Author Topic: Japan: 16 Arrested in Monero Cryptojacking Case. (Read 1664 times)

Nikko · « **on:** June 17, 2018, 04:52:21 PM »

Japanese prosecutors from 10 prefectures have arrested 16 individuals suspected of involvement in an ongoing criminal case of cryptojacking, local news outlet The Asahi Shimbun reports June 15.

Cryptojacking is the practice of using unsuspecting users’ processing power in order to mine cryptocurrency for the attacker.

According to the report by Asahi Shimbun, the arrested individuals are suspected of installing malware on victims’ computers in order to mine cryptocurrency in an unauthorized manner. The suspects were allegedly running their own websites to spread the crypto mining malware, including the Coinhive program, that mines Monero (XMR).

The case against 16 men aged between 18 and 48 was first announced on June 14, with the first arrests taking place as early as March, the report claims.

The largest sum of money obtained via cryptojacking by the alleged suspects amounted to 120,000 yen ($1,084). The report emphasizes that the suspects only got 70 percent of the cryptocurrency mined, with the remaining 30 going to Coinhive.

Hisashi Sonoda, a professor at Konan Law School who specializes on cybercrimes, commented that immediate arrests might have been an excessive measure since there are no legal precedents on handling similar case.
https://cointelegraph.com/news/japan-16-arrested-in-monero-cryptojacking-case-local-media-report/amp

Altcoins Talks - Cryptocurrency Forum · « **on:** June 17, 2018, 04:52:21 PM »

This is an Ad. Advertised sites are not endorsement by our Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise Here

Bidding Open

felixesteban · « **Reply #1 on:** June 18, 2018, 01:13:06 AM »

It's very important to fight against crooks and thieves. Really pessimistic atmospher prevails in the market due to the fact that negative news, lately. Such fraud cases will greatly reduce confidence against cryptos if it does not take adequate measures.

btyco · « **Reply #2 on:** June 20, 2018, 11:04:39 PM »

It's good to see that these cyber criminals are caught otherwise it encourages more people to create these viruses and spread them all over the web.

fulled · « **Reply #3 on:** June 29, 2018, 09:40:00 PM »

Good news, the crypto world must keep clean and white as much as we can, really appreciate japan for this case, but i just confuse how can the procecutors determine them, cos i think monero is anonymous coin, how they tracking them ?