Top Cryptocurrency Attacks of 2018
January 9, 2019 12:37 pm
This article will take you through the most significant hacks as well as attacks of 2018 in the world of cryptocurrencies. But first, let’s look at the most common types of attacks.
This ransomware spreads through phishing websites, malicious files, and freeware. It encrypts files on the targeted computer and asks the user for a ransom of 0.01 Bitcoin in exchange for the encryption key.
A cryptocurrency mining malware developed to target Mac users. It utilizes the computer’s CPU and GPU power to mine cryptocurrencies without the user’s consent. There is plenty of mining malware for Windows such as CoinHive. Commonly spread through the download of malicious files and installers.
Masked as a screensaver, Goner utilizes Microsoft’s Outlook email to send the copies of this program to all contacts in a person’s mailing list. The virus is also known to secretly remove security-related files from the computer.
By using evasion, propagation and infection techniques, MyloBot gains complete control over the computer. It also disables the firewall, Windows Defender and Windows Update on the computer. This malware is primarily used by hackers as a payload for keyloggers, trojan and more.
This is a cryptocurrency mining malware leaked by the Shadow Brokers hacker group. This malware is a part of the highly dangerous WannaCry ransomware that has affected computers all across the globe.
Red Alert 2.0
Primarily focused on the Android operating system, this malware masks itself as a genuine app such as Viber or even Whatsapp. Once downloaded, the user is presented with a prompt to enter their credentials which are then sent to the hacker. Red Alert can block communication such as calls and SMS to increase the time a hacker needs to execute their strategy.
Now, let’s revisit some of the biggest crypto hacks and attacks in 2018
- BlackWallet hacked, loses $400,000
- CoffeeMiner attack uses public Wi-Fi networks for cryptojacking
- Coincheck hacked, loses $530 million
- BitConnect shuts down amidst Exit scam
- Russian Federation Nuclear Center arrests employees for cryptocurrency mining using a one petaflop supercomputer
- Mining malware infects UK’s government websites, Information Commissioner’s Office (ICO), Student Loans Company (SLC_ and UK National Health Service (NHS), Scotland
- US and Australian government sites also get infected by mining malware
- Binance faces the aftermath of a credential stealing scheme through phishing
- Palo Alto Network published an analysis on ComboJack malware that stole Bitcoin, Litecoin, Monero and Ethereum
- Coinsecure’s Chief Strategy Office (CSO) accused for the loss of $3.3 million worth of Bitcoins
- Bitcoin Gold (BTG) falls victim to a 51 percent attack, causing a loss of $17.5 million
- The startup Taylor loses all its cryptocurrency to hacks, amounting to $1.5 million
- Coinrail loses $40 million from wallet due to cyber attack
- Bithumb loses $31.5 million to hackers
- Block Broker steals $3 million from traders
-Bancor’s wallet get compromised causing a loss of $23.5 million
- The mastermind behind BitConnect’s exit scam get arrested in Dubai
- Chinese citizens held for theft of $87 million in cryptocurrencies
- Zaif loses $60 million to cyber attacks
- Jaxx wallet gets compromised, ends up spreading malware
- Monero vulnerability allows hackers to steal cryptocurrencies
- An Australian woman steals $AU 450,000 worth Ripple tokens
- Pincoin pulls off a $660 million ICO exit scam
- St. Francis Xavier University, Canada shuts down network to stop cryptocurrency mining
- Researchers discover a highly elusive cryptojacking malware DarkGate
- 21 year old steals victim’s life savings through SIM swap attack
- AriseBank CEO Arrested over $4 million cryptocurrency fraud
- North Korean Hackers Target Crypto Investors
- Coinflux freezes operations following CEO’s arrest
As technology continues to evolve, hackers are always coming up with new ways to gain unauthorized access. This serves as a gentle reminder for users to be mindful when clicking a suspicious looking link and downloading files from unknown sources to remain safe.