20 Jun 2022

Capital One Hacker Convicted of 7 Federal Crimes

A former Amazon engineer has been convicted of seven federal crimes after she was caught stealing the personal data of over 100 million people. Following a seven-day trial and 10-hour deliberation by the jury, 36-year-old Paige A. Thompson was convicted on Friday(Opens in a new window) in the US District Court

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20 Jun 2022

Atlassian Confluence Server Bug Under Active Attack to Distribute Ransomware

A recently disclosed critical remote code execution (RCE) vulnerability in Atlassian’s Confluence Server collaboration platform is now under active attack, in a spate of attacks bent on deploying a variety of malware, including ransomware. Researchers from Sophos have observed several attacks over the past two weeks in which attackers used automated

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06 Jun 2022

New York’s push to ban crypto mining triggers response from community

As the state of New York pushes forward a bill that will ban proof-of-work (PoW) mining once approved, members of the crypto community express their disagreement through social media. In a Twitter thread, Jake Chervinsky, the head of policy at Blockchain Association, explained that the move will not “reduce carbon emissions”

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20 May 2022

Bitcoin Miners Face Shrinking Profitability Amid Crypto Crash

As bitcoin enters a new bear market, the mining sector is feeling the pain. Specifically, miners are seeing their profit margins dwindle as Bitcoin’s price falls and Bitcoin’s mining difficulty continues to rise. Bitcoin mining revenue potential, defined as its hashprice, has fallen some 68% from its 2021 peak and

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