NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: XRP Projected To Reach $8 By 2026: Standard Chartered Identifies Two Major Catalysts
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: XRP Projected To Reach $8 By 2026: Standard Chartered Identifies Two Major Catalysts

E-Sports Entertainment: $1 Million Bitcoin Mining Botnet Scheme

newsbtc
newsbtc
Last Updated: October 7, 2020 11:41 am
3 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

e-sports entertainment logoA gaming company based out of New York has reached a settlement with the New Jersey Attorney General’s office of $1 million for running what could be described as a Bitcoin mining botnet scheme on user computers.

E-Sports Entertainment [ESEA], which offers gaming-related software [that cost $6.95 per month] essentially “full administrative access to users’ computers” — which included being able to take screenshots, view what’s on the screen, and even see movements of the cursor. That’s not all, the software contained code that turned user machines into Bitcoin miners when users’ graphic cards weren’t being used heavily.

In a matter of two weeks back in April, the company was able to mine 29 Bitcoins using their customers’ machines (a value of nearly $15,000 at the current exchange rate).

When a user discovered the code and warned fellow users,  the company made the following statement:

With the whole fervor around bitcoin, we did conduct some internal tests with the client on only two of our own, consenting administrators’ accounts to see how the mining process worked and determine whether it was a feature that we might want to add in the future. We thought this might be an exciting new tool that we could provide to our community. Ultimately, we decided that it was not.

E-Sports says a rogue employee was behind the actual execution of the Bitcoin mining scheme and not an action taken by the company as a whole. E-Sports has since donated the Bitcoin proceeds to a cancer charity.

$325,000 of the $1 million settlement will be paid to the state of New Jersey, and the remainder will be suspended given E-Sports fully satisfies settlement terms and keeps out of trouble.

The company has released the following statement on their website:

As a result of the Bitcoin incident that occurred earlier this year, an investigation was opened by the Attorney General of New Jersey. We cooperated fully with the investigation and agreed to settle the matter so that we would be able to return our full attention to our business and serving the needs of the ESEA community.

We want to make it clear to our community that we do not agree with the Attorney General’s account of the Bitcoin incident.

The settlement that was signed makes explicitly clear that we do not agree, nor do we admit, to any of the State of New Jersey’s allegations. The press release issued by the Attorney General about our settlement represents a deep misunderstanding of the facts of the case, the nature of our business, and the technology in question.

Moving forward, it is our intent to provide our community with confidence that ESEA will be taking every possible step to protect your privacy. The employee who was responsible for the Bitcoin incident was terminated, and we are taking steps to ensure that nothing like this can happen again. In the weeks to come, you can expect to see a notice posted on our website that provides a detailed explanation of our privacy policy in a manner that can be easily understood. Additionally, regular audits will be conducted by a third party specialist in order to ensure that we maintain a secure environment and protect your privacy.

The ESEA Client remains to be a powerful tool that we will continue to offer our customers for a fair online video game experience. We remain committed to moving forward and focusing on delivering a high quality online video game experience for our customers.

[via CoinDesk]

Tweet123Share196ShareSend
newsbtc
newsbtc

newsbtc

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

고래들은 이미 움직였다… 3천만 달러 몰린 ‘비트코인 L2’의 정체

핵심 내용: 디파이 토큰을 중심으로 한 고래 매집이 포착되며, 암호화폐 시장의 극단적 공포 국면이 완화되고 있다. 공포·탐욕 지수 반등은 투자 심리가 바닥을 다졌을 가능성을 시사하...

Soyeon Lee 6 hours ago
Dogecoin Near $0.11–$0.12 Offers 'Incredible Risk/Reward,' Says Analyst

Dogecoin Near $0.11–$0.12 Offers ‘Incredible Risk/Reward,’ Says Analyst

Crypto analyst Matt Hughes, who posts as “The Great Mattsby,” called the $0.11–$0.12 zone “incredible” risk/reward for Dogecoin in a...

Jake Simmons 7 hours ago
NFT, crypto

Crypto Hacks Swipe Nearly $3 Billion In 2025 Despite Fewer Attacks – Report

As we approach the final day of a massive year for the crypto industry, a recent report revealed that the...

Rubmar Garcia 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Why Bitcoin Prioritizes Simple Validation Over Complex Execution

Godspower Owie 21 minutes ago
Bitcoin

Bitcoin Enters Decision Phase, But What Does It Mean For The Crypto Market?

Scott Matherson 1 hour ago
Bitcoin

$748 Million Bitcoin Buying Spree Sparks Bullish Momentum

Christian Encila 3 hours ago

Premium Sponsors

Press Releases

  • Dự báo từ ChatGPT

    Dự báo từ ChatGPT làm bùng nổ tranh luận mới...

    7 hours ago
  • Meme coin tiềm năng

    Meme coin tiềm năng: Các meme coin đáng mua nhất...

    7 hours ago
  • 3 crypto presale nên mua trước bull run 2026

    Các đồng coin tiềm năng: 3 crypto presale nên mua...

    7 hours ago
  • Alt coin tốt nhất để mua ngay khi Bitcoin

    Alt coin tốt nhất để mua ngay khi Bitcoin rơi...

    7 hours ago
  • Bitcoin Hyper Presale Hits The Last 24 Hours While Bitcoin...

    9 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.