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Cryptocurrency-hijacking malware ‘Clipper’ discovered on Google’s Play Store

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Cryptocurrency-hijacking malware 'Clipper' discovered on Google’s Play Store
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Google Play has once again caused security concerns in the cryptocurrency community, with the discovery of a Malware named “Clipper,” making the rounds on the application store.

“Clipper” was first seen in an impersonation of MetaMask, a full-browser extension that allows a web-browser to run Ethereum applications without the full node. The malware keeps a track of the copy-paste clipboard in the affected system and corresponds those values to the alpha-numeric code of the user’s cryptocurrency address. Since the address is quite complicated, several users use the copy-paste shortcut to enter the code, the same is the target of the malware.

After the address is identified whilst on the device’s clipboard, the hacker will replace the original address with his own, if this swap is not detected, the cryptocurrency in the said transaction will flow to the hacker’s account.

Clipper was the first known malware application of this sort to breach Google’s robust verification procedure; the application was eventually picked up by Eset, a cybersecurity company.

Since cryptocurrencies are dependent on technology and large-scale investment, they have been the easiest target for malicious actors who curate a phony-technology that can circumvent a user’s computer and security system in place, and steal their cryptocurrencies right off their device.

Moreover, instead of stealing the actual cryptocurrency, malicious software has been created to steal the computational power off a device, which will allow third-party users to use the device to mine cryptocurrencies, a process called, “crypto-jacking”.

Popular websites like the file-sharing giant, The Pirate Bay, used the web browser miner called CoinHive to ‘crypto-jack’ their customers’ home devices. Some users felt cheated about the mining scam, others were compliant if they received a service and were informed about the same by The Pirate Bay, right at the outset.

A recent report by the Moscow-based computer security software maker, Kaspersky Labs, stated that the crypto-jacking incidents have increased by 400 percent just in the whole of 2018. The study noted that the total number of reported cases have shot up to 13 million, in 2018, an increase of 400 percent against the 3.5 million cases recorded in 2017.



The Bitcoin mining device manufacturer, Bitmain was also accused of creating devices that would mine cryptocurrencies on behalf of the company and not the intended user. A miner based out of California even filed a class-action lawsuit against the manufacture accusing the company of using their ASIC devices of defrauding customers. The lawsuit was filed by a Gor Gevorkyan, an owner of an Antminer 9, who stated that the default setting on the device contributes to Bitmain’s own account on its Antpool server.

Another report from the security firm Symantec stated that based on data of December 2017, 24 percent of all web attacks emanate from Coinminers and over the last three months of 2017 alone, the figure was 16 percent. The report added:

“There were twice as many detections of coinminers on consumer machines than enterprise in December, when browser-based coinminers surged, indicating that coinminers are affecting consumers more than enterprise users.”





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Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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