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Millions of PCs Targeted by Cryptocurrency-Mining Malware

The hackers behind the malware appear to have been selling the hijacked computing power on the mining platform NiceHash, according to Palo Alto Networks.

 & Michael Kan Principal Reporter

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Malware is increasingly developing an appetite for cryptocurrency mining. One newly discovered strain has tried to infect millions of Windows machines, all in an effort to siphon their computing power and possibly sell it for mining purposes.

SecurityWatchThe operation has been going on for over four months, and may have targeted around 15 million machines or more, security firm Palo Alto Networks said Wednesday.

To spread the malware, the hackers have been disguising the code as EXE files made to look like file-sharing downloads with names such as "File4org," "RapidFiles" and "Dropmefiles." Those EXE files have then been circulated online via shortened URL links through services like Bitly and possibly Adfly. It isn't clear where the hackers have been posting the links, but they've generated at least 15 million clicks, according to Palo Alto Networks.

Once the malware infects, it will secretly run an open-source utility called XMRig, which mines Monero, a digital currency now worth about $310 per coin.

"In this case the attackers set it to never use more than 20 percent of (CPU) resources," said Josh Grunzweig, a malware researcher with Palo Alto Networks, in an email. As a result, most victims probably won't notice that the mining is taking place.

Victims of Monero Malware

However, the hackers may be less interested in generating the Monero for themselves than helping others mine it. The malware's code actually contains a reference to NiceHash, an online marketplace for people to buy and sell computing power to mine cryptocurrencies.

"In our research, we've seen that the attackers using it as the marketplace where they 'sell' the hash processing power of the systems they've loaded XMRig on," Grunzweig said.

Palo Alto Networks doesn't know how much Monero the hackers have mined with their malware, but it's been targeting computers mainly in Southeast Asia, North Africa and South America.

The scheme is among the latest hacking threats to capitalize on the rising value of Monero, which was worth only $13 a year ago. Last month, F5 Networks reported that hackers were using leaked NSA cyberweapons to take over Windows and Linux systems, and download malware to mine Monero.

Meanwhile, other cybercriminals have been hijacking websites to run Monero mining scripts over internet browsers. Victims may notice a hit in their computer's processing power when they load the affected websites. Fortunately, antivirus software and browser add-ons can block the activity.

About Our Expert

Michael Kan

Michael Kan

Principal Reporter

My Experience

I've been a journalist for over 15 years. I got my start as a schools and cities reporter in Kansas City and joined PCMag in 2017, where I cover satellite internet services, cybersecurity, PC hardware, and more. I'm currently based in San Francisco, but previously spent over five years in China, covering the country's technology sector.

Since 2020, I've covered the launch and explosive growth of SpaceX's Starlink satellite internet service, writing 600+ stories on availability and feature launches, but also the regulatory battles over the expansion of satellite constellations, fights with rival providers like AST SpaceMobile and Amazon, and the effort to expand into satellite-based mobile service. I've combed through FCC filings for the latest news and driven to remote corners of California to test Starlink's cellular service.

I also cover cyber threats, from ransomware gangs to the emergence of AI-based malware. In 2024 and 2025, the FTC forced Avast to pay consumers $16.5 million for secretly harvesting and selling their personal information to third-party clients, as revealed in my joint investigation with Motherboard.

I also cover the PC graphics card market. Pandemic-era shortages led me to camp out in front of a Best Buy to get an RTX 3000. I'm now following how the AI-driven memory shortage is impacting the entire consumer electronics market. I'm always eager to learn more, so please jump in the comments with feedback and send me tips.

The Best Tech I've Had:

  • My first video game console: a Nintendo Famicom
  • I loved my Sega Saturn despite PlayStation's popularity.
  • The iPod Video I received as a gift in college
  • Xbox 360 FTW
  • The Galaxy Nexus was the first smartphone I was proud to own.
  • The PC desktop I built in 2013, which still works to this day.

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