Operating for a year now, insidious malware ElectroRAT is bringing 2020 into 2021 and targeting crypto wallets.
A researcher at cybersecurity firm Intezer has identified and documented the inner workings of ElectroRAT, which has been targeting and draining victims’ funds.
According to the researcher, Avigayil Mechtinger, the malware operation includes a variety of detailed tools that dupes victims, including a “marketing campaign, custom cryptocurrency-related applications and a new Remote Access Tool (RAT) written from scratch.”
The malware is called ElectroRAT because it’s a remote access tool that was embedded in apps built on Electron, an app-building platform. Hence, ElectroRAT.
“It’s unsurprising to see novel malware being published, especially during a bull market in which the value of cryptocurrency is shooting up and making such attacks more profitable,” said Jameson Lopp, chief technology officer (CTO) at crypto custody startup Casa.
Over the past few months, bitcoin and other