Linux System Is Affected By A Malicious Crypto Mining Malware: How To Detect It?

Trend Micro, Japanese company specializing in crypto security, published a report on its website stating that they found a malware affecting Linux system.

The company found a cryptocurrency miner KORKERDS’s hidden activity from Linux users extremely suspicious and started investigation, where they found malware, later called as Coinminer.Linux.KORKERDS.AB, and its rootkit component Rootkit.Linux.KORKERDS.AA. The way of infection will be investigated very soon, there is already some information that the malware may get installed onto computer through a plugin or downloaded software. More technical aspects are described in the report.

The company explains:

“This makes it difficult to detect, as infected systems will only indicate performance issues. The malware is also capable of updating and upgrading itself and its configuration file.”

What is worth to mention is that such operating systems as Mac OS and Linux are considered to be immensely secured, thus, it is hard to integrate any file without users’ consent. The malicious mining software seems to be a built-in plugin, where a user gives an administrator consent to install anything.

Trend Micro provided some Indicators of Compromise (IoCs) to prevent users to be affected: (Editor’s Note: Indicator of compromise (IOC) — is an artifact observed on a network or in an operating system that with high confidence indicates a computer intrusion. Typical IOCs are virus signatures and IP addresses, MD5 hashes of malware files or URLs or domain names of botnet command and control servers. Source: https://en.wikipedia.org/ )

Related hashes (SHA-256):

  • cdd921a5de5d5fffc51f8c9140afa9d23f3736e591fce3f2a1b959d02ab4275e (Trojan.Linux.DLOADER.THAOOAAK)
  • baf93d22c9d1ae6954942704928aeeacbf55f22c800501abcdbacfbb3b2ddedf (Coinminer.Linux.KORKERDS.AB)
  • 0179fd8449095ac2968d50c23d37f11498cc7b5b66b94c03b7671109f78e5772 (Coinminer.Linux.KORKERDS.AA)
  • 023c1094fb0e46d13e4b1f81f1b80354daa0762640cb73b5fdf5d35fcc697960 (Rootkit.Linux.KORKERDS.AA)

Related malicious URL:

  • hxxps://monero[.]minerxmr[.]ru/1/1535595427x-1404817712[.]jpg

We want to remind you, no matter how secure your computer is, in your opinion, it still may be affected by professional cryptohackers. Thereby, if you find any suspicious file or plugin, please, read the following article or consult service centre.

What Is Hidden Mining, Why Is It Dangerous and How to Delete the Virus?

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If Euro Is Doomed, How Will It Influence the Financial Situation in the World?

It comes as no surprise that the cryptocurrency market has been in an unstable state in the recent couple of month. However, it seems like the conventional monetary system is starting to crack as well.

The experts and financial specialists are especially worried about the fate of one of the major world currencies – Euro.

In the article for Financial Times, the market and investment researcher Russell Napier claimed that euro might face some difficult times due to the downfall of the economy in the eurozone.  

The key consequence of this collapse will be the destruction of the euro. The expected success of the far-right and far-left in the European parliamentary election in May this year augurs the beginning of the end for the currency union. Both extremes share a commitment to the return of sovereignty to their parliaments that is incompatible with a single currency,” he said.

A lot of leading European countries, like Italy and Germany, are experiencing a major decrease in the economy growth rate and a lower performance rate of the major financial establishments.

Napier is sure that the policy of the European Union, namely restricting control over capital flow will have a detrimental effect on euro, the fall of euro will, in its turn, cause a collapse at the market.

But still the financial system is a very unpredictable thing, and anything could happen, despite the boldest forecasts of experts. Anyway, we hope that 2019 will be a more stable and favorable year both for crypto and fiat currencies.

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SWIFT Payment System: What It is and How It Works

A transfer of funds between countries used to seem something out of real, but today it is a convenient and fast process, which is perceived as a regular thing. The development of technology has greatly simplified SWIFT transfers, which every modern person should know about.

