This Crytojacking Malware ‘Enslaved’ 500,000 Computers to Mine Monero and Steal Users’ Data

Libra Coin News
Wed, 08/07/2019 - 13:14
Alex Dovbnya
Cryptocurrency mining malware is alive and well in 2019, taking an event more malicious form 
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According to ZDNet, an advanced form of cryptojacking malware called Smominru has managed to infiltrate more than half a million computers to stealthily mine Monero, the most popular privacy coin.

To top that off, the malicious software is also able to harvest the victims’ access data, which marks another step in the evolution of illicit mining.

Cryptojacking and data theft

At first glance, Smominru’s modus operandi isn’t different from a plethora of other cryptojacking operations. After successfully wreaking havoc with the machine, bad actors use its CPU power to mine Monero and then transfer XMR to their wallets.

However, the malware also boasts a data-harvesting module to steal information that could be later sold on access marketplace. The Carbon Black researchers, who were cited by ZDNet, assume that hackers could profit off selling access to hijacked systems on the dark web.

Based on the specific system details they gathered, it is plausible this information could be sold on an access marketplace, allowing for remote access into these systems for use as zombies in large-scale attacks or to execute targeted attacks on specific hosts at specific companies.

The darling of hackers 

As reported by U.Today, Monero is responsible for more than four percent of Monero’s total circulation supply. The top altcoin coin is known for its ASIC-resistance, which means that it can be mined with the help of ‘good old’ CPUs and GPUs. Smominru hackers used a custom version of XMRig for that purpose.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with an extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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