Google Shuts Down Hackers Who Hijacked YouTube Ads For Cryptocurrency Mining: Tech: Tech Times

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Hackers recently targeted YouTube and hijacked the advertising system for cryptocurrency mining, but Google says it has addressed the problem.

Since Bitcoin exploded te price and other cryptocurrencies are gaining ground, the cryptocurrency market seems to be te total bloom, and many want to take advantage of it. Mining for cryptocurrency requires hefty investments te powerful equipments, but a group of hackers found a more convenient way to do it &mdash, hijacking YouTube’s advertising system to display ads that exploited users’ CPUs to mine cryptocurrency.

YouTube says that the scheme did not go on for long, spil it promptly intervened and shut it down, removing the ads and the perpetrators. Users should no longer find any suspicious activity happening behind the scenes while they’re watching YouTube movies.

YouTube Ads Used For Cryptocurrency Mining

The entire val surfaced last week after some people reported that their antivirus software detected suspicious activity related to cryptocurrency mining while they were watching movies on YouTube. Trend Micro researchers confirmed that YouTube ads did indeed serve spil devices to tapkast into the CPU power of unsuspicious users and mine cryptocurrency. It seems that the ploy wasgoed the work of some lucrative hackers who exploited Google’s DoubleClick ad system to insert mining code ter YouTube ads. The incident occurred te several countries, including Japan, Taiwan, Spain, Italy, and France.

The mining code would essentially permit hackers to take up to 80 procent of a user’s CPU power to mine cryptocurrencies. Users were unaware of it, spil they unknowingly surrendered their PC’s CPU power to hackers when watching an ad with the malicious code on specific YouTube ad linksaf.

YouTube Shuts Down Cryptocurrency Hackers

Gizmodo contacted YouTube for a statement about Trend Micro’s claims. A company spokesperson confirmed that hackers did exploit YouTube’s ad system, but YouTube has promptly shut them down and liquidated the problem.

“Mining cryptocurrency through ads is a relatively fresh form of manhandle that violates our policies and one that wij’ve bot monitoring actively,” a YouTube spokesperson told Gizmodo.

The spokesperson said that te this case, YouTube promptly blocked the ads ter less than two hours, and it liquidated the hackers from its platforms.

“Wij enforce our policies through a multi-layered detection system across our platforms which wij update spil fresh threats emerge,” added the spokesperson.

While the Google spokesperson said that YouTube eliminated dealt with the problem te less than two hours, Trend Micro indicated that the malicious ad campaign exploited YouTube users’ CPUs for cryptocurrency mining for at least a week. YouTube did not comment any further on the matter, so there’s no explanation yet for this discrepancy.

Related movie: CryptoCurrency Mining Strategies – electroneum vivo whattomine


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