Blockchain Security:"Botnets and Bitcoin Mining” - A Study on the Impacts and Countermeasures

Abstract

Introduction: Botnets have become a significant threat to cybersecurity, as they can be used for a wide range of malicious activities, including Distributed Denial-of-Service (DDoS) attacks, spamming, and cryptocurrency mining. Bitcoin Mining, in particular, has become a lucrative target for cybercriminals, as it requires massive computing power and can generate significant profits. Method: In this paper, the author presents a study on a botnet that uses an HTA file to gain initial access and execute code on a victim's device, followed by the installation of mining software to infect the device and bitcoins. Result: The author analyzes the botnet's behaviour, including its evasion techniques and Bitcoin Mining activities, and discusses the implications of current findings for cybersecurity and Bitcoin Mining. Conclusion: Future research should also investigate the use of different command and control servers and other advanced attack frameworks in botnet operations and examine the potential connections between botnets and other cybercrime activities, such as ransomware and espionage.