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Watchout! Satori Botnet Targets Exposed Ethereum Miners

Watchout! Satori botnet targets exposed ethereum miners

Watchout! Satori Botnet Targets Exposed Ethereum Miners

Nick Chong · May 18, 2018 · 10:00 pm

Yesterday, BleepingComputer brought to light recent reports that have Ethereum miners worried, as enslaved internet-connected devices have been targeting miners worldwide. 


Evidence filed by multiple internet security companies have shown that the Satori botnet, a system of IoT devices which number in the tens of thousands, has been trying to infiltrate Ethereum miners through a 3333 port exploit.

This specific port has often been a way in which miners can remotely control their mining equipment, a common practice with many miners today. However, the remote access characteristic of this port makes it a perfect attack for malicious hackers looking to make a quick buck.

Security researchers from Netlab, have found that the scans for exposed 3333 ports started on 11th of May and have tied some of the activity to the aforementioned Satori botnet.

When Netlab released this announcement on Twitter, not much was known about this rise in this malicious activity.

The next day, GreyNoise, another internet security firm, cleared the waters regarding the issue, stating that the botnets were looking for an exploit specifically for the Claymore Ethereum miner.

The Claymore Dual miner, which mines Ethereum and Decred simultaneously, is one of the most popular pieces of mining software for retail and corporate miners alike. Although there are no clear numbers on the issue, it would be safe to assume that many Ethereum miners use Claymore as their mining software of choice. The heavy use of Claymore sadly means more targets for the malicious botnet attacks.

GreyNoise stated:

Once the attacker identifies a server running the Claymore software they push instructions to reconfigure the device to join the ‘dwarfpool’ mining pool and use the attacker’s ETH wallet

This system of attack can effectively move all mining profits from the miner’s wallet to the attacker’s until the miner notices and corrects the issue.

GreyNoise made further discoveries, stating that the scans originated from certain Mexican IP addresses, who came under attack a few days ago. The attack on these IP addresses allowed for the botnets to take control of GPON routers.

Considering the evidence shown, it seems that these newly hacked routers were used to search for openings on computers running the Claymore miner, so the malicious hackers at the other end could mine Ethereum for themselves.

Ethereum mining

Netlab, the other security company mentioned earlier, confirmed this claim, stating that “The source of this [port 3333] scan is about 17k independent IP addresses, mainly from Uninet SA de CV, telmex.com, located in Mexico.”

As news spread about this event, more users began to look into the details of the debacle and a researcher from the Internet Storm Center found specifics on the program affected. The researcher, Johannes B. Ullrich, confirmed that the Claymore miner was affected but specifically pointed out an exploit in the Nanopool version of the program.

At this moment, it is unclear how many miners – if any – were affected by this vulnerability, but there is a chance that there are some miners out there right now, who do not know who they are mining for.

For all of its positive aspects, the cryptocurrency industry is not always the most forgiving space, with hacks and scams being extremely prevalent in the dark corners of the industry. Business Insider reported in April on how “bad actors” in the cryptocurrency community have stolen or scammed $670 million worth of cryptocurrencies since the beginning of the year. Imagine what that would amount to over the course of a few years. That is why it should be of the utmost importance to take the proper precautions when getting involved in the industry.

Have you or anybody you know been affected by this exploit or any other hacks or scams in cryptocurrency industry? Do you think that events like this are making the cryptocurrency community worse? 


Images Courtesy of Shutterstock

Claymore MinerCryptocurrencyEthereumhackminingSatori Botnetsecurity Show comments

Published at Sat, 19 May 2018 02:00:33 +0000

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Crowd Genie Asset Exchange to Hold ICO

Crowd Genie, a fully operational Singapore-based peer-to-peer digital lending platform licensed by the Monetary Authority of Singapore (MAS), has been selected by the token holders of the ICOS platform as the latest promising project to hold its own ICO.


Unlike most projects contemplating an ICO, Crowd Genie is not a startup but rather a debt-based lending platform that has been in operation for more than 12 months. It is one of only four P2P lending platforms licensed by the MAS. The project’s vision is to build a tokenized Pan-Asian lending exchange based on smart contracts, to ensure cost-effective, safe and efficient cashflows between lenders and borrowers. The platform will include blockchain-based identity management, 40+ variable KYC due diligence, and a distributed asset exchange.

Powerful Security and Due Diligence + AI-powered Credit Scoring

Crowd Genie will create a “digital passport” for each client, both lenders and borrowers, using due diligence procedures that ensure compliance with KYC, AML/CFT, cybersecurity, and privacy requirements. Blockchain smart contract technology will make it possible for verified users to perform lending transactions instantaneously and at a much lower cost. The tokenization of assets on the distributed asset exchange will allow Crowd Genie to trade in fractions of assets from asset classes that would otherwise be too expensive or impractical to trade using traditional methods.

The project utilizes an AI-powered credit scoring engine to take information from the documents submitted by prospective borrowers and assess their creditworthiness. As the data set increases, the AI engine constantly adjusts the scoring algorithm by reevaluating and back-testing the data. Crowd Genie is also the only platform where the platform directors always participate in each asset listing. This ensures that the motivation and interests of all parties concerned are the same.

According to Crowd Genie founder Akshay Mehra:

We feel that going into an ICO as an already established business has its advantages. We have had time to fine-tune our platform, making it the most comprehensive on the market. Ours is the only platform that incorporates the entire lending process, from KYC verification to asset lending. No startup can say the same.

Crowd Genie ICO

Crowd Genie ICO

The public ICO will begin on January 15, 2018, and will run until February 15, 2018. On offer will be 50,000,000 CGCOINs, a utility token which can be used to trade on the Crowd Genie platform. When a transaction is performed in CGCOINs, the lender purchases the corresponding amount of CGCOIN tokens and transfers them to the borrower. The borrower can then either use the tokens to receive a fiat currency or keep them in the cryptocurrency, ensuring natural demand for the tokens.

Borrowers will receive incentives for making on-time payments on loans. For each repayment, borrowers will receive CGCOIN “Credits”, a disposable asset that will be tracked separately in the digital passport. These credits will be visible and will improve the borrower’s reputation in the system, thereby allowing them to receive larger loans and/or lower interest rates.

Speaking about the Crowd Genie project, ICOBox co-founder Nick Evdokimov remarked:

This is a project with a great upside. The fact that Crowd Genie is already a going concern is a real plus. The use of emerging blockchain technologies will make the platform more dependable, inexpensive and faster. We are very pleased that ICOS token holders have recognized the value of the project, and look forward to a successful ICO.

Crowd Genie’s goal is to collect 100,000 ETH through the token sale. The base price is 1 ETH for 400 tokens. All unsold tokens will be burned.

For more information about Crowd Genie please visit crowd-genie.com.

What are your thoughts on the Crowd Genie project? What impact will its regulatory approval and strict KYC have on the overall p2p lending industry? Let us know in the comments below.


Images courtesy of Crowd Genie

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