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The Hacker News - Cybersecurity News and Analysis: zcash

Critical Zcash Bug Could Have Allowed 'Infinite Counterfeit' Cryptocurrency

Critical Zcash Bug Could Have Allowed 'Infinite Counterfeit' Cryptocurrency

February 06, 2019Swati Khandelwal
The developers behind the privacy-minded Zcash cryptocurrency have recently discovered and patched a highly dangerous vulnerability in the most secretive way that could have allowed an attacker to coin an infinite number of Zcash (ZEC). Yes, infinite… like a never-ending source of money. Launched in October 2016, Zcash is a privacy-oriented cryptocurrency that claims to be more anonymous than Bitcoin, as the sender, recipient, and value of transactions remain hidden. In a blog post published today, the Zerocoin Electric Coin Company—the startup behind Zcash—revealed that one of its employees, Ariel Gabizon, discovered the vulnerability in its code on 1st March 2018, the night prior to his talk at the Financial Cryptography conference almost a year ago. Gabizon contacted Sean Bowe, a Zcash Company's cryptographer, immediately after discovering the counterfeiting vulnerability, as dubbed by the team, and the team decided to keep the flaw secret in order to avoid the risk o
Shadow Brokers Launches 0-Day Exploit Subscriptions for $21,000 Per Month

Shadow Brokers Launches 0-Day Exploit Subscriptions for $21,000 Per Month

May 30, 2017Swati Khandelwal
As promised to release more zero-days exploits and hacking tools for various platforms starting from June 2017, the infamous hacking group Shadow Brokers is back with more information on how to subscribe and become a private member for receiving exclusive access to the future leaks. The Shadow Brokers is the same hacking group who leaked NSA's built Windows hacking tools and zero-day exploits in public that led to the WannaCry menace . When the Shadow Brokers promised its June 2017 release two weeks ago, the group announced that it would sell new zero-day exploits and hacking tools only to the private members with paid monthly subscription, instead of making them public for everyone. How to Become Member of the 'Wine of Month' Club? Now, just a few minutes ago, the hacking collective has released details about how to participate in the monthly subscription model – or the "Wine of Month Club," as the group called it – to get exclusive access to the
Malicious Cryptocurrency Mining tool turns Computers into Zcash Mining Machines

Malicious Cryptocurrency Mining tool turns Computers into Zcash Mining Machines

December 13, 2016Swati Khandelwal
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 attracted significant interest from academics, investors, miners, and cyber criminals. Within the first few hours of its launch, 1 ZEC reached $30,000, a relatively high value any cryptocurrency ever had. At the time of writing, 1 ZEC is worth 0.06 BTC or around $49. However, according to a blog post published on Monday by Kaspersky Lab, cyber criminals have already started deploying malware that installs on and infects the computers of unsuspecting users and then uses their resources to mine Zcash for the hacker's profit. You Might have Zcash Mining Malware on Your PC! The actual s
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