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Hackers Using Monero Mining Malware as Decoy, Warns Microsoft

Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, Microsoft cautioned in a report.

Updated Sep 14, 2021, 10:36 a.m. Published Dec 1, 2020, 6:15 p.m.
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Crypto-jacking is giving nation-state hackers a decoy for their more malicious attacks, warned Microsoft in a Monday report.

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The company's intelligence team said a group called BISMUTH hit government targets in France and Vietnam with relatively conspicuous monero mining trojans this summer. Mining the crypto generated side cash for the group, but it also distracted victims from BISMUTH's true campaign: credential theft.

Crypto-jacking "allowed BISMUTH to hide its more nefarious activities behind threats that may be perceived to be less alarming because they’re 'commodity' malware," Microsoft concluded. It said the conspicuousness of monero mining fits BISMUTH's "hide in plain sight" MO.

Microsoft recommended organizations stay vigilant against crypto-jacking as a possible decoy tactic.

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

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Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits

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Anthropic is set to raise $20 billion in its latest funding round, double the amount it initially targeted, according to the FT.

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  • Anthropic, the maker of the Claude chatbot, is set to raise about $20 billion in new funding at a valuation of $350 billion, according to the Financial Times.
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  • The news is boosting spirits in the AI sector, with bitcoin miners turned AI infrastructure providers like IREN, TeraWulf, Cipher Mining and Hut 8 surging higher.