Security Market Segment LS
Tuesday, 30 April 2019 09:10

Electrum Bitcoin Wallet users being drafted into botnet

By
Electrum Bitcoin Wallet users being drafted into botnet Pixabay

Users of the Electrum Bitcoin Wallet are being drafted into a botnet used for distributed denial of service attacks, the security firm Malwarebytes says, adding that this came after users were initially prompted to download a bogus update that stole their digital currencies.

Researchers Jérôme Segura, Adam Thomas and S!Ri said in a blog post the amount of cryptocurrency stolen was about US$4.6 million in value.

The botnet was flooding the Electrum infrastructure and the number of machines had grown to 152,000 at its peak. Only Windows machines had been observed to be part of the botnet, Segura told iTWire.

small botnet

New Trojan.BeamWinHTTP connected to ElectrumDoSMiner.

The researchers said they had been able to tie two distribution campaigns — RIG exploit kit and Smoke Loader — that were adding to the botnet by dropping malware which they had detected as ElectrumDoSMiner.

"Now, we have just identified a previously undocumented loader we call Trojan.BeamWinHTTP that is also involved in downloading ElectrumDoSMiner (transactionservices.exe)," they said.

Segura, Thomas and S!Ri posted graphs from VirusTotal showing the hundreds of malicious binaries that were retrieving the ElectrumDosMiner.

big botnet

The main infrastructure hosting ElectrumDoSMiner binaries and configuration files.

An analysis of the IP addresses that were infected showed that most were from the Asia-Pacific region. The Americas, most bots were in Brazil.

In an earlier post about the same issue, the researchers said that threat actors had tricked users into downloading a malicious version of the wallet.

Presumably, this was version 3.3.3 which was vulnerable to a phishing attack. The Electrum developers have released 3.3.4 to fix this issue.

Asked whether Electrum was aware of the issues, Segura told iTWire: "Electrum is aware of those issues as you can see through their tweets about these incidents."

He said the malicious updates had been effected by using a vulnerability with the Electrum software. "The Botnet attacking the Electrum infrastructure could be in response to Electrum fixing the vulnerabilities and taking down the phishing sites," he added.

Asked why the Electrum issues were not being reported to German authorities, Segura said users had definitely been reporting the DDoS and thefts.

As Electrum has versions for Windows, OSX and Linux, iTWire asked whether all the binaries were vulnerable to being drafted into the botnet. "We've only identified Windows machines in the botnet (while the malicious Electrum wallets do, as you say, affect all operating systems)," Segura replied.

Graphics: courtesy Malwarebytes

DIGITAL MARKETING HAS NO SOCIAL DISTANCING OR TRAVEL RESTRICTIONS

As part of our Lead Machine Methodology we will help you get more leads, more customers and more business. Let us help you develop your digital marketing campaign

Digital Marketing is ideal in these tough times and it can replace face to face marketing with person to person marketing via the phone conference calls and webinars

Significant opportunity pipelines can be developed and continually topped up with the help of Digital Marketing so that deals can be made and deals can be closed

- Newsletter adverts in dynamic GIF slideshow formats

- News site adverts from small to large sizes also as dynamic GIF slideshow formats

- Guest Editorial - get your message out there and put your CEO in the spotlight

- Promotional News and Content - displayed on the homepage and all pages

- Leverage our proven event promotion methodology - The Lead Machine gets you leads

Contact Andrew our digital campaign designer on 0412 390 000 or via email andrew.matler@itwire.com

CONTACT US!

LAYER 1 ENCRIPTION A KEY TO CYBER-SECURITY SOLUTION

Security requirements such as confidentiality, integrity and authentication have become mandatory in most industries.

Data encryption methods previously used only by military and intelligence services have become common practice in all data transfer networks across all platforms, in all industries where information is sensitive and vital (financial and government institutions, critical infrastructure, data centres, and service providers).

Get the full details on Layer-1 encryption solutions straight from PacketLight’s optical networks experts.

This white paper titled, “When 1% of the Light Equals 100% of the Information” is a must read for anyone within the fiber optics, cybersecurity or related industry sectors.

To access click Download here.

DOWNLOAD!

Sam Varghese

website statistics

Sam Varghese has been writing for iTWire since 2006, a year after the site came into existence. For nearly a decade thereafter, he wrote mostly about free and open source software, based on his own use of this genre of software. Since May 2016, he has been writing across many areas of technology. He has been a journalist for nearly 40 years in India (Indian Express and Deccan Herald), the UAE (Khaleej Times) and Australia (Daily Commercial News (now defunct) and The Age). His personal blog is titled Irregular Expression.

VENDOR NEWS & EVENTS

REVIEWS

Recent Comments