Copy this bookmark:



description:


tags:



bookmark detail

Hacker Redirects Traffic From 19 Internet Providers to Steal Bitcoins | Threat Level | WIRED
'The attacker specifically targeted a collection of bitcoin mining “pools”–bitcoin-producing cooperatives in which users contribute their computers’ processing power and are rewarded with a cut of the resulting cryptocurrency the pool produces. The redirection technique tricked the pools’ participants into continuing to devote their processors to bitcoin mining while allowing the hacker to keep the proceeds. At its peak, according to the researchers’ measurements, the hacker’s scam was pocketing a flow of bitcoins and other digital currencies including dogecoin and worldcoin worth close to $9,000 a day. “With this kind of hijacking, you can quite easily grab a large collection of clients,” says Pat Litke, one of the Dell researchers. “It takes less than a minute, and you end up with a lot of mining traffic under your control.”'

'In total, Stewart and Litke were able to measure $83,000 worth of cryptocurrency stolen in the BGP attack [...] but the total haul could be larger'
bitcoin  mining  fraud  internet  bgp  routing  security  attacks  hacking 
august 2014 by jm
view in context