Therefore, in this article The Coin Shark will answer in detail the frequently asked question regarding SWIFT transfers.

What is SWIFT and what does is stand for?

This is an interbank system with a minimum commission for transfers in any currency, which was established in 1973. The abbreviation SWIFT itself stands for “Society for Worldwide Interbank Financial Telecommunications. ”

Working with SWIFT

The system can be used by organizations, private individuals or entrepreneurs. For international financial transactions, it is necessary to specify the details of the beneficiary’s account and the SWIFT code of the bank to which funds will be delivered. To transfer money, it is not obligatory to start an account, since transactions can be carried out through transaction accounts of users of the system.

One more peculiarity is that the processing of payments in the system takes a little longer, but it is compensated by a low commission, for example, in comparison with Western Union or Contact systems. Transaction processing takes from one day to one week. The speed of the operation depends on availability of a settlement account.

Requirements for the SWIFT user

To work with the system, you must follow the following rules:

  • to fill in the details of payment and transfer in English;
  • to pay a transfer fee without using the account. It is recommended to open one if transfers are performed regularly.

To use the system, the accurate SWIFT system details are required, which include:

  • the name of the bank and its SWIFT code;
  • the name of the correspondent bank and its SWIFT code;
  • beneficiary’s account;
  • basic information about the beneficiary that identifies him.

SWIFT tariffs

There is no single table of rates on services in the system due to the differences in banking structures. Since each international financial organization has an individual cost of services.

The most common is a two-sided payment for transaction. But even in this case the commission is lower compared to other systems, this is especially appreciable when speaking about large transfers. However, for transfers of smaller amounts of money, the system is of no less demand.

Money transaction

To transfer money through the international system, you need to do the following:

  • to indicate in the bank, that is a member of the SWIFT community, from which account the transfer will be carried out or clarify that from none;
  • to give the passport and the details of the SWIFT transfer to a representative of the bank;
  • to apply for a transfer;
  • to pay the required amount of money through the bank cash office, taking into account the commission.

Receipt of funds

Before receiving funds, it is necessary to make sure that they have arrived to the account. For this you need:

  • contact by phone with the bank to which the funds should arrive;
  • check your account in your member area remotely via the bank website.

To receive funds, you must perform the following steps:

  • to visit the bank to which funds should arrive;
  • to present the identification documents to a bank representative and withdraw money from the account;
  • if necessary, to convert the received funds into desired currency at the rate effective at the bank.

Advantages and disadvantages of the SWIFT system

Advantages:

  • a high level of security of money transfers worldwide;
  • the ability to transfer and receive any sum range;
  • calculation of funds in any currency;
  • minimum commission;
  • the ability to receive or send funds at almost any bank of the world;
  • if the system fails, it will compensate for losses.

Disadvantages:

  • transfer can take 7 days;
  • due to the involvement of several banks in the process, the system may fail.

As you can see, the number of advantages is much greater than disadvantages, this is why today the international transfers in SWIFT are the most in demand.

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Malware From The Pirate Bay May Hijack Website To Steal Crypto

The movies downloaded from The Pirate Bay bring a malware to the user’s computer. That was the conclusion reached by a security researcher, with the nickname  0xffff0800 in Twitter. He told that when he downloaded a movie ‘The Girl In The Spider’s Web’ from TPB, a .LNK shortcut with CozyBear malware got to his computer.

However, the Cozy Bear malware is just a decoy, the real thing that brings damages is Powershell commands. Once the malware reaches the computer, it carries out malicious actions, like disabling Windows Defender and installing viral extensions in Firefox and Chrome browsers. Moreover, it edits the appearance of the website on the user’s computer.

The movie is an application itself which links the computer to the external malicious servers.

Source: Bleeping Computer

Moreover, the newly installed viral extensions can modify the JavaScript code and add some advertisements to the main page, like it is shown below.

