Research finds that Malware mined 5 percent of Monero that was in curculation – Bitcoints

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Published on June 14th, 2018 | by bitcoin

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Research finds that Malware mined 5 percent of Monero that was in curculation

Research finds that Malware mined 5 percent of Monero that was in curculationA June 11 report by network and enterprise security company Palo Alto Networks has found that around 5 percent of all Monero (XMR) in circulation was mined maliciously.
According to Grunzweig, Monero has an “incredible monopoly” on the cryptocurrencies targeted by malware, with a total of $175 mln mined maliciously (about 5 percent of all Monero now in circulation).
Of the 2,341 Monero wallets found, only 55 percent (or 1,278) have more than 0.01 XMR (currently worth around $1.19).
The proportion of coins estimated to be mined with Monero speaks largely to the number of machines that are compromised.
Last week, a security team found that over 40,000 computers were infected with mining malware, including for Monero, from industries including finance, education, and government.

Source: Cointelegraph.com

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