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Enigma, Vector, and TgToxic: The New Threats to Cryptocurrency Users

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Enigma, Vector, and TgToxic: The New Threats to Cryptocurrency Users

Suspected Russian menace actors have been focusing on Jap European customers within the crypto business with faux job alternatives as bait to put in information-stealing malware on compromised hosts.

The attackers “use a number of extremely obfuscated and under-development customized loaders as a way to infect these concerned within the cryptocurrency business with Enigma stealer,” Pattern Micro researchers Aliakbar Zahravi and Peter Girnus mentioned in a report this week.

Enigma is claimed to be an altered model of Stealerium, an open supply C#-based malware that acts as a stealer, clipper, and keylogger.

The intricate an infection journey begins with a rogue RAR archive file that is distributed through phishing or social media platforms. It incorporates two paperwork, one in all which is a .TXT file that features a set of pattern interview questions associated to cryptocurrency.

The second file is a Microsoft Phrase doc that, whereas serving as a decoy, is tasked with launching the first-stage Enigma loader, which, in flip, downloads and executes an obfuscated secondary-stage payload by means of Telegram.

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“To obtain the following stage payload, the malware first sends a request to the attacker-controlled Telegram channel […] to acquire the file path,” the researchers mentioned. “This strategy permits the attacker to constantly replace and eliminates reliance on mounted file names.”

The second-stage downloader, which is executed with elevated privileges, is designed to disable Microsoft Defender and set up a third-stage by deploying a legitimately signed kernel mode Intel driver that is susceptible to CVE-2015-2291 in a method referred to as Deliver Your Personal Susceptible Driver (BYOVD).

It is price noting that the U.S. Cybersecurity and Infrastructure Safety Company (CISA) added the vulnerability to its Identified Exploited Vulnerabilities (KEV) catalog, citing proof of lively exploitation within the wild.

The third-stage payload finally paves the way in which for downloading Enigma Stealer from an actor-controlled Telegram channel. The malware, like different stealers, comes with options to reap delicate data, document keystrokes, and seize screenshots, all of which is exfiltrated again by the use of Telegram.

Cryptocurrency Users

Bogus job presents are a tried-and-tested tactic employed by North Korea-backed Lazarus Group in its assaults focusing on the crypto sector. The adoption of this modus operandi by Russian menace actors “demonstrates a persistent and profitable assault vector.”

The findings come as Uptycs launched particulars of an assault marketing campaign that leverages the Stealerium malware to siphon private information, together with credentials for cryptocurrency wallets reminiscent of Armory, Atomic Pockets, Coinomi, Electrum, Exodus, Guarda, Jaxx Liberty, and Zcash, amongst others.

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Uptycs

Becoming a member of Enigma Stealer and Stealerium in focusing on cryptocurrency wallets is one more malware dubbed Vector Stealer that additionally comes with capabilities to steal .RDP recordsdata, enabling the menace actors to hold out RDP hijacking for distant entry, Cyble mentioned in a technical write-up.

Assault chains documented by the cybersecurity companies present that the malware households are delivered by means of Microsoft Workplace attachments containing malicious macros, suggesting that miscreants are nonetheless counting on the tactic regardless of Microsoft’s makes an attempt to shut the loophole.

An identical technique has additionally been put to make use of to deploy a Monero crypto miner in opposition to the backdrop of a cryptojacking and phishing marketing campaign aimed toward Spanish customers, in accordance with Fortinet FortiGuard Labs.

Monero crypto miner

The event can also be the most recent in a protracted record of assaults which are aimed toward stealing victims’ cryptocurrency belongings throughout platforms.

This contains a “quickly evolving” Android banking trojan known as TgToxic, which plunders credentials and funds from crypto wallets in addition to financial institution and finance apps. The continuing malware marketing campaign, lively since July 2022, is directed in opposition to cell customers in Taiwan, Thailand, and Indonesia.

“When the sufferer downloads the faux app from the web site given by the menace actor, or if sufferer tries to ship a direct message to the menace actor by means of messaging apps reminiscent of WhatsApp or Viber, the cybercriminal deceives the person into registering, putting in the malware, and enabling the permissions it wants,” Pattern Micro mentioned.