Source: Bleeping Computer

What is the most dangerous is that the malware can edit the appearance of the web page and add or change the information without the user’s awareness, this ability allows the malware to steal the crypto. For example, if the user open Wikipedia page on a compromised system, he/she is likely to see the message saying “Wikipedia now accepts donations in form of bitcoin” and a ‘DONATE’ sign. All the donations will go to the hacker.

Source: Bleeping Computer

In addition, the malware is able to change crypto wallet addresses provided on the pages. Unfortunately, you will not even notice how the hacker stole your money.

We remind you

YouTube Will Remove All Videos with Dangerous Pranks and Challenges

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BitPay Transactions Surpasses $1B in 2018, B2B Payments Records 225% Increase

BitPay is a US-based bitcoin payment provider which has recently announced its financial results of the past year. The company has processed over $1 billion in transactions alone. Moreover, its B2B payments record 225% increase in compare to 2017.

The main reason of such a lift-off is that Bitpay added a lot of new clients, like Dish Networks, HackerOne, and the State of Ohio, as well as many other law firms, data center providers, and IT vendors.

The CEO of BitPay, Stephen Pair, commented on this development:

“BitPay’s B2B business continues to grow rapidly as our solution is cheaper and quicker than a bank wire from most regions of the world. To process over a $1 Billion for the second year in a row despite Bitcoin’s large price drop shows that Bitcoin is being used to solve real pain points around the world.”

BitPay mostly supports Bitcoin transactions, however, it also supports payments with Bitcoin Cash, Gemini, and Paxos. During that year a lot of companies had to lay off their employees due to the market situation, yet, Bitpay conversely increased its manpower by 78 percent in the past year.

In addition, BitPay is attractive to the investors, in 2018, it raised $40 million in Series B funding round taking the total raised capital to $70 million.

We remind you

Two European Finance Regulators Urge the EU To Adopt Crypto and ICO Rules

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Is Bank of America Going to Cooperate with Ripple?

As we all know, the crypto market is still in a deep recession. The collapse of cryptocurrencies at the end of last year negatively influenced all coins, however, some of them suffer less than others.

One of such coins was Ripple. Not only did it manage to outrun Ethereum in the rating, its blockchain platform keeps being implemented widely by the world’s largest companies in various spheres.

We remind you:

Ripple: 13 Financial Institutions Have Joined RippleNet, Surpassing 200 Customers All Over The World

Recently, there appeared rumors on the Internet, saying that the second largest financial institution, Bank of America, might be considering forming a partnership with Ripple Labs and incorporating the blockchain technology into its system, according to Fintech News.

Currently, the bank is using SWIFT technology for international transactions, which proved to be quite inconvenient, slow and insecure.

It is still unclear whether Bank of America wants to fully apply Ripple technology or create a similar app, but its main intention is to let the customers make transaction between various banks in a safer and easier way.

Neither of the sides have officially commented on the matter so far.

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Cryptopia Got Hacked, Crypto Exchange Is Suffering “Significant Losses”

One of the best crypto exchanges of New Zealand, Cryptopia, was hacked. It announced this sad news via Twitter stating that it had experienced a security breach that ended in a “significant loss”. However, the company did not mention any figures of the loss.

Cryptopia has suspended all the activities on the trading platform for an indefinite period. In addition, it has notified the authorities of the country, and now it cooperates with the police and the country’s High Tech Crimes Unit in order to investigate the hacker attack.

“Staff then notified and involved the appropriate Government Agencies, including NZ police and High Tech Crimes Unit who are jointly and actively investigating the matter as a major crime and they are assisting us with advice,” the exchange stated.

This is the first cryptocurrency exchange theft in 2019, however, many customers of different crypto exchanges call into question the security of them, as there were so many incidents that had to teach exchanges how to deal with it. Some users even blame the exchanges, in particular Cryptopia, in a bear market “exit strategy”.

We remind you

The Hackers of the “51% Attack” on Ethereum Classic Returned Half of the Stolen Funds

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