United States regulators have charged 5 Chinese citizens for launching malware attacks that led to the cryptocurrency hijacking of computers to illicitly mine cryptocurrencies. However, the indictment didn’t mention which crypto assets the Chinese cybercriminals tried to mine.
In line with a recent official report, cybercriminals are said to be fugitives in China with one among them claiming links to the Chinese Ministry of State Security. Moreover, the cybercriminals were said to be employees of a Chinese cybersecurity firm named Chengdu 404 Network Technology which consistent with an earlier indictment was a self-described network security firm that was illicitly run by the cybercriminals posing as ethical “white hat” hackers.
On the other hand, 3 of the self-claimed white hat hackers who glided by the names Jiang Lizhi, Qian Chuan & Fu Qiang employed supply chain hacking techniques that permitted the cybercriminals to compromise victim computer networks that included official government networks within India and Vietnam. The hackers also stole personal data by hijacking computers from 100 private corporations located in the United States and abroad.
As per the indictment, the underlying goal of the cybercrime conspiracy was to get commercial success for CHENGDU 404. Deputy Attorney General Jeffrey A. Rosen added within an official statement:
“The Chinese Communist Party has chosen a special path of creating China safe for cybercriminals so long as they attack computers outside China & steal properties helpful to China for the future.”
In line with the report, the investigation involved Big tech’s analyst teams from Microsoft’s Threat Intelligence Center [MSTIC] & Digital Crimes Unit [DCU], Google’sThreat Analysis Group [TAG], and Facebook along with the others.