Main navigation

"Raccoon Stealer" Malware Is Capable of Pilfering Your Cryptocurrency Wallets

News
Tue, 08/03/2021 - 15:56
article image
Alex Dovbnya
Cryptocurrency holders might want to think twice before searching for cracked software
"Raccoon Stealer" Malware Is Capable of Pilfering Your Cryptocurrency Wallets
Cover image via stock.adobe.com
Read U.TODAY on
Google News

An Aug. 3 report published by British cybersecurity firm Sophos states that data-stealing malware called "Racoon Stealer" is capable of emptying cryptocurrency wallets.

It can infect computers via spam emails, a malicious website or pirated software that gets downloaded with the help of torrent clients.

Those who search for cracked versions of legitimate software packages have a high chance of ending up on a website that manipulates users into downloading malware droppers.

Sophos
Image by sophos.com

The so-called "clippers" pose the greatest danger to cryptocurrency holders given that they replace the intended recipient address with their own by modifying the content of someone's clipboard. Thus, unsuspecting victims will send their coins right into the hands of