Chinese Police Arrest Malware Developers Who Hacked $2 Million in Crypto
The developers are responsible for hacking million of computers with total of $2 million in cryptocurrencies.
Computers were initially infected with a mining program and a mining monitoring software .
Authorities Apprehended Dozens of Suspects Connected to the Hacking.
In a joint action involving many Chinese law enforcement agencies, 20 individuals were apprehended, out of which 11 were released on bail, and 9 were detained.
The culprits are responsible for illegally controlling more than 389 million computers across China,
while a total of 1 million computers were silently mining for the hacker group.
On January 3, 2018.the team first detected a game plug-in containing a Trojan horse program.
Investigation ran uninterrupted for 2 years during which it mined more than 26 million coins — a mix between DigiByte (DGB), Decred (DCR), and Siacoin (SC), — totaling more than 15 million Chinese yuan.
Police detectives explained hacker groups tend to go for cryptocurrencies hard to mine in the market.
Once one or more digital currencies are chosen, hackers attempt to gain control of other computers through cloud computing services and install a virtual currency mining program.
For as long as these computers remain turned on, they will constantly mine cryptocurrencies in the background and transfer them back to the hacker group for a quick cashout.
Discussion
There is no joke with the chinese police. They are strict in enforcing the law.
Hacking, China not needs . We know how many mining pools in China.
Breaking down this system would mean less cash in the treasury as and for other interested parties.
Conclusion
Hacking (the robbery) will have to be sharply repaired. The biggest "thieves" often knew to end up at the stadium.
It will would be interesting to see how the current government will handle "hacking crimes".