Close Menu
  • Latest News
    • Bitcoin
    • Ethereum
    • Altcoins
    • Meme Coins
  • Tech
    • Blockchain
    • Security and Privacy
  • Web 3
    • Gaming
  • Legal
    • Legal and Regulatory
    • Adoption
  • Analysis
  • Learn
    • Education
    • Wallets and Exchanges
  • Tools
    • Market Overview
    • Exchange Tool
  • INFO@FREE.CC
What's Hot

Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

March 7, 2026

Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

March 7, 2026

Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

March 7, 2026
Facebook X (Twitter) Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
Facebook X (Twitter) Instagram
Free.cc (Free Cryptocurrency)Free.cc (Free Cryptocurrency)
  • Latest News
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. Meme Coins
    5. View All

    Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

    March 7, 2026

    Short-term bitcoin holders send $1.8 billion in BTC to exchanges after $74,000 rally

    March 6, 2026

    Solo Satoshi Launches Bitaxe Turbo Touch, An Open-Source Touchscreen Bitcoin Miner

    March 6, 2026

    Bitcoin holds $70K, but BTC bull market isn’t back: Here’s why

    March 6, 2026

    Top Analyst Reveals What’s Next For Bitcoin, Ethereum and XRP

    March 5, 2026

    Ethereum Price Analysis: Institutional Buying Returns as Whales Accumulate

    March 5, 2026

    Ethereum Hovers at $2,150 — Can ETH Price Rally to $2,400 or Stall Below $2,200?

    March 5, 2026

    Vitalik Buterin Admits Ethereum Hasn’t Meaningfully Improved People’s Lives

    March 5, 2026

    Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

    March 7, 2026

    Bitcoin Rally May Be Setting Up A Macro Lower High, Analyst Says

    March 6, 2026

    Bank Resistance Puts 2026 Passage Of Crypto Market Structure Bill In Doubt, Reuters

    March 6, 2026

    How Extreme Negative Funding Is Priming XRP For A High-Velocity Trend Reversal

    March 6, 2026

    Crypto Interest Rising Toward Meme Coin Sector

    January 9, 2026

    Memes Market Cap Adds $10B in Days: Fresh Capital or Dead-Cat-Bounce?

    January 5, 2026

    Meme Coin Market Surges Past $45B as Shiba Inu, PEPE, BONK Stage 54% Price Pump

    January 4, 2026

    US Ranks #1 in CoinGecko Global Meme Coin Interest Report

    December 18, 2025

    Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

    March 7, 2026

    Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

    March 7, 2026

    Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

    March 7, 2026

    U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

    March 7, 2026
  • Tech
    1. Blockchain
    2. Security and Privacy
    3. View All

    Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

    March 7, 2026

    Yat Siu Reveals How AI Agents Will Fuel Explosive Web3 Mass Adoption

    March 6, 2026

    Western Union teams up with Crossmint to expand USDPT stablecoin access on Solana

    March 6, 2026

    The Protocol: New Ethereum scaling plans

    March 6, 2026

    Leaked Database Sheds Light on Iranian Crypto Sanctions Evasion

    March 4, 2026

    DOJ seizures of $580M expose how crypto investment scams scaled into shift work with quotas and scripts

    March 3, 2026

    Aeternum Botnet Shifts Command Control to Polygon Blockchain

    February 27, 2026

    Former Defense Contractor Boss Gets 7+ Years for Selling Zero Days

    February 26, 2026

    Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

    March 7, 2026

    Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

    March 7, 2026

    Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

    March 7, 2026

    U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

    March 7, 2026
  • Web 3
    1. Gaming
    2. View All

    Crypto Payroll in 2026: Stablecoins Are Rewiring Global Paychecks

    March 6, 2026

    SuperRare Liquid Editions: The Next Evolution of NFTs

    March 6, 2026

    METYA Partners With Kult Games to Expand Web3 Gaming Ecosystem

    March 6, 2026

    AurumX Collaborates with FishWar to Redefine Web3-Based Gaming Economies

    March 5, 2026

    Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

    March 7, 2026

    Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

    March 7, 2026

    Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

    March 7, 2026

    U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

    March 7, 2026
  • Legal
    1. Legal and Regulatory
    2. Adoption
    3. View All

    U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

    March 7, 2026

    OAM crypto database end raises concerns as Italy prepares for MiCAR European passport

    March 6, 2026

    Bitcoin volatility could explode in April as SEC reviews the market behind ETF leverage

    March 6, 2026

    Russian Central Bank Proposes Allowing Banks and Brokers to Obtain Crypto Licenses

