Malicious Cryptocurrency Mining tool turns Computers into Zcash Mining Machines

Since its launch over a month ago, new virtual currency Zcash (ZEC) has become a significant way for cybercrooks to make money by infecting computers with software mining program.

Launched in late October, Zcash (ZEC) is a new cryptocurrency currency that claims to be more anonymous than Bitcoin, as the sender, recipient and value of transactions can be hidden.

With this premise, Zcash

DDoSCoin — New Crypto-Currency Pays Users for Participating in DDoS Attacks

It’s 2016, and now, you can earn some dollars by contributing into well-organized DDoS attack scheme.

Do you know while mining Bitcoins you are actually contributing a significant computational power to keep the Bitcoin network running?

In Bitcoins, the miners actually build and maintain massive public ledger containing a record of every Bitcoin transaction in history.

When one user tries

Bitcoin Price Drops 20% After $72 Million in Bitcoin Stolen from Bitfinex Exchange

Yet another blow to Bitcoin: One of the world's most popular exchanges of the cryptocurrency has suffered a major hack, leading to a loss of around $72 Million worth of Bitcoins.

Hong Kong-based Bitcoin exchange 'Bitfinex' has posted a note on their website announcing the shutdown of its operation after discovering a security breach that allowed an attacker to steal some user funds.

While

Corrupt Federal Agent charged in Silk Road theft accused of stealing another $700,000

A former United States undercover agent who stole hundreds of thousands of dollars worth of Bitcoins during an investigation into the underground drug marketplace Silk Road is now suspected of stealing even more of the cryptocurrency from two other cases.

Shaun Bridges is one of two former US agents who pleaded guilty last year and was sentenced in December to almost six years in prison for