Feb 19, 2023

Malicious Crypto Attackers Target Investors, Steal Cryptocurrencies

Cryptocurrency investors are being targeted by two new malicious computer programs, revealed the threat intelligence research team, Cisco Talos. The malicious software, MortalKombat ransomware and Laplas Clipper malware, have been actively scouting the internet since December 2022 and stealing cryptocurrencies from unsuspecting users.

The campaign’s victims are predominantly located in the United States, with a smaller percentage of victims in the United Kingdom, Turkey, and the Philippines. The malicious software works by detecting wallet addresses copied onto the clipboard and replacing them with a different address. This attack relies on the user’s inattentiveness to the sender’s wallet address, which would send the cryptocurrencies to the unidentified attacker.

Once infected, the MortalKombat ransomware encrypts the user’s files and drops a ransom note with payment instructions. The malicious files are downloaded from an attacker-controlled server based in Poland. The attack begins with a cryptocurrency-themed email containing a malicious attachment. The attachment runs a BAT file that helps download and execute the ransomware when opened.

Cryptocurrency investors can proactively prevent this attack from impacting their financial well-being by performing extensive due diligence before investing and ensuring the official source of communications. Additionally, investors should take measures to keep their crypto assets safe, such as following the advice in this Cointelegraph Magazine article.

The figures from Chainalysis reveal that ransomware revenues for attackers have plummeted 40% to $456.8 million in 2022. However, this does not necessarily mean the number of attacks is down from the previous year.

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Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.