Chinese authorities have now cracked the whip and arrested fifteen suspects that bribed an internet café administrator to be able to mine cryptocurrency.
On Sept. 3, 8BTC — a Local crypto industry news outlet — reported that Hunan (south-central China province) city’s police managed to arrest an individual who was engaging in crypto-jacking.
Reportedly, more than 9,000 computer administrators have been suspected of having aided this unauthorized mining operation.
In the four months ending in July, the suspects sold the mined cryptocurrency for more than a hundred million yuan (~ $14 million). The local police acted on a hint they supposedly got alluding that most local Internet cafes could have installed a crypto-jacking malware.
A certain network technology company in Zhengzhou is suspected of having been behind the malware development according to preliminary investigation findings.
Specifically, Zhang — the company’s head — allegedly gave bribes to internet cafe administrators for them to allow him to place the malware on their computers. The investigation is still ongoing as all the 15 men allegedly who took part in the crime have already been arrested.
Also In July, some 22 suspects who stole electricity worth $3 million for illegal Crypto mining activity were arrested by police in China.
McAfee Labs Cybersecurity Company released its August 2019 threat report that showed a 29% escalation in cryptojacking campaigns and ransomware attacks in the first quarter of Q1 2019.