Monero (XMR) stands for one of the top coins in the market, currently ranked as the 13th-best digital asset in accordance with its market capitalization. However, it “easily” became a part of crypto jacking activities when an unidentified hacker, or a group of hackers, went on with implementing Coinhive, which is the name of the malware, into high-authority sites, for mining Monero illegally without having any form of consent from the side of the affected users. In addition to having a security researcher Troy Munsch discovering the activities of the mentioned malware, we are interested in revealing what Mr. Munsch has discovered after performing a security checkup.
Monero Gets Cryptojacked
Troy Munsch, a security researcher who was directly responsible for discovering a malware designed for illegal mining, called Coinhive, has revealed all the details regarding this case to the public.
In his report, Munsch stressed out that he has discovered that there were over 400 different websites that were infected by this malware, that way affecting the users and visitors of the affected sites, into using their computing power for mining units of Monero (XRM) without having the affected users noted about this activity, considering to have a strong case of crypto jacking related to Monero.
Apparently, the affected sites were all related to government and education, which probably made the affected parties even m0ore unsuspecting of what was going on behind the curtains.
When researching in order to find the main reason for having Coinhive malware infecting such great portion of education and government sites, Munsch has managed to discover that there was probably a case of Drupal that was an outdated version of this CMS system, which consequently made the circumstances benevolent for the integration of this malware.
Munsch has, in his official statement, also released the list of the affected sites, so that the users could be fully informed about the most recent case of mining Monero with a malware.
S0me of the affected websites on the list are National Labor Relations Board’s site, San Diego Zoo, UCLA’s website for Atmospheric and Oceanic Sciences Program, Lenovo official websites and 400 more websites of the same range of authority on the World Wide Web.
By having the Coinhive integrated into the system of the listed websites, crypto jackers could without any consent from the side of website users, use the computing power in order to extensively mine Monero (XMR) for their own profit.
Now that the problem was detected, hopefully, it could be detained and prevented from affecting the unsuspected internet visitors in the future.
It is still not possible to determine whether this case of malware mining Monero affected XRM negatively in the market since Monero is dropping with the most recently established market trend.
Monero and the Market
Although the majority of currencies could take a break yesterday on May 9th as the market was slowly going up against the dollar, we can once again see the circulating coins and tokens plummeting with the persistent market trend.
As the majority of coins is going down against the dollar while trading in the red zone, XRP makes no exceptions either as we can see XRM going down with the latest change in the market.
It seems that Monero is slowing down in oppose to its top 20 peers as it has only managed to collect a set of rise in a total of 32% in the course of the last 30 days, which means that XRM came off as slightly weak even during the positive period during the most of April.
During the course of two months, XRM is seen dropping with the total decrease of -15% during the last 60 days, whereas most of its top 20 peers went up against the dollar during the same period.
Following the latest change in the market, Monero went down for -7% in the period of the last week, while it is also going down at the moment of this writing, on May 10th.
After the most recent drop Monero (XRM) had against the dollar, the currency went down for over -3%, while it is also going down for -1.37% against BTC.
Monero can be traded at the price of 222.68$ at the moment, which is still far from its record price of around 490$ per one unit as recorded in January 2018.
This information should not be interpreted as an endorsement of cryptocurrencies or a recommendation to invest. Historic performance is no guarantee of future returns. As an investment class, cryptocurrencies are speculative investments and investing in cryptocurrencies involves significant risks – they are highly volatile, vulnerable to hacking and capital loss and sensitive to secondary activity. Before investing you should obtain advice and decide whether the potential return outweighs the risks.