04/09/19 10:00 UTC-4

The Chinese illegally mined cryptocurrencies worth $14 million in 9000 Internet cafes

Mining15 Chinese citizens were caught in illegal mining
15 Chinese citizens were caught in illegal mining

Chinese police arrested 15 citizens for illegal miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details
on computers of 9000 Internet cafes. The scheme was organized by the owner of the IT company, and it brought him $14 million.


9000 Chinese Internet cafes suffered from illegal mining

According to the Chinese CCTV news publication, Henan Provincial Police in China arrested 15 people on suspicion of illegal mining. Law enforcers say that mostly among them are administrators of Internet cafes who infected computers with a Trojan. The virus allowed an attacker to mine cryptocurrency on infected PCs.

According to authorities, the scheme was invented by businessman Zhang. His company developed the virus, and the businessman himself created a network of 2000 system administrators of Internet cafes. Zhang paid them to install the virus on computers. In total, from June 2017 to July 2019, the "salary" of administrators amounted to about $2.7 million.

Interesting in the section: Financial Geography: Cryptocurrencies in Iran


Editor: Alyona Nabok

See also: "Kyrgyzstan wants to introduce a 15% mining tax. Budget can gain $5 million"

#Mining #Cryptocurrency #Minervirus #Trojan #Hackers #China



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