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Mining Ethereum Can Make You A Target For Hack Attacks According To Developers



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As time goes by, hackers are getting creative and are finding new ways to steal your cryptocurrencies. In today’s ethereum news we take a look at the massive growth in hack attacks in ethereum wallets since they have a specific vulnerability.

According to developers, the hackers are targeting Ethereum wallets and mining equipment through an exposed port 8545 on specific devices, which is a standard port for the JSON-RPC interface that can be used for mine-related activities.

The ethereum developers have also warned users about the dangers of exposing the interface when using equipment for mining ethereum and the ethereum software, urging them to create a password for the interface to activate a firewall.

The JSON-RPC interface doesn’t come with a password. Users can set one but they rarely do. For Ethereum wallets that are exposed, hackers can send the API different commands and transfer funds from the wallet they attacked.

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The mining rigs producers have also done the best they can to limit the damage that is caused by the problematic interface by urging the users to add a password. Other removed the interface totally.

This is the first time that the market scanning is done in a bear market. All of the data reports show that all of the analyses were conducted when the prices were stable. What makes the market scanning that hackers do incredibly difficult to understand is how it can be possible to find such tools so easy to exploit Ethereum clients. More than 4,500 devices made up of Geth mining rigs and Parity wallets are the ones that are the most vulnerable devices.

In 2017, hackers managed to steal about $32 million in ether because of the vulnerability in Parity’s multi-signature wallet.



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