Monero (XMR) Was Hit By Hackers – Mining Malware Attack Makes Over 200,000 Victims
Unfortunately, bad news hits Monero (XMR) as it was attacked by hackers during the past few days.
BCFocus just reported that there’s a vulnerability present in Monero which made it possible for hackers to loot XMR from crypto exchanges.
200,000 routers have been hacked
This time, it seems that more than 200,000 routers have been hacked using a malware in Brazil to secretly mine XMR.
The online hackers seem to have targeted only a specific brand of routers – Micro Tik.
Simon Kenin a researcher from TrustWave was the one who discovered the attack and first reported details about it.
“Let me emphasize how bad this attack is, there are hundreds of thousands of these devices around the globe, in use by ISPs and different organizations and businesses, each device serves at least tens if not hundreds of users daily,” he began to explain.
Kenin continued and said that “Miners, on the other hand, can be a lot more stealthy, so while a single computer would yield more money from ransomware if the user ends up paying, an attacker would prefer to run a stealthy miner for a longer period of time. The plan is that at some point the mining would be as profitable as, if not more than, the one-time ransom payout.”
The malware affects computing power
The malware does not hack wallets and doesn’t steal from crypto dealers but instead, it affects the computing power of a certain system and it also extracts a lot of electricity.
It secretly mines Monero from a system and the users don’t have a clue about what’s happening or that something is happening.
The malware ran the coinhive script that’s usually used for mining XMR in the background while users kept working on the system.
Forbes also reported that a small microchip that’s used within the routers that have been affected basically helped the hackers in their process of mining Monero.
Andreas Townsend Author
I am a technical writer, author and blogger since 2005. An industry watcher that stays on top of the latest features, extremely passionate about finance news and everything related to crypto.