cryptojacking definition

cryptojacking definition

Cryptojacking refers to a cyberattack where attackers hijack victims' computing device resources without authorization, using malicious software or code to conduct cryptocurrency mining activities. This attack typically operates through implanted malicious scripts, infected browser plugins, or exploitation of system vulnerabilities, secretly utilizing victims' hardware resources such as CPU and GPU to mine digital assets like Monero and Ethereum, while attackers collect the mining profits. Cryptojacking has become a significant threat in cybersecurity, with its strong concealment and low-cost characteristics enabling rapid global proliferation, posing serious risks to individual users, enterprise servers, and cloud computing platforms alike.

Cryptojacking refers to a cyberattack where attackers hijack victims' computing device resources without authorization, using malicious software or code to conduct cryptocurrency mining activities. This attack typically operates through implanted malicious scripts, infected browser plugins, or exploitation of system vulnerabilities, secretly utilizing victims' hardware resources such as CPU and GPU to mine digital assets like Monero and Ethereum, while attackers collect the mining profits. Cryptojacking has become a significant threat in cybersecurity, with its strong concealment and low-cost characteristics enabling rapid global proliferation, posing serious risks to individual users, enterprise servers, and cloud computing platforms alike.

What Are the Key Features of Cryptojacking?

The core characteristics of cryptojacking lie in its concealment and unauthorized nature, with attackers employing various technical methods to occupy target device resources. From a technical implementation perspective, cryptojacking primarily divides into browser-based mining scripts and malware-based persistent attacks. The former embeds JavaScript mining code (such as Coinhive) into web pages, automatically running when users visit infected websites and stopping when browsers close; the latter infects operating systems through trojans, worms, and other malicious programs, achieving long-term residence and continuous mining. In target selection, attackers prefer high-configuration servers, cloud platform instances, or websites with substantial traffic to maximize mining efficiency. Technically, modern cryptojacking attacks often employ code obfuscation, process masquerading, and anti-debugging techniques, making detection by security software difficult. Some advanced attacks dynamically adjust resource utilization rates to avoid triggering system performance monitoring alarms, further enhancing concealment.

What Is the Market Impact of Cryptojacking?

Cryptojacking has generated profound impacts on the cryptocurrency ecosystem and cybersecurity market. From an economic perspective, this attack behavior has led to billions of dollars worth of computing resources being illegally occupied globally, with victims bearing high electricity costs and hardware depreciation expenses while attackers obtain cryptocurrency profits at extremely low costs. According to cybersecurity research institutions, cryptojacking attacks surged over 400% during 2017-2018, becoming one of the most prevalent cyberattack forms at that time, directly driving hash rate growth for privacy coins like Monero. In the technical ecosystem, the proliferation of cryptojacking prompted browser manufacturers and security companies to strengthen defense mechanisms, with mainstream browsers like Chrome and Firefox successively blocking mining scripts, while the cybersecurity industry developed specialized anti-cryptojacking detection tools. For cloud computing and hosting service providers, cryptojacking attacks cause resource abuse and service quality degradation, forcing the industry to strengthen account auditing, abnormal traffic monitoring, and other security measures. Additionally, this attack form has attracted regulatory attention to illegal cryptocurrency usage scenarios, with some countries beginning to formulate targeted legal provisions explicitly defining unauthorized crypto mining as cybercrime.

What Are the Risks and Challenges of Cryptojacking?

Cryptojacking poses multi-layered risks to victims and the entire digital ecosystem. For individual users, the most direct impact is sharp device performance degradation, with sustained high CPU utilization causing system lag, overheating, or even hardware damage, while electricity expenses increase significantly. In enterprise environments, cryptojacking not only consumes server resources affecting business operations but may also serve as part of an attack chain, opening entry points for more serious data theft and ransomware attacks. Cloud computing users face particularly prominent risks, as attackers may rapidly spread using hijacked cloud instances, forming large-scale botnets that lead to massive bills and service disruptions. From a detection perspective, identifying cryptojacking presents technical challenges, as many mining programs masquerade under legitimate process names with dynamically adjustable resource utilization rates, rendering traditional signature-based detection methods ineffective. Legally, the cross-border nature of cryptojacking and the use of anonymous cryptocurrencies make tracking and prosecuting attackers extremely difficult, with most cases resulting in no convictions. Additionally, some attacks spread through supply chain vulnerabilities in legitimate websites (such as third-party advertising scripts and open-source library poisoning), causing website operators to unknowingly become attack propagators, bringing legal liability and reputational risks. For cryptocurrency projects, excessive illegal mining activities may damage coin reputations, prompting some projects to adjust consensus algorithms to resist hijacking mining.

