This 'relentless' malware botnet has made millions with a surprisingly simple trick

The long-running botnet known as MyKings is still in business and has raked in at least $24.7 million by using its network of compromised computers to mine for cryptocurrencies. 

MyKings, also known as Smominru and Hexmen, is the world’s largest botnet dedicated to mining cryptocurrencies by free-riding off its victims desktop and server CPUs. It’s a lucrative business that gained attention in 2017 after infecting more than half a million Windows computers to mine about $2.3 million of Monero in a month. 

ZDNet Recommends

Security firm Avast has now confirmed its operators have acquired at least $24.7 million in various cryptocurrencies that have been transferred to Bitcoin, Ethereum and Dogecoin accounts. 

SEE: This new ransomware encrypts your data and makes some nasty threats, too

It contends, however, that the group made most of this through its ‘clipboard stealer module’. When it detects that someone has copied a cryptocurrency wallet address (for example to make a payment) this module then swaps in a different cryptocurrency address controlled by the gang. 

Avast claims to have blocked the MyKings clipboard stealer from 144,000 computers since the beginning of 2020: the clipboard stealer module has existed since 2018. 

Security firm Sophos’s research found

Read More: https://www.zdnet.com/article/this-relentless-malware-botnet-has-made-millions-with-a-surprisingly-simple-trick/#ftag=RSSbaffb68