Cryptojackers from Blue Mockingbird Group Infect Thousands of Enterprise Systems to Mine Monero (XMR)

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Mon, 05/25/2020 - 17:18
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Alex Dovbnya
Cryptojacking group Blue Mockingbird has already managed to infect thousands of enterprise computers by exploiting a popular vulnerability
Cryptojackers from Blue Mockingbird Group Infect Thousands of Enterprise Systems to Mine Monero (XMR)
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According to a new ZDNet report, Blue Mockingbird, a group of cryptojackers, has managed to gain unauthorized access to enterprise systems in order to mine Monero, a popular privacy-focused cryptocurrency.

Denver-based cybersecurity technology company Red Canary claims that the group of hackers behind this most recent illegal mining campaign has been active since late 2019.

A widespread vulnerability  

The report states that Blue Mockingbird is so far responsible for about 1,000 infections over a relatively short period of time.

However, the firm notes that the scope of the cryptojacking operation might be underestimated.

In order to infiltrate enterprise systems, the hackers behind Blue Mockingbird were able to exploit a rather common security vulnerability in the Telerik ASP.NET UI product.

Companies are encouraged to monitor their servers in order to detect a Blue Mockingbird attack early on.

Back in April, Hacker News reported that another botnet called ‘Vollgar’ had compromised thousands of Microsoft servers to mine Monero.  

Monero as the source of monetizing 

Monero allows obfuscating the information about the sender and the receiver of a certain transaction. This makes it the most popular choice with cryptojackers who have switched from energy-intensive Bitcoin to anonymity-focused altcoins. 

Cybersecurity provider ESET revealed that cryptocurrencies became the main source of monetization for the Stantinko botnet that has been around since 2012.

Recently, the Slovak firm also revealed new obfuscation techniques that are used by the botnet to bypass detection.

Usually, cryptojacking campaigns pick up pace in tandem with the price of Monero. This was the case last year when the leading privacy coin reached $115 last summer. 

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with 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, can be contacted at alex.dovbnya@u.today.

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)