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Ethereum hacking, despite low prices, continues

A new wave of hacks attacking Ethereum holdings is still ongoing despite the altcoin losing its price and hitting A year and six month lows.

Research by the cybercrime monitoring firm Bad Packets LLC indicates the downtrend that Ethereum is experiencing hasn’t done anything to hackers and scammers who are attempting to steal funds from miners and investors.

When scanning the network, the hackers are attempting to identify mining rigs and wallets with an exposed port 8545. This will essentially enable the hackers to gain control and redirect the funds in Ethereum to somewhere else. The co-founder of Bad Packets and security research Troy Mursch commented on the matter saying;

Despite the price of cryptocurrency crashing into the gutter, free money is still free, even if it’s pennies a day.

Reports about the Ethereum scanning phenomenon came out in June this after an operation netted a report worth $20 million in Ethereum.

As reported by CoinTelegraph, prior to this, other incidents had occurred joining a spate of several different campaigns to divorce cryptocurrency holders from their profits.

As we’ve said, this year has been the year for hacks and ‘cryptojacking’ has been prominent throughout 2018.

One of the biggest hacks occurred at the end of January this year with Coincheck.

Conclusion:

Let us know what you think about this latest development in the comment box below.

The post Ethereum Hacking, despite low prices, continues appeared first on Technology Guide World.



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