The rogue apps, apart from abusing Android’s accessibility providers to hold out the unauthorized fund transfers, can also be notable for abusing reliable automation frameworks like Easyclick and Auto.js to carry out clicks and gestures, making it the second Android malware after PixPirate to include such workflow IDEs.

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However social engineering campaigns have additionally gone past social media phishing and smishing by organising convincing touchdown pages that imitate common crypto providers with the objective of transferring Ethereum and NFTs from the hacked wallets.

This, in accordance with Recorded Future, is achieved by injecting a crypto drainer script into the phishing web page which lures victims into connecting their wallets with profitable presents to mint non-fungible tokens (NFTs).

Such ready-made phishing pages are being bought on darknet boards as a part of what’s referred to as a phishing-as-a-service (PhaaS), allowing different actors to lease out these packages and swiftly enact malicious operations at scale.

“‘Crypto drainers’ are malicious scripts that operate like e-skimmers and are deployed with phishing strategies to steal victims’ crypto belongings,” the corporate mentioned in a report revealed final week, describing the scams as efficient and rising in recognition.

“Using reliable providers on crypto drainer phishing pages could improve the chance that the phishing web page will move an in any other case savvy person’s ‘rip-off litmus take a look at.’ As soon as crypto wallets have been compromised, no safeguards exist to forestall the illicit switch of belongings to attackers’ wallets.”

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The assaults come at a time when felony teams have stolen a record-breaking $3.8 billion from crypto companies in 2022, with a lot of the spike attributed to North Korean state-sponsored hacking crews.

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Crypto Scam App Disguised as WalletConnect Steals $70K in Five-Month Campaign

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Crypto Scam App Disguised as WalletConnect Steals K in Five-Month Campaign

Sep 28, 2024Ravie LakshmananCryptocurrency / Mobile Security

Cybersecurity researchers have discovered a malicious Android app on the Google Play Store that enabled the threat actors behind it to steal approximately $70,000 in cryptocurrency from victims over a period of nearly five months.

The dodgy app, identified by Check Point, masqueraded as the legitimate WalletConnect open-source protocol to trick unsuspecting users into downloading it.

“Fake reviews and consistent branding helped the app achieve over 10,000 downloads by ranking high in search results,” the cybersecurity company said in an analysis, adding it’s the first time a cryptocurrency drainer has exclusively targeted mobile device users.

Over 150 users are estimated to have fallen victim to the scam, although it’s believed that not all users who downloaded the app were impacted by the cryptocurrency drainer.

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Cybersecurity

The campaign involved distributing a deceptive app that went by several names such as “Mestox Calculator,” “WalletConnect – DeFi & NFTs,” and “WalletConnect – Airdrop Wallet” (co.median.android.rxqnqb).

While the app is no longer available for download from the official app marketplace, data from SensorTower shows that it was popular in Nigeria, Portugal, and Ukraine, and linked to a developer named UNS LIS.

The developer has also been associated with another Android app called “Uniswap DeFI” (com.lis.uniswapconverter) that remained active on the Play Store for about a month between May and June 2023. It’s currently not known if the app had any malicious functionality.

Crypto Scam App

However, both apps can be downloaded from third-party app store sources, once again highlighting the risks posed by downloading APK files from other marketplaces.

Once installed, the fake WallConnect app is designed to redirect users to a bogus website based on their IP address and User-Agent string, and if so, redirect them a second time to another site that mimics Web3Inbox.

Users who don’t meet the required criteria, including those who visit the URL from a desktop web browser, are taken to a legitimate website to evade detection, effectively allowing the threat actors to bypass the app review process in the Play Store.

Besides taking steps to prevent analysis and debugging, the core component of the malware is a cryptocurrency drainer known as MS Drainer, which prompts users to connect their wallet and sign several transactions to verify their wallet.

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Crypto Scam App

The information entered by the victim in each step is transmitted to a command-and-control server (cakeserver[.]online) that, in turn, sends back a response containing instructions to trigger malicious transactions on the device and transfer the funds to a wallet address belonging to the attackers.

