Widespread use and intense popularity among masses has made cryptocurrency a ‘dream come true’ like wonder. In the meantime, crypto mining has become an art and some culprits have discovered numerous fraudulent ways to do the job. This leads to a relatively new term “cryptojacking”.

We have shared with our readers how people use porn sites to mine cryptocurrency. in fact cryptojackers insert a JavaScript malicious code into websites and advertisements that uses victim’s CPU’s power to mine cryptocurrency for them. There are reports that hackers have found the way to insert malicious script into YouTube ads as well.

Ars Technica, a YouTube user, reported earlier that suspected script from a service called ‘CoinHive’ causes triggering of users’ anti-virus software while YouTube ads are being played on their PC. It was presumed that a cryptojacking site might have inserted a special script that uses CPU’s power of people watching those ads on YouTube.

The Telegraph reported that the CBS Showtime, UFC live-streams and even official websites for the governments of Moldova and Bangladesh have also fallen victim. In some instances, websites that offer free services – such as sites that help people download films, TV series and music for free like The Pirate Bay, explicitly use miners to offset running costs.

Google Fixes YouTube Ads Doing Crypto Mining

Google, the owner of YouTube, has come up with an immediate fix of the issue faced by millions of users worldwide. A Google spokesman responds:

Mining cryptocurrency through ads is a relatively new form of abuse that violates our policies and one that we’ve been monitoring actively. We enforce our policies through a multi-layered detection system across our platforms which we update as new threats emerge. In this case, the ads were blocked in less than two hours and the malicious actors were quickly removed from our platforms.

Most of the users came up with one common thing in these hacks and that is CoinHive – a crypto mining service. Since September last year, CoinHive has been offering a Javascript Monero miner that anyone can register to use and slip into a website. In return, CoinHive takes a 30 percent cut.

It seems that cryptojackers have decided to target the most widely used video platform on the web to get their evil job done. However, Google says it typically removes mining adverts down within minutes of their appearance, but are up against hackers who continuously change tactics to try and get around their systems.

Be safe on web.