Crypto scam: Hackers divert $2 million in Monero through new malware for gamers

Cryptocurrency mining malware that targets gamers, has been found taking advantage of the Monero mining algorithm. The malware, which is called “Adwind,” is not very sophisticated and does not have any features that would make it invisible to security solutions. That said, it could be more difficult for security solutions to detect the malware, or even to detect the malware using the current Monero mining algorithms.

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It’s not every day that a crypto-currency exchange sounds the alarm bells over a new malware designed to steal from players of their favorite games. Playkeys, a browser-based gaming platform, recently sounded the alarm when they noticed that a hacker had found a way to divert funds from users’ deposit addresses into their own accounts. The hackers behind the scam took advantage of software that was designed to support multiplayer gaming, which allowed them to get hold of the funds of unsuspecting players.

Online casino operators take their profits in the form of cryptocurrencies like Bitcoin and Monero, which are most often traded on the cryptocurrency exchange market. However, criminals have learned that they can easily cash out stolen cryptocurrencies through a new malware for gamers called Game Coin Stealer, which has reportedly been used to make some $2 million in Monero payments this month alone.. Read more about monero price and let us know what you think.

Summary of the situation

– Avast researchers have discovered a new cryptojacking malware that targets gamers around the world, including in India.
– The malware is nicknamed Crackonosh and is believed to be of Czech origin.

Players of Grand Theft Auto V, Pro Evolution Soccer 2018 and NBA 2K19 are being tricked into mining cryptocurrencies, and experts say they may not even be aware of it. The hackers behind the scam were able to make over $2 million in Monero (XMR).

Now hackers have turned to gamers to make more money and profit from the world of cryptocurrencies. According to an investigation by Avast antivirus software, these scammers are targeting gamers around the world.

The report points out that gamers often download games that contain malware distributed by cybercriminals.

Hackers ran a million dollar crypto scam.

Avast has been investigating and detecting more than 800 cases of crypto fraud per day. Researchers estimate that cybercriminals were able to make about $2 million in Monero (XMR) using the Crackonosh malware.

Monero is a private cryptocurrency known to hackers for its anonymity and greater traceability compared to other digital assets like bitcoin.

According to Avast, Crackonosh goes undetected because the malware has built-in mechanisms that disable security software and updates.

Experts suspect that the malware is of Czech origin. For example, the victims may be located anywhere in the world. B. in the Philippines, the United States, Brazil and even India – nearly 6% of those affected.

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Cryptojacking and Crackonosh systems install malware called miners on players’ computers. These scammers use the processing power of computers to extract digital currency.

Cryptocurrencies and players

Cybercriminals are targeting gamers all over the world, which is possible because gaming devices are equipped with the most powerful graphics chips and processors in the PC segment.

Cryptojacking is a new system of enrichment. Crackonosh is a cryptocurrency scam that works through malware, joining the number of cryptojacking that is increasing with time. Security experts have noted that the number of these Internet scams has increased over the year.

Antivirus and cyber security software company Kaspersky warned of an increase in cryptocurrency-related scams earlier this month. According to the company, there have been approximately 432,171 malware instances between January and March 2021. About 200,045 of these encounters took place in March alone.

This month, fraud and malware researchers at CISCO discovered this malware, embedded in cheating games. NTT, a Japanese technology services company, says cryptojacking malware will already account for nearly 41% of all malware by 2020.A new malware has been discovered that is being used to steal money from gamers who play crypto-currency-based games. The malware, named “Dollar Dash”, was found to be sending out spam emails with links to a website that would then redirect users’ Internet browsers to a malicious site that would send out JavaScript code that would use Javascript functions to steal the users’ XMR cryptocurrency.. Read more about monero value and let us know what you think.

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