“Similar to the theft of native cryptocurrency, the malicious app first tricks the user into signing a transaction in their wallet,” Check Point researchers said.

“Through this transaction, the victim grants permission for the attacker’s address 0xf721d710e7C27323CC0AeE847bA01147b0fb8dBF (the ‘Address’ field in the configuration) to transfer the maximum amount of the specified asset (if allowed by its smart contract).”

In the next step, the tokens from the victim’s wallet are transferred to a different wallet (0xfac247a19Cc49dbA87130336d3fd8dc8b6b944e1) controlled by the attackers.

Cybersecurity

This also means that if the victim does not revoke the permission to withdraw tokens from their wallet, the attackers can keep withdrawing the digital assets as soon as they appear without requiring any further action.

Check Point said it also identified another malicious app exhibiting similar features “Walletconnect | Web3Inbox” (co.median.android.kaebpq) that was previously available on Google Play Store in February 2024. It attracted more than 5,000 downloads.

“This incident highlights the growing sophistication of cybercriminal tactics, particularly in the realm of decentralized finance, where users often rely on third-party tools and protocols to manage their digital assets,” the company noted.

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“The malicious app did not rely on traditional attack vectors like permissions or keylogging. Instead, it used smart contracts and deep links to silently drain assets once users were tricked into using the app.”

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Cryptocurrency Prices on September 28: BTC Tops $66K, Altcoins Mirror Bullishness

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Cryptocurrency Prices on September 28: BTC Tops K, Altcoins Mirror Bullishness

The cryptocurrency prices on Saturday ignited substantial investor optimism across the globe. Bitcoin (BTC) price gained to cross the $66K level today, while Ethereum (ETH), Solana (SOL), and XRP mirrored an upward trajectory. Simultaneously, Pepe Coin (PEPE) led the broader market gains, soaring nearly 20%.

Meanwhile, the global crypto market cap jumped 2.43% over the past day to $2.33 trillion. However, the total market volume witnessed an 8.26% decline in value to $78.21 billion today. Here’s a brief collection of some of the top cryptocurrencies by market cap and their price run on September 28.

Cryptocurrency Prices Today: BTC, ETH, SOL, & XRP Pump

BTC price topped the $66K level today, whereas ETH neared $2,700. Simultaneously, SOL and XRP prices gained 1-3% in the past 24 hours. Whereas, PEPE, NOT, and FLOKI emerged among the day’s top gainers. Let’s take a closer look at the crypto prices today.

Bitcoin Price Today

BTC price gained 1.5% at the time of reporting and is currently trading at $66,093. The coin’s intraday low and high were recorded as $65,107.12 and $66,255.53, respectively. Today’s rising price action falls in line with the broader market trend. Also, it’s worth mentioning that spot Bitcoin ETFs recorded $494.45 million worth of inflows as of September 27, aligning with the pumping price action. However, Bitcoin’s dominance from yesterday slipped 0.20% to 56.13%. Besides, the flagship crypto’s market cap rested at $1.31 trillion today.

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Ethereum Price Today

ETH price chart illustrated a nearly 2% increase in value to reach $2,691 today. The coin’s intraday low and high were recorded as $2,637.98 and $2,728.07, respectively. Notably, even spot Ethereum ETFs registered $58.65 million worth of inflows as of September 27, per Soso Value data. Ethereum’s market cap rested at $323.92 billion today. Whale Alert data for the past day indicated increased whale activity, adding to the intrigue surrounding the asset’s price movements.

Solana Price Today

The crypto SOL witnessed a 2% jump in price today and is currently trading at $158. The coin’s 24-hour low and peak were recorded as $155.68 and $160.98, respectively. Solana’s market cap rested at $74.38 billion today. A recent CoinGape Media report reveals that the coin’s price gained against the backdrop of bullish on-chain data for SOL.

XRP Price Today

Simultaneously, XRP price witnessed a 1% increase in value to reach $0.5904 today. The coin’s intraday low and high were recorded as $0.5853 and $0.597, respectively. XRP’s market cap rested at $33.38 billion today.