    March 6, 2026

    XRP and XRPL get a credibility lift from Ripple’s expanding footprint

    March 5, 2026

    XRP rewrites the playbook for altcoin ETF approvals to surge in late 2026 after a wave of futures listings

    March 4, 2026

    Bitcoin ETF custody concentrates power in one place, and now a single operational failure causes dangerous ripples

    March 3, 2026

    Revolut’s stablecoin test targets its 12M UK users

    March 3, 2026

    Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

    March 7, 2026

    Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

    March 7, 2026

    Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

    March 7, 2026

    U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

    March 7, 2026
  • Analysis

    ‘Good Times Are Ahead’ – Trader Michaël van de Poppe Says Bitcoin Bear Phase Is Over – Here Are His Targets

    March 6, 2026

    Is XRP Price Preparing for $4 Breakout as 44M Tokens Leave Binance?

    March 6, 2026

    Bitcoin miners’ AI pivot draws billion-dollar Wall Street bets

    March 6, 2026

    JPMorgan Chase Says One Asset Could ‘Quickly’ Surge Amid Middle East Conflict – And It’s Not Oil or Gold

    March 6, 2026

    XRP Price Consolidates Under $1.5 — What Could Drive the Next Move to $2?

    March 5, 2026
  • Learn
    1. Education
    2. Wallets and Exchanges
    3. View All

    What Is Strategy (MSTR)? The Bitcoin Treasury Company

    February 21, 2026

    What Are Prediction Markets? How Polymarket, Kalshi and Myriad Work

    February 13, 2026

    What Is Farcaster? The Decentralized Social Media Protocol

    February 10, 2026

    What Is Venice AI? The Privacy-Focused Chatbot

    January 13, 2026

    Crypto platform aims to let retail investors buy IPO shares at the same price as Wall Street insiders

    March 6, 2026

    The company holding all Bitcoin ETF coins is losing money, resurfacing questions about centralization

    February 21, 2026

    The Bitcoin CME gap will now close forever in May leaving a return to $84k hanging

    February 21, 2026

    Robinhood’s $221 million crypto revenue drop shows crypto winter isn’t on chain and retail already moved

    February 16, 2026

    Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

    March 7, 2026

    Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

    March 7, 2026

    Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

    March 7, 2026

    U.S. judge freezes BlockFills assets in dispute over 70 bitcoin with creditor Dominion Capital

    March 7, 2026
  • Tools
    • Market Overview
    • Exchange Tool
  • INFO@FREE.CC
Free.cc (Free Cryptocurrency)Free.cc (Free Cryptocurrency)
Home»Security and Privacy»Cryptojacking – The Parasitical Crime
Cryptojacking - The Parasitical Crime
Security and Privacy

Cryptojacking – The Parasitical Crime

November 17, 2025No Comments9 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Cryptojacking doesn’t destroy data. Instead, it chews up computing resources. Danny Bradbury asks whether criminals have finally found a largely victimless crime

“It’s a straight-up theft of resources”

Twenty years ago, non-profit projects began asking volunteers to solve science problems using their spare computing power. Initiatives like SETI@HOME would quietly use home PCs to scan radio signals for signs of intelligent life. Today, crooks are using victims’ CPUs for less noble purposes, making millions from illicitly mining cryptocurrency.

Before Bitcoin’s rise to fame in the first half of this decade, most people wouldn’t have known what mining was. Until the cryptocurrency launched in 2009, anyone sending money online needed a central arbiter such as a bank or PayPal to process the transaction. That arbiter maintained a ledger that recorded who had sent what to whom. 

The blockchain technology underpinning Bitcoin replaced that central ledger with a distributed one, giving a copy to all participants and writing its transactions to each.
To stop people fraudulently rewriting transactions, the blockchain ‘seals’ them using cryptography sums that are hard to complete. Known as a proof of work, these sums are hard to solve, and computers on the network compete to do so. Winners earn a reward. In Bitcoin’s case, that’s 12.5 Bitcoins, and miners can also earn extra transaction fees.

As the price of cryptocurrencies has risen, criminals have co-opted other peoples’ computers en masse to illicitly mine for cryptocurrencies, in an attack known as ‘cryptojacking’. “They’re making a lot of money doing it,” says Troy Mursch, a Las Vegas-based security researcher who runs the Bad Packets Report. “It’s a straight-up theft of resources. Everyone needs to be aware, from small businesses to large enterprises.”

Mursch is making a name for himself finding websites infected with cryptojacking software that runs JavaScript code in a visitors’ browser to mine for cryptocurrency. He recently found 30,000 of them, including the LA Times interactive homicide report webpage, all using visitors’ CPU power to earn coins for crooks.

