A Japanese court has demanded a man who infected website visitors with cryptocurrency mining malware face justice - after acquitting him.
As local daily news outlet The Mainichi reported on Feb. 7, the Tokyo High Court overturned a previous ruling which cleared the man, who was not named, of any wrongdoing.
According to the original indictment, the 32-year-old web designer installed the Coinhive miner on his own website in October 2017.
It was active for a month, using visitors' devices to mine cryptocurrency for his own benefit - a practice known as "Cryptojacking."
The man then faced legal consequences in March 2018 but ultimately avoided punishment.
It remains unknown how much the website owner made in illicit proceeds during the brief period that Coinhive was active.
As Cointelegraph reported, Coinhive itself shut down last year, having reportedly become economically unviable.
Its fortunes appeared closely tied to those of privacy-focused altcoin, Monero, a favorite of mining programs that attackers use to carry out covert activities.
Monero saw a significant drop in value in 2018, while a hard fork further complicated matters for Coinhive.
By comparison, the service was active on over 300 websites as of May 2018, statistics reported at the time.
Japan Convicts Cryptojacker Who Misled Victims Over Monero Mining
pubblicato su Feb 7, 2020
by Cointele | pubblicato su Coinage
Menzionato in questo articolo
Another mainstream company is seeking approval to invest in crypto
Anthony Scaramucci's investment firm, SkyBridge, seeks approval from the SEC to invest in crypto.
COVID-19 popularized decentralization, but blockchain may not catch on
On Nov. 9, drugmaker Pfizer announced that its COVID-19 vaccine is 90-plus percent effective, and even though it may be premature to proclaim the pandemic's end - as the virus continues to rage in the United States and Europe - once can at least speculate: Where will blockchain adoption stand when the crisis abates?
Bitcoin hits new 2020 high at $16.7K -Traders expect bigger breakout
The price of Bitcoin hit a new yearly high at $16,717 on Binance.
The next big crypto market could be fantasy sports, says Messari
As "Digitally native" ecosystems like esports continue to synergize with blockchain technology, industries like fantasy sports could be primed for mass adoption, says digital research firm Messari.