Ukrainian Cyber Police Crack Down On Cryptojacker; Suspect Installed Script On His Own Website

Ukrainian Cyberpolice Nabs Cryptojacker; Suspect To Face 6-year Jail Term

Cyber Police in Ukraine has recently arrested and detained an unnamed man who purportedly put malware on a number of his own websites for the main purpose of mining crypto illegally. This malware was created to infect the devices of the websites’ visitors and then unsuspectingly mine crypto.

Some Details Of The Crime

Even though the police did not reveal the number of websites or the specific URLs, they have reported that the websites had a combined number of monthly visitors totaling 1.5 million. The report also did not include how many of the visitors were currently infected but an assumption could probably be made that it was a large number seeing that the suspect was trying to illegally mine funds undetectably.

The police have also carried out a search on the suspect’s apartment and found a number of bank cards, computers, hard drives and a few notes which had details of his shady acts. All these have now been confiscated by the police to be used in the case in which the suspect may face up to six years in prison.

Cryptojacking Activity

As more ingenious developments are made in the crypto industry, many criminals seem to be putting in a commensurate amount of effort in the creation of a number of ways to potentially hurt individual users and possible the entire crypto market in general. In December last year, a report by McAfee Labs concluded that cryptojacking activity increased by as much as 4,000 percent.

Also, another report carried out by AT&T concluded that most institutions who offer cloud services and have been hacked in the past were most likely hacked by criminals with the sole aim of cryptojacking.

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