The most common browser-based cryptojacking tool is Coinhive, found on the majority of compromised sites. The trick for attackers is to get these scripts onto systems and keep them running for as long as possible. 

“The whole point with in-browser models is that you need a website where the user will be there for longer than normal, and you need a lot of concurrent active users on the site,” Mursch says. “The websites that make the most money with Coinhive are video streaming sites or image boards.”

See also  UAE makes Bitcoin wallets a crime risk in global tech crackdown

There is one kind of site that people commonly spend lots of time browsing for images. Porn sites accounted for half of all cryptojacking scripts, according to research from Chinese security software firm Qihoo 360 Technology’s 360Netlab research team.

“It’s much more of a grey area when you’re using the processing power and electricity of an organization versus holding their data for ransom”

The Economics of Cryptojacking
Deciding what cryptocurrencies to mine when cryptojacking involves a careful balance between economics and technical capability. Bitcoin’s mining algorithm supports application-specific integrated circuits (ASICS), which are chips dedicated to its code-cracking task. Most Bitcoin mining now happens in large data centers with equipment dedicated to that purpose.
 
Bitcoin becomes more difficult to mine as more computers do the sums (called hashes) to compete in its mining contests. Bitcoin’s hash rate is a function of its value. It hit nearly 24 million Terahashes per second in March, up from 3.8 million Terahashes a year prior, as its price skyrocketed. 

Cryptojackers co-opting general purpose CPUs couldn’t compete. They needed alternatives. There are well over 1000 different cryptocurrencies, and many of them are far easier to mine because they use proof of work algorithms that don’t need ASIC hardware. “You tend to see people moving around as popularity rises and falls in peaks and troughs,” explains Neil Haskins, director of advisory services EMEA at security firm IOActive.

The current favorite is Monero, an open-source cryptocurrency created in 2014 and focused on privacy. Unlike Bitcoin, this digital asset is CPU-friendly, making browser-based mining ideal. 

The cryptocurrency also has other features that appeal to cryptojacking crooks, says Haskins. It is designed to obfuscate transactions in a way that Bitcoin doesn’t. Bitcoin ties transactions to specific addresses. Monero uses addresses interchangeably.

“Monero pushes this untraceable transaction capability, this anonymity,” he adds. “From a bad guy’s perspective, they can sit and hide in the Monero network.”

Compromised Devices
Instead of luring visitors to websites, botnet operators just install the malware directly to keep it mining whenever a computer is on. Proofpoint researchers found cryptojacking botnet Smominru earning around 24 Monero each day since early 2017, equating to nearly 9000 Monero valued at over $3m.

Sherrod DeGrippo, director of emerging threats at Proofpoint, sees the same old botnet operators folding cryptojacking into their existing arsenals.

“You’re already distributing a banking trojan and a keylogger or a credential stealer,” she says. “Why not stick a coin miner on there as well and get two for one?”

See also  Mass Email Extortion Campaign Claims Server Hack

Attackers hungry for computing power are also attacking another target: enterprise servers, which offer tempting processing and memory resources. “With almost every incident response engagement that our guys did, we were finding cryptocurrency miners,” says Mike McLellan, author of a report for Dell-owned security firm SecureWorks on cryptojacking. His company frequently finds cryptojacking malware such as XMRig and Coinminer on victims’ machines.

These attacks extend from on-premise servers into the cloud, which provides attackers with the elastic computing resource they need to mine more coins.

As early as December 2013, crooks were hacking online cloud accounts and using those resources to clock up CPU time. They accessed Melbourne-based programmer Luke Chadwick’s Amazon Web Services account using an Amazon Key that he had unwittingly uploaded to his public GitHub repository. They clocked up $3420 in CPU time across 20 Amazon virtual machines mining Litecoin.

These instances are getting increasingly sophisticated. Surveying 12 million public cloud resources, security firm RedLock believes that 8% of organizations have suffered from cryptojacking activity. These include Tesla, UK insurance giant Aviva and smart card manufacturer Gemalto. Attackers compromised Tesla’s cloud infrastructure via instances of the Kubernetes container orchestration software that the companies had installed without login protection.

Protecting Yourself
Monitoring is one way of protecting yourself against attacks on cloud-based and on-premise servers alike, warn experts. “Always monitor public cloud environments for internet-exposed resources to detect these type of issues,” says Gaurav Kumar, CTO and head of the Cloud Security Intelligence (CSI) team at RedLock. 

