Hackers Are Using Three Fake Crypto-Related Apps to Drain Wallets – Security Bitcoin News


Hackers Are Using Three Fake Crypto-Related Apps to Drain Wallets

While bitcoin (BTC) prices are increasing, crypto-related scams appear on the scene to take advantage of the situation. In this case, a security firm spotted three malicious crypto apps targeting users to steal their funds.

Three Bogus Crypto Trading and Poker Apps Are Infected With Dangerous Malware

According to Intezer Labs, a year-long malware operation has been underway since January 2020, spreading faster with the help of a sophisticated marketing campaign.

Per the research, the threat actors rely on three cryptocurrency-related apps to spread a Remote Access Tool (RAT) malware named ElectroRAT: Jamm and eTrade/Kintum (both fake crypto trading platforms), and DaoPoker (fake crypto poker app).

Intezer Labs also found that these cybercriminals are developing versions of their software for Windows, Mac and Linux to increase confidence in their products, and to target a wider range of victims across the globe.

The investigators say there are “thousands of victims” affected by ElectroRAT’s campaign, which includes domain registrations, websites, trojanized applications, and fake social media accounts.

Some of these bogus apps were spotted in crypto-themed forums such as bitcointalk and Steemcoinpan, as fake profiles are used to promote the apps, asking people to download an application that is already infected by the malware.

An ‘Uncommon’ Malware on the Radar

After getting infected, the program drains victims’ crypto wallets. Intezer Labs provides more details about malicious apps that contain ElectroRAT:

ElectroRAT is extremely intrusive. It has various capabilities such as keylogging, taking screenshots, uploading files from disk, downloading files and executing commands on the victim’s console. The malware has similar capabilities for its Windows, Linux and macOS variants.

The research firm highlights that it’s “very uncommon” to see this kind of malware steal sensitive information from cryptocurrency users. Intezer Labs adds:

It is even more rare to see such a wide-ranging and targeted campaign that includes various components such as fake apps and websites, and marketing/promotional efforts via relevant forums and social media.

Tags in this story
Crypto hackers, cybersecurity, DaoPoker, data security, electroRAT, eTrade/Kintum, fake, Hackers, Intezer Labs, Jamm, Malware, Security, Wallet

What are your thoughts about the findings from the security firm? Let us know in the comments section below.

Felipe Erazo

Born in Colombia, Felipe earned a degree in journalism at the University of Chile with the highest honor in the overall ranking and holds a Bachelor of Arts in Social Communication. He is a writer with more than nine years of experience, first in the Forex field and later in the crypto industry as an analyst/news junkie. Among his interest topics include human rights, decentralization, financial markets, geopolitics, sports, and new technologies. An inveterate traveler, and always attracted to a good plate of food.

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