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Internet Providers Caught Deploying Crypto Mining Malware

Internet providers caught deploying crypto mining malware

Internet Providers Caught Deploying Crypto Mining Malware

Internet providers caught deploying crypto mining malware

If it wasn’t bad enough with hackers and dodgy websites trying to hijack your computer hardware to mine some crypto coins, ISPs have been discovered doing it also. Governments, or agencies closely linked to them, have been caught commandeering local internet connections in order to inject mining malware.

Turkey, Syria and Egypt Fingered

Fingers have been pointed at internet providers in Turkey and Syria which have been secretly injecting surveillance malware, while those in Egypt have been using the same technology to inject browser based mining malware.

According to reports ISPs in these three countries are using Deep Packet Inspection technology from Sandvine to intercept and manipulate web traffic and end users’ computers. The technology allows internet providers to prioritize, degrade, block, inject, and log various types of internet traffic on a packet by packet basis.

Turkey’s Telecom network has been using Sandvine PacketLogic devices to redirect hundreds of targeted users to malicious websites and spyware. Similar incidents were recorded in Syria whereby users have been redirected to spurious versions of antivirus software containing government malware.

In Egypt telecoms operators have taken a step further and are using the technology to secretly inject crypto mining scripts into every HTTP page that users accessed. Researchers at Citizen Lab found that providers were using a scheme called AdHose to covertly raise money by mining the anonymous altcoin Monero;

“We found similar middleboxes at a Telecom Egypt demarcation point. The middleboxes were being used to redirect users across dozens of ISPs to affiliate ads and browser cryptocurrency mining scripts.” 

Massive Mining Malware Outbreak Halted

In a related story cyber security experts at Microsoft were able to halt a huge outbreak of mining malware this week. Windows Defender researchers discovered the Trojans spreading rapidly across Russia, Turkey and Ukraine, affecting over half a million computers.

The malware dubbed ‘Dofoil’ carried a crypto mining payload which would hijack the hardware of the victim’s machine to mine for the cryptocurrency Electroneum.  Microsoft released a statement on the outbreak which stated;

“Dofoil is the latest malware family to incorporate coin miners in attacks. Because the value of bitcoin and other cryptocurrencies continues to grow, malware operators see the opportunity to include coin mining components in their attacks. For example, exploit kits are now delivering coin miners instead of ransomware. Scammers are adding coin mining scripts in tech support scam websites.”

Not only do we have to contend with hackers and cyber criminals jumping on the crypto train and looking for a quick buck. Those unfortunate enough to have to use Egyptian internet services will have their government trying to hijack their computers too.

Published at Sat, 10 Mar 2018 08:00:40 +0000

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Trade.io – Blockchain Trading Platform Makes Traders Owners and Shares the Profits

Has the post-2008 bank cleanup allowed the banks to mop up more client money? Despite tighter financial regulation, banks are behaving like teenagers with no house rules. Not only are financial services fees rising, but it is becoming harder to see what big banks are doing with their money.  In fact, about 10 percent of big money trades now take place in the ‘dark pool’—faceless financial exchanges where traders can hide their identity.

The operation of financial services on the Blockchain is proving that innovation can succeed where regulations are failing. Over the digital ledger, cryptographic proofs replace intermediaries and their high fees while a smart contract monitors compliance in real time. Conducting financial transactions over a peer network of transparent nodes is rebuilding trust in the financial system.


A self-regulating repository of the truth

Trade.io is one of the revolutionary financial exchange models providing a solution to the financial system flaws that keep regulators up at night. On a transparent  Blockchain platform, trading partners are accountable for their activity since transactions are transparent and traceable. The trading record is irreversible, making it difficult for a corrupt broker to manipulate the market to increase his commissions.

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Democratizing crypto exchanges

Trade.io aims to be a model of the sharing and trust economy. Since investors in the Trade Token, the trade.io trading currency, take an ownership interest in the exchange and profit from its success, the incentive of members to cooperate rather than cheat is high.

Trade Token holders become investors in the trade.io Liquidity Pool. Fifty percent of the revenues (or losses) of the liquidity pool are deposited (deducted) daily to the wallets of pool participants. The distribution is based on a pro-rata allocation of each member.  A member with 500-999 tokens locked on the pool will receive 10 percent profit participation, while a member with over 5,000 tokens locked-in will receive 100 percent of the profit plus a 10 percent bonus. Revenue is generated from a number of sources, including trade spreads, commissions, P2P margin lending fees and investment banking fees.  

Trading on the trade.io platform is conducted with the Trade Token. The token is more than a medium of exchange at a lower cost than traditional exchanges. It also provides membership in the liquidity pool through the trade.io wallet. The membership fee, which allows participation in the pool, is 2500 Trade Tokens. These Trade Tokens will be secured by the underlying assets pledged by the participants, which may include fiat or cryptocurrency.

For traders who lament losing their traditional trading tools in the crypto world, the trade.io Blockchain platform provides integration of MT4, the most popular trading platform.

Playing by the rules

Trade.io will be licensed as a bank and financial exchange. Different from the dystopian world of cryptocurrencies portrayed by some banks, the regulated crypto exchange is becoming the model in the US, Japan and elsewhere. The model leverages the innovation of the Blockchain while providing the security of a regulated exchange. Unique Blockchain services include P2P margin lending.

Participants can lend directly to each other through a peer-to-peer lending program. The investment banking arm of trade.io will help companies issue tokens and launch initial coin offerings (ICOs).  Investors may use the Trade Token to invest in initial public offerings (IPOs) and ICOs. Trade Token holders can also receive preferred access to ICOs, discounts and other market benefits. Trade.io has a Seed & Venture Fund to support the development of Blockchain technologies and potential ICOs.

The trade.io ICO

The initial coin offering started on Dec. 7th, 2017. Two-thirds of 500 mln Trade Tokens (Symbol: TIO)  will be available for crowd sale. The trade.io liquidity pool will be launched for trading in April 2018, followed by the investment bank in July 2018.

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