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A Cryptomining botnet abuses Bitcoin blockchain transactions as C2 backup mechanism

Security Affairs

Crooks are exploiting BTC blockchain transactions to hide backup command-and-control (C2) server addresses for a cryptomining botnet. Security experts from Akamai have spotted a new botnet used for illicit cryptocurrency mining activities that are abusing Bitcoin (BTC) transactions to implement a backup mechanism for C2.

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The State of Blockchain Applications in Cybersecurity

eSecurity Planet

Whether perceived or real, a lack of understanding about blockchain technology has slowed the adoption of advanced distributed database technology in the past decade. This functionality makes forging a record in a blockchain ledger extremely difficult at best. However, federal officials didn’t reverse the blockchain transaction.

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De-anonymizing Bitcoin

Schneier on Security

Within a few years of Bitcoin’s arrival, academic security researchers — and then companies like Chainalysis — began to tear gaping holes in the masks separating Bitcoin users’ addresses and their real-world identities.