The company also noted that 80% of the 12 million cloud-based resources it saw do not restrict access to outbound traffic. Administrators can at least use a blacklist like CoinBlockerLists to spot and block traffic to known sites associated with mining domains.

As attacks get more sophisticated, though, monitoring traffic destinations won’t be enough. The Tesla hackers cloaked the IP address of their self-installed mining pool software behind the CloudFlare content delivery network. They also used a non-standard port to help avoid port-based traffic detection.

Cat and mouse games between attackers and network administrators make it essential to monitor CPU activity too, warn experts. However, that gets trickier as organizations increase in size. “Nefarious activity may go unnoticed at large organizations due to the size of the environments, and they tend to be less sensitive to cost increases arising from the use of additional computing power,” says Kumar. 

See also  Banksy NFT Scammer Returns £240,000 to Victim

“You’re already distributing a banking trojan and a keylogger or a credential stealer, why not stick a coin miner on there as well and get two for one?

Some cryptojacking malware already throttles traffic to stay below the radar, points out Mursch, which can make it difficult for even smaller companies or individual victims to see what’s happening

While some cryptojacking attacks use powerful servers, others target an army of small devices. “Mobile devices definitely present a potential target area,” says Proofpoint’s DeGrippo. “The processing power of these devices is pretty good.”

Some Android-focused malware has already made it to the wild. ADB.Miner is an Android cryptojacking worm that reportedly uses the same code found in the Mirai IoT malware to propagate between Android-based smartphones. It has also turned up on some smart TVs, according to 360Netlab.

The New Normal
Where will this all end? Don’t expect cryptocurrency mining to stop anytime soon. Ransomware has to announce itself, whereas cryptojacking malware relies on flying under the radar. “Criminal use of cryptocurrency miners will become the new normal for as long as cryptocurrencies retain enough value to make it worthwhile,” says SecureWorks’ McLellan.

The damages from cryptojacking are also far lower, points out DeGrippo, which exposes criminals to fewer recriminations. Many customers finding this kind of malware may merely erase it and not report it at all.

“It’s much more of a grey area when you’re using the processing power and electricity of an organization versus holding their data for ransom, so I think there’s some attractiveness there,” she says.

Some see in-browser cryptomining as benign enough to support a new business model as a legitimate and voluntary activity. Salon recently used what a spokesperson described as “the latest version” of Coinhive to give users an alternative to viewing ads. A charity, Bail Block, asked visitors to willingly mine cryptocurrency as it raised bail money for non-violent offenders in a variation on the original SETI@HOME idea.

Illicit cryptojacking may be the perfect crime, just so long as markets continue to crave cryptocurrencies and drive up prices. It isn’t a victimless crime because the malware still consumes computing power and could render computers unstable. Nevertheless, it’s a crime that doesn’t destroy data so much as prey on electrical power, using parasitical software to chew up computing resources one CPU cycle at a time 

You can find out more on this topic at our upcoming Infosecurity Magazine Online Summit, Tuesday 11th Sept during our hour long panel session:

Cryptojacking: Exploring the Phenomenon that is Illicitly Mining Cryptocurrency

Find out more here: Infosecurity Magazine Online Summit

Crime Cryptojacking Parasitical
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Leaked Database Sheds Light on Iranian Crypto Sanctions Evasion

March 4, 2026

DOJ seizures of $580M expose how crypto investment scams scaled into shift work with quotas and scripts

March 3, 2026

Aeternum Botnet Shifts Command Control to Polygon Blockchain

February 27, 2026

Former Defense Contractor Boss Gets 7+ Years for Selling Zero Days

February 26, 2026
Add A Comment
Leave A Reply Cancel Reply

Top Posts

200 insider trading probes opened on Kalshi and one quiet change could remake prediction markets overnight

February 27, 2026

Bitcoin Exchange Gemini Makes A Splash On Nasdaq Debut, Jumping Nearly 50%

September 13, 2025

Stay ahead with the latest crypto news, market updates, blockchain insights, and trends. Your trusted source for everything happening in the digital asset world.


We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Manadia and OptiView Partner to Bring Verifiable AI Infrastructure to Web3 Asset Management

March 7, 2026

Analyst Shares Timeline For When A New Bitcoin Bull Run Will Begin This Year

March 7, 2026

Why Is Bitcoin Price Plunging? Is Jane Street Behind the Latest BTC Volatility?

March 7, 2026
Get Informed

Subscribe to Updates

Get the latest creative news From Free.cc directly in your Inbox!

  • Contact
  • Privacy Policy
  • Terms & Conditions
  • Disclosure
© 2026 free.cc - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.