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.

Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?

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Fri, 10/23/2020 - 09:24
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Vladislav Sopov
Grayscale, undisputed giant of institutional crypto investments, is celebrating another monstrous milestone, adding a nine-digit sum to AUM in 24 hours
Grayscale Assets Under Management Surge $300,000,000 in One Day. What Does This Mean?
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Grayscale is an investment company that provides the clients with an exposure to digital currency markets eliminating the need to buy tokens. The firm does it by selling shares of 'trusts' related to certain digital assets. The recently started FOMO has already brought Grayscale's 'asset under management' (AUM) values to previously unseen levels.

Grayscale assets are on steroids

In its most recent report shared in a tweet, Grayscale Investments stated that its net AUM now surpasses $7,300,000,000. Mostly, this upsurge should be attributed to the spikes of Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC) prices.

Grayscale adds $300M to its AUM in 24 hours
Image by Twitter

Its founder, CEO of Digital Currency Group Barry Silbert, unveiled that Grayscale’s holdings added a whopping amount of value in the last 24 hours.

Added a cool $300 million in AUM in one day

In terms of separate ‘trusts’, the most impressive increase is associated with Litecoin (LTC). Its value added almost 10% bringing its total to over $34 mln. 

Bitcoin (BTC) allocation surged above $6 bln with a 5% increase. Notorious Grayscale Ethereum Trust (ETHE) added 6% and now is valued at $942 mln.

PayPal assists Grayscale

By contrast, Stellar Lumens (XLM) and Bitcoin Cash (BCH) trusts witnessed mediocre increases of 2-3%. The only integral product of Grayscale, Large Cap Trust that unites the most valuable coins under its umbrella, therefore, added less than 4%.

The numbers of Grayscale Investments positions rocketed due to the rapid spike of crypto prices associated with PayPal’s decision to add major digital assets to its instrument toolkit.

As covered by U.Today previously, PayPal announced that Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) will be added as payment methods by the end of this year.

  

Following this surprising news, Bitcoin (BTC) revisited its multi-months high over $13,000. At press time, its price has slightly retraced and flirts with the $12,800 level.

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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.)