What Is Crypto Jacking? An Informational Guide From KuCoin

With the advancement of crypto and the expansion of the crypto business, many people choose to earn a profit from unethical and illegal ways. Although cryptocurrency is designed to be the most secure form of currency, no system in the world is free from security threats. That is why, if you want to enjoy a completely secure platform that constantly updates its security features, you should choose KuCoin. The platform has many features, including the latest USDC, LUNC, bitcoin prices, and 700 other coins. 

KuCoin also provides its users with the latest information about cryptocurrency trends and educates them about the possible scam and hacking attacks so that the users are completely secure from all kinds of frauds. In this article, we will understand crypto-jacking and how you can identify and eliminate it, so let’s get started.

What is Crypto Jacking?

Crypto-jacking is not a hack to steal coins but a technique where the hacker uses the resources of computers and devices to mine the cryptos. The miners can generate cryptocurrency by solving complex equations, and to mine the cryptos, you need powerful hardware support, which is an electricity-intensive process. Crypto-jacking includes using another person’s computer and devices to mine the cryptos without their knowledge, and it can remain mostly undetected as there are no losses in crypto wallets.

How does Crypto Jacking Works?

First, you need to understand crypto mining to understand the concept of crypto-jacking. The Crypto industry is based on blockchain, and each transaction adds a new block in the blockchain that is used to verify the authenticity of the coins. This blockchain is based on a complex mathematical procedure that crypto miners perform, and the blockchain rewards them with coins for their service. In simple words, crypto mining is the trading of computer resources for coins. But miners would require a lot of electricity and powerful processors to mine the cryptos. That is where crypto jacking comes in. Crypto hackers use the resources of someone else’s computers to mine the cryptos. They send the encrypted codes by mail or fake links, and when the victim clicks on it, the app automatically starts to work in the background.

Effect Of CryptoJacking?

There is no data breach or privacy hack in crypto jack, and you will not lose your computer or data. The only thing that you will notice is that your device gets laggy or overheated. If you are using a mobile phone, the battery starts to fall quickly, which can be a sign of crypto-jacking.

How To Identify Crypto Jacking?

The only sign that crypto-jacking will give you is the laggy device that can easily get overheated. However, if you want to confirm that it is due to crypto-jacking, you can use several methods. Some of these methods are:

• You can detect the traces of crypto-jacking with the use of network monitoring solutions. This method will highlight all outgoing and incoming connections, and you can easily know that something is going on in the background.
• The users can also use antivirus programs to track the unwanted files and programs causing the device to run.

How To Solve Crypto Jacking?

Once you have detected crypto-jacking, it is not difficult to solve. You can easily eliminate it by killing the browser running the script. If the mining is based on cloud infrastructure containers, you can shut down the infected server. These methods can quickly solve the problem without any issue.