Fight Fire with Fire: Botnet Seeks and Destroys Crypto Mining Malware

Security firm Netlab 360 has discovered a new botnet named Fbot in a strange case of fighting fire with fire. Fbot appears to be very different from almost any other botnet because it is seeking and destroying another botnet called ufo miner, known to install crypto mining malware on computers. Fbot doesn’t appear to install […]
Bitcoin Unlikely to Crash After Mt Gox Payouts

Speculation that Mt Gox payouts will crash the Bitcoin markets has been gathering ever since creditors of the exchange began filing civil rehabilitation claims in August. Specifically, one of the numerous Mt Gox creditors, Kim Nilsson, uses the very intense wording that the payouts will “completely crash the market”. Upon review, however, it appears that […]