One of the risks associated with the cryptocurrency industry is hackers and scammers who wish to take advantage of the general public and have done this through a number of ways such as password hacking, phishing systems and also Cryptojacking. Cryptojacking is a significant issue within the community as it is estimated that millions are made each year from putting malware on people’s computers and using its processing power to mine cryptocurrency without the consent of the owner. Even though more information is known about malware attacks, the strategy continues to change.
According to Slovakian software security firm Eset, the individuals behind the Stantinko botnet have been distributing a Monero mining module via YouTube onto the computers of unsuspecting victims.
Botnets and Computers
The individuals behind the botnet had previously made use of methods such as click fraud, ad injection, social network fraud, and password-stealing attacks but have since changed their tactics and have resorted to imputing their malware onto computers by way of YouTube. The botnet has been in operation since 2012 and predominantly targets users in Russia, Ukraine, Belarus, and Kazakhstan and uses their CPU processing power to mine Monero, a privacy-centric token.
The malware has reportedly already infected around 500,000 computers and masks its nefarious activities while making use of the users’ computer as a crypto mining center. YouTube allegedly has already been informed of this and is taking down all channels that are associated with the botnet and its activities. This comes just after the official Monero team announced that some of the official software for downloads on their official website might be infected with malware that enables the stealing of cryptocurrency which shows just how deeply rooted cryptojacking and crypto theft has become in the industry.
“I can confirm that the malicious binary is stealing coins. Roughly 9 hours after I ran the binary a single transaction drained the wallet. I downloaded the build yesterday around 6pm Pacific time,” said a professional investigator.