Crypto Hackers Still Target Ethereum Wallets and Mining Hardware During Bear Market Conditions

Crypto Hackers Still Target Ethereum Wallets and Mining Hardware During Bear Market Conditions

It has come to our attention that Ethereum [ETH] has recently become a target for hackers. In particular, an Ethereum World News column explained that hackers have created a scanning network which aims at attacking Ethereum wallets and mining hardware (https://ethereumworldnews.com/ethereum-wallets-mining-rigs-still-targeted-by-hackers-at-low-prices/). The network has supposedly been active since December 3 and researchers found that a specific port, i.e. port 8545 was of interest.

Further details regarding how personal information might be exploited as also been shared and it seems like it all comes from the users’ end. More specifically, the moment users create a password, hackers can apparently manipulate to the gain access to the port to get hold of one’s crypto holdings.

While such activities on behalf of hackers have been present in almost all of 2018, cautionary alerts have been ongoing. As per the issued post, the Ethereum team has since warned users of said clients back in August. In addition to the warning, suggestions were offered to ensure that one’s port is filtered using firewall to ensure better protection of passwords.

Ethereum World News quoted Cybersecurity firm, Qihoo 360, who disclosed that nearly USD$20 million in Ethereum have been compromised to theft back at its July price of approximately USD$490.

BTC Manager, who also reported on this matter, shared a bar graph, which was originally shared by the Co-Founder of Bad Packets LLC, Troy Mursch (https://btcmanager.com/hackers-crypto-price-crash-wallet-hacks-attacks/). The bar graph indicates the rate at which theft has grown in December 2018 in relation to November 2018 as being high. This only goes to show that regardless of how healthy the market is doing, hackers will still remain, which is becoming a problem that requires resolving!