Security Intelligence Firm Discovers Hacking Tool For Installing Crypto Mining Malware

One of the most common ways that hackers attempt to break into crypto investors’ accounts is through the use of malware. Malware infiltrates the user’s software of whichever device the hackers choose, downloading protocols that can steal identities, steal cryptocurrencies, and more. Trend Micro, a security intelligence firm, has recently discovered malware in the crypto community that is hacking accounts to mine cryptocurrency.

The malware, a tool for mining for cryptocurrency, is actually a combination of multiple threats that Microsoft Windows users have already faced – MIMIKATZ and RADMIN. The blog post on this malware from Trend Micro says,

“Between the last week of January to February, we noticed an increase in hack tool installation attempts that dropped seemingly random files into the Windows directory. Initially appearing unrelated, the analysis showed the final payload to be a Monero (XMR) cryptocurrency-mining malware variant.”

The post continues, saying,

“Using MIMIKATZ and RADMIN for propagation while exploiting critical vulnerabilities enables malicious actors to spread malware with worm-like behavior to target specific systems in industries without being immediately detected. Users are advised to regularly download patches from legitimate vendors as soon as they are released.”

Though any malware is unexpected, the fact that this type of malware is infiltrating computers is no surprise. Companies have been dealing with XMR mining malware thefts since last year. Though there are many people that have been more vigilant about the resources they download from, there is still an unfortunate number of investors that haven’t taken enough caution.

According to reports from several sources, this type of malware is believed to be the source of 4.5% of XMR presently in circulation. Many hackers have chosen this altcoin as their go-to cryptocurrency, due to the privacy and anonymity it offers them. Furthermore, it tends to be easy to mine it from an independent source, like a laptop or smartphone, that does not have as much power as standard mining equipment.

Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and EOS Price Analysis Watch (Feb 21st)

Get Free Email Updates!

*Action Required* Enter Your Email for Trending Crypto News & Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

[Author Alert] The author’s opinions above are solely based on their own self-conducted research. Assume any and all authors are using, holding, trading and/or buying cryptoassets mentioned as a portion of his or her financial portfolio. Use information at your own risk, do you own research, never invest more than you are willing to lose.

[Domain Disclosure] The crypto-community content sourced, created and published on BitcoinExchangeGuide should never be used or taken as financial investment advice. Under no circumstances does any article represent our recommendation or reflect our direct outlook. We b-e-g of you to do more independent due diligence, take full responsibility for your own decisions and understand trading cryptocurrencies is a very high-risk activity with extremely volatile market changes which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Coin Market Cap Price Change 24 Hour Volume
BTC $139.24B $7,861.6350 -1.74% $7.05B
ETH $26.33B $248.0276 -2.37% $2.81B
XRP $16.6B $0.3940 -1.95% $870.66M
BCH $7.18B $403.6840 -1.05% $869.21M
EOS $5.67B $6.2097 -1.41% $762.96M
LTC $5.63B $91.0873 -2.65% $749.73M
BNB $4.01B $28.3719 -3.44% $239.57M
USDT $2.85B $1.0031 -0.17% $6.83B
XLM $2.59B $0.1346 -4.30% $59.65M
ADA $2.14B $0.0824 -3.12% $91.36M

Get 3 Free Bitcoin eBooks for Limited Time Only

Receive three exclusive user guides detailing a) What is Bitcoin b) How Cryptocurrency Works and c) Top Crypto Exchanges today plus a bonus report on Blockchain distributed ledger technology plus top news insights.


Please enter your comment!
Please enter your name here