Tech 10 July 2018Dennis Wafula
Police in China arrest 20 linked to major cryptojacking case
The fight against illegal cryptocurrency mining continues in China, this time with the arrest of at least 20 individuals who police suspect have been part of a mega cryptojacking case. According to Chinese news outlet Legal Daily, over 1 million computers had been affected by cryptojacking activities in the country over the past two years, with the suspects generating an estimated 15 million yuan ($2.2 million) in the process.
Investigations into the cryptojacking case started earlier this year when a team from Tencent, developers of WeChat, reported to the Weifang City Public Security Bureau about a mining malware hidden in free-to-download plugins. Once a computer owner downloaded an item containing the malware, their computer system would get infected, allowing the cryptojackers remotely use their power to mine cryptocurrencies, according to the report. The malware was designed to run whenever it detected that a computer used less than 50 percent of its CPU power.
Investigations led police officers to the city of Qingzhou where the script developers were found. The Weifang City Public Security Burea handed over the case to the Qingzhou Police,who, in turn, setup a special task force to fully investigate the case. Previous arrests and prosecutions of suspected individuals in March resulted in theunraveling of the scheme, officials said.
The task force investigations also led to the arrest of some officials of Dalian ShengpingNetworkTechnology who were suspected of being involved in the cryptojacking case. The company allegedly advertised free downloads to 2.89 millioncomputers and selected over 1 million of them for cryptojacking. In total, the police arrested morethan 16 people suspected of running the operation in the company.
The police taskforce also made another breakthrough in April whenthey busted yet another company, Xunbo Network Technology Co. Ltd., for running a cryptojackingoperation. According to reports, the company included the malware in a network management software used by internet cafes in the province of Heilongjiang. Police arrested three suspects in connection to the operation.
Police reported that the cryptojacking operation has been running for the last two years. During this time, a total of 26 million DigiByte (DGB) coins, Decred (DCR) coins, and Siacoin (SC) were mined. All the arrested suspects have been charged, taken to court and are currently awaiting trial. As of this writting, 11 of the suspects have been released on bail.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Tech 22 March 2019
Blockchain analyst CipherBlade criticizes WSJ journalism, or lack thereof
CipherBlade, a blockchain investigation firm, has concluded that the Wall Street Journal (WSJ) has overstated its previous claims about the cryptocurrency exchange ShapeShift.
Tech 22 March 2019
Unwriter announces Bottle, a Bitcoin browser
Looking to find a way out of the world wide web, Unwriter has released Bottle, a new browser exclusively for the Bitcoin SV network.
Tech 22 March 2019
Money Button CEO: How to upload large files to Bitcoin SV blockchain
OP_Return has a 100KB upload limit, but Ryan X Charles will show you how you can upload much larger files with a new tool from Money Button.