Cryptojacking has become an unavoidable cybersecurity threat in the digital age, with its low-cost and highly concealed characteristics enabling attackers to steal computing resources on a massive scale, causing serious economic losses and technical challenges for individual users, enterprises, and cloud service providers. This attack form not only drives the expansion of illegal cryptocurrency usage scenarios but also prompts the security industry and regulatory authorities to continuously improve defense systems and legal frameworks. For the crypto ecosystem, curbing cryptojacking requires the collective enhancement of technological innovation, industry collaboration, and user security awareness. Only through multi-layered defense and effective accountability mechanisms can the healthy development of digital asset systems and effective protection of user rights be maintained.

Share

Related Glossaries
Commingling
Commingling refers to the practice where cryptocurrency exchanges or custodial services combine and manage different customers' digital assets in the same account or wallet, maintaining internal records of individual ownership while storing the assets in centralized wallets controlled by the institution rather than by the customers themselves on the blockchain.
Define Nonce
A nonce (number used once) is a random value or counter used exactly once in blockchain networks, serving as a variable parameter in cryptocurrency mining where miners adjust the nonce and calculate block hashes until meeting specific difficulty requirements. Across different blockchain systems, nonces also function to prevent transaction replay attacks and ensure transaction sequencing, such as Ethereum's account nonce which tracks the number of transactions sent from a specific address.
Rug Pull
A Rug Pull is a cryptocurrency scam where project developers suddenly withdraw liquidity or abandon the project after collecting investor funds, causing token value to crash to near-zero. This type of fraud typically occurs on decentralized exchanges (DEXs), especially those using automated market maker (AMM) protocols, with perpetrators disappearing after successfully extracting funds.
Decrypt
Decryption is the process of converting encrypted data back to its original readable form. In cryptocurrency and blockchain contexts, decryption is a fundamental cryptographic operation that typically requires a specific key (such as a private key) to allow authorized users to access encrypted information while maintaining system security. Decryption can be categorized into symmetric decryption and asymmetric decryption, corresponding to different encryption mechanisms.
Anonymous Definition
Anonymity is a core feature in the blockchain and cryptocurrency space, referring to the ability of users to protect their personal identity information from being publicly identified during transactions or interactions. Anonymity exists in varying degrees in the blockchain world, ranging from pseudonymity to complete anonymity, depending on the specific technologies and protocols used.

Related Articles

False Chrome Extension Stealing Analysis
Advanced

False Chrome Extension Stealing Analysis

Recently, several Web3 participants have lost funds from their accounts due to downloading a fake Chrome extension that reads browser cookies. The SlowMist team has conducted a detailed analysis of this scam tactic.
6-12-2024, 3:30:24 PM
Analysis of the Sonne Finance Attack
Intermediate

Analysis of the Sonne Finance Attack

The essence of this attack lies in the creation of the market (soToken), where the attacker performed the first collateral minting operation with a small amount of the underlying token, resulting in a very small "totalSupply" value for the soToken.
6-13-2024, 12:35:30 AM
What is a Crypto Card and How Does it Work? (2025)
Beginner

What is a Crypto Card and How Does it Work? (2025)

In 2025, crypto cards have revolutionized digital payments, with Gate Crypto Card leading the market through unprecedented innovation. Now supporting over 3000 cryptocurrencies across multiple blockchains, these cards feature AI-powered exchange rate optimization, biometric security, and customizable spending controls. Gate's improved reward structure offers up to 8% cashback, while integration with major digital wallets enables acceptance at 90 million merchants worldwide. The enhanced user experience includes real-time transaction tracking, spending analytics, and automated tax reporting. With competitive advantages over other platforms, Gate Crypto Card demonstrates how the bridge between traditional finance and digital assets has strengthened, making cryptocurrency more accessible and practical for everyday use than ever before.
5-29-2025, 2:35:39 AM