New Crypto Stealing Malware Infected More Than 80k Users: Microsoft

A new crypto stealing malware is in the latest Bitcoin scam news, showing that it managed to infect close to 80,000 computers. According to the Microsoft Defender ATP research team, the malware called Dexphot had already infected more than 80,000 devices since October 2018.

With this, the malware managed to reach its peak again – after the peak month of June this year. How it works is through a malicious code which reportedly hijacks legitimate system processes in order to disguise its nefarious activity.

The ultimate goal of the new crypto stealing malware is to run a cryptocurrency miner on the infected device and use it to mine crypto. When the infected users attempt to remove the malware, the monitoring services and scheduled tasks trigger a re-infection.

“Dexphot is not the type of attack that generates mainstream media attention; it’s one of the countless malware campaigns that are active at any given time. Its goal is a very common one in cybercriminal circles — to install a coin miner that silently steals computer resources and generates revenue for the attackers,” a section from the report by Microsoft Defender ATP reads.

The Dexphot malware is very similar to the recently discovered malicious code in WAV audio files. This type of malware campaign basically allows hackers to deploy CPU miners onto the victim’s device and use it to steal processing resources and generate thousands of dollars a month from mining cryptocurrency.

The new crypto stealing malware is also part of a trend for hackers who see it as an easy option to gain access to devices. The malware payloads are increasingly popular among hackers because of their benefit to operate without the actual user’s knowledge. If you have been following the cryptonews, you probably know that this attack is commonly known as cryptojacking.
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Aside from the new case identified by Microsoft, there have been a bunch of similar cases so far.
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In October this year, the major antivirus software supplier ESET discovered a trojanized Tor Browser which was designed to steal Bitcoin (BTC) from buyers on the darknet. The fake Tor browser was targeting users in Russia where since 2017, it has been stealing crypto from darknet shoppers by swapping their addresses.