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Android malware is taking over phones to mine for cryptocurrency
truepundit.com ^ | Posted on February 14, 2018 | by True Pundit Staff

Posted on 02/16/2018 12:06:12 PM PST by Ernest_at_the_Beach

Malwarebytes first discovered the malware when investigating a separate campaign late last month. Specifically, the team was testing a malvertising chain on Windows and Chrome that would lead to tech support scams, but when they tested the same chain on Android, they were “redirected via a series of hops to that cryptomining page.”

The page in question features a warning message and a CAPTCHA code. Until the user enters the code, the website will proceed to mine Monero cryptocurrency (XMR) at full speed. Malwarebytes found several identical domains, all of which use the same CAPTCHA code. The first was registered in November 2017, while the latest of the five domains they found (of which there may be many more) was registered less than a month ago.

Malwarebytes estimates that the five domains it identified attain around 800,000 visits per day, with visitors spending an average of four minutes on the site. It’s impossible to determine how much money this nets the crypto-miners, but the team estimates that they are only taking in a few thousand dollars a month. And yet, as Malwarebytes notes, the unpredictable fluctuation of cryptocurrencies means that the profit could increase exponentially overnight.

(Excerpt) Read more at truepundit.com ...


TOPICS: Computers/Internet; Conspiracy
KEYWORDS: android; malware

1 posted on 02/16/2018 12:06:12 PM PST by Ernest_at_the_Beach
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To: All
Anybody have experience with this?
2 posted on 02/16/2018 12:07:48 PM PST by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
Anybody have experience with this?

It will not affect many average everyday US domestic users.
3 posted on 02/16/2018 12:10:03 PM PST by TexasGunLover ("Either you're with us or you're with the terrorists."-- President George W. Bush)
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To: Ernest_at_the_Beach

Don’t have a cell phone....................


4 posted on 02/16/2018 12:13:54 PM PST by Red Badger (Wanna surprise? Google your own name. Wanna have fun? Google your friends names......)
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To: Ernest_at_the_Beach

“Monero cryptocurrency “

huh?


5 posted on 02/16/2018 12:25:15 PM PST by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: nuconvert

There are a lot of cryptocurrencys, at least 15 of them well known but there are thousands. Monero is one of the larger of them. Bitcoin is the biggest, Litecoin is probably next.


6 posted on 02/16/2018 12:37:03 PM PST by Malsua
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To: Ernest_at_the_Beach

Think I understand and appreciate the concept of crypto-currency.

However, I don’t get this “mining” for bitcoins. How does one “mine” currency?


7 posted on 02/16/2018 12:49:08 PM PST by sjmjax
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To: Ernest_at_the_Beach
And yet, as Malwarebytes notes, the unpredictable fluctuation of cryptocurrencies means that the profit could increase exponentially overnight.

Or drop to zero.

8 posted on 02/16/2018 12:51:25 PM PST by Fresh Wind (Hillary: Go to jail. Go directly to jail. Do not pass GO. Do not collect 2 billion dollars.)
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To: sjmjax
The act of using compute power to do processing ....an encumbered data stream.

See wikipedia more much more detail.

9 posted on 02/16/2018 1:03:24 PM PST by Ernest_at_the_Beach
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To: Ernest_at_the_Beach
encumbered == encrypted
10 posted on 02/16/2018 1:08:44 PM PST by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

bookmark


11 posted on 02/16/2018 3:19:10 PM PST by dadfly
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