Meme Coins Performances Today

On the other hand, Dogecoin (DOGE) price gained nearly 6% in the past 24 hours to reach $0.1259. Similarly, Shiba Inu (SHIB) price soared roughly 10% in the past 24 hours to reach $0.00002097. Meanwhile, PEPE and FLOKI surfed along the day’s top gainers.

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Top Cryptocurrency Gainers Prices Today

Pepe Coin

PEPE price surged by a whopping 20% in the past 24 hours and is currently trading at $0.00001135. The coin’s 24-hour low and high were $0.000009646 and $0.0000115, respectively.

Notcoin

NOT price mirrored a bullish sentiment, gaining nearly 16% to $0.00988 today. The crypto’s intraday low and high were $0.008649 and $0.01063, respectively.

FLOKI

FLOKI price noted a 10% uptick in value to reach $0.0001709 today. The coin’s 24-hour low and high were $0.0001571 and $0.0001763, respectively.

Top Cryptocurrency Losers Prices Today

Popcat

POPCAT price slipped over 5% to rest at $0.9436 today. Its 24-hour low and high were $0.9169 and $1.08, respectively.

eCash

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XEC price waned nearly 4% over the past day to reach $0.00003823. The coin’s intraday low and high were $0.00003779 and $0.00003941, respectively.

Sei

SEI price noted a 3% decrease in value to reach $0.4566 today. The coin’s intraday low and high were $0.4545 and $0.4796, respectively.

Besides, the hourly time frame charts sparked further speculations over the cryptocurrency prices today. BTC waned 0.04%, while ETH gained 0.02%, igniting uncertain investor sentiments across the broader market.

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Coingape Staff

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

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How the Fed's Rate Cuts Could Shave Millions in Stablecoin Issuer Income

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How the Fed's Rate Cuts Could Shave Millions in Stablecoin Issuer Income

Key Takeaways

  • The Federal Reserve’s recent decision to cut interest rates will lead to lower revenue for stablecoin issuers, according to a new cryptocurrency industry report.
  • Issuers of stablecoins have held U.S. Treasurys as a way to earn a return on the reserves backing the digital assets they issue.
  • Stablecoin providers hold nearly $125 billion of U.S. Treasurys, and each 50 bps rate cut is expected to lead to a $625 million drop in annual interest income derived from these assets.
  • If rates continue to fall, as expected, stablecoin providers may need to look into alternative reserves to back their digital assets, a crypto industry executive forecast.

Stablecoin issuers could be looking at lower income as the Federal Reserve (Fed) kicked off its first rate cut cycle since 2020.

Each 50 basis point cut by the Fed could lead to a $625 million drop in total annual interest income for stablecoin issuers, according to a new report from digital asset data provider CCData.

Those hits could quickly add up as the Fed itself expects cuts totaling 50 basis points by the end of this year, and another 100 basis points by the end of next year.

Why Would A Rate Cut Affect Stablecoins?

Stablecoins are cryptocurrencies whose value is pegged to another cryptocurrency. Some of the most popular stablecoins have their value pegged to the U.S. dollar and keep a reserve in cash or equivalent investments—often U.S. Treasurys—to maintain that peg.

Centralized stablecoin providers, such as Tether (USDTUSD) and Circle (USDCUSD), have relied heavily on their holdings of U.S. Treasurys earning interest over the past few years as high interest rates drove up Treasury yields.

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U.S. Treasurys make up the vast majority of reserves held by stablecoin issuers, at just over 80%. This amounts to holdings of nearly $125 billion worth of Treasurys.

Tether, the largest stablecoin by market cap, alone holds $93.2 billion worth of U.S. debt, which accounted for much of that digital asset company’s $5.2 billion of profits in the first half of 2024, the CCData report said.

Bitcoin.com Director of Engineering Andrei Terentiev speculated on social media that lower interest rates could eventually push stablecoin providers and other financial institutions into riskier assets in an effort to earn a return on their reserves.

“With lower yields on safer assets, institutions often shift their focus toward ‘risk-on’ assets,” Terentiev posted on the platform X. “Think stocks, crypto, and other investments that offer higher potential returns but come with greater risk,” he wrote.

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