Cryptocurrency Mining Software Reported On Apps Downloaded From Android App Store

A recent open source report suggested that hundreds of malicious Android apps containing a hidden Coinhive cryptocurrency miner were available for download on the third-party app store,

Coinhive uses website visitors’ CPU resources to mine the cryptocurrency Monero, providing website owners with a legitimate alternative to advertising for monetising their websites.  In October 2017, Coinhive acknowledged they had underestimated the extent of service misuse and launched a new version, AuthoredMine, with an opt-in screen which asked users for permission to borrow their computing power.  Nevertheless, the original version of the service is still reportedly in circulation.

Cryptocurrencies rely on ‘miners’ to carry out a large number of calculations to verify transactions. In exchange for contributing computing power, miners are rewarded with cryptocurrency. A miner running in the background can significantly reduce the performance and battery life of a computer or device, and cause it to overheat.

Duncan Newell

Duncan is a technology professional with over 20 years experience of working in various IT roles. He has a interest in cyber security, and has a wide range of other skills in radio, electronics and telecommunications.

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