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Cardinal RAT malware strikes two cryptocurrency firms in Israel

Priya

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Cardinal RAT malware strikes two cryptocurrency firms in Israel
Source: Unsplash

One of the main concerns of the cryptocurrency space has always been hacking and malware. Recently, a research division of Palo Alto networks, Unit 42, detected a malicious malware targeting two Israeli fintech and cryptocurrency trading software companies. The malware in question was Cardinal RAT malware aka Remote Access Trojan, which was initially discovered in 2017.

The report by Unit 42 read,

“This malware family had remained undetected for over two years and was delivered via a unique downloader named Carp Downloader.”

It reported that the research division continued to keep tabs on the malware since it was first discovered. This was the main reason why they were able to discover “a series of attacks using an updated version of Cardinal RAT.” The report further stated that that there were a “series of modifications” in the RAT, which could have been made in order to “evade detection,” and also hinder the analysis.

The report added,

“We witnessed attacks targeting the financial technology [FinTech] sector, primarily focused on organizations based in Israel. While researching these attacks, we discovered a possible relationship between Cardinal RAT and another malware family named EVILNUM […] a JavaScript-based malware”

With this malware, the attacker can gain access to the victim’s personal information, capture screenshots, clean cookies from browser, uninstall itself from the victims device, execute command, recover passwords, download and execute new files, and update settings.



Even though the details pertaining to the two companies that build software for the Forex and cryptocurrency trading firms have not been disclosed, the implications of this malware attack could be disastrous. This entirely depends on the platform’s main operations, such as whether they had information of customers stored in their devices.

In a statement to thenextweb, Unit 42 stated “that the malicious files find their way onto machines through lure documents attached to spam messages that were sent to individuals thought to operate as Forex and cryptocurrency traders.”





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Priya is a full-time member of the reporting team at AMBCrypto. She is a finance major with one year of writing experience. She has not held any value in Bitcoin or other currencies.

Bitcoin

Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra

Febin Jose

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Bitcoin’s [BTC] biggest threat is its users, not governments, says Bitcoin.org’s Cobra
Source: Pixabay

Bitcoin [BTC], the world’s largest cryptocurrency, saw a significant surge earlier this month, helping the coin break strong resistance at $5,000 and $5,200. Following the great fall of the king coin in early 2018, the Bitcoin ecosystem was struggling with scalability and technological issues, eventually leading to the hard fork.

Bitcoin.org’s Cobra, who is also the co-owner of Bitcointalk.org, has always maintained that Bitcoin was the cryptocurrency to look out for through his various Twitter bouts with prominent personalities in the cryptoverse. Due to his strong, unbridled support for Bitcoin, he has often trashed altcoins for their low market dominance.

In a new Twitter thread, Cobra spoke about the “biggest threat” to the Bitcoin ecosystem. Even though many crypto-enthusiasts believe that governments and technological issues were the biggest threats to the king coin, Cobra had a completely different opinion.

According to the Bitcoin maximalist, users have the potential to signal Bitcoin’s doom. His tweet read,

Source: Twitter

Source: Twitter

Though most Bitcoin supporters usually support his opinions, this tweet was met with a lot of resistance. Twitterati swarmed the thread in an attempt to prove him wrong. A user named @MrHodl alleged that this could not be true as Bitcoin had “no community.” He added that this, in turn, prevented toxicity in the ecosystem.

Cobra replied to the tweet stating,



“I think there is a community, it’s just not fully representative of everyone with a stake in Bitcoin. Most holders are quiet and not too familiar with what’s going on. There’s people with 1000+ BTC and they don’t engage at all with discussion platforms, just lurk.”

Some Twitter users took it as an attack on Bitcoin investors and opposed Cobra’s stance. A user @CarstenBKK commented,

“Maybe I am lost in translation. What do you wanna tell us? That you are part of Bitcoin network of people owning/using it, but you are just disgusted by the idea, that the network is called community in the sense of direct human collaboration and affection to the groups ideals?”

Previously, Cobra had accused Twitter’s Jack Dorsey and Square Crypto of pandering to Bitcoin users, while also suggesting that the crypto project was merely a way to bring in more users for Dorsey’s CashApp. His tweet read,

“Gotta respect how hard @sqcrypto is pandering to Bitcoiners. Very clever how @Jack has embedded himself in the community; in return the community promotes @CashApp, which gives that service a small but dedicated and activist group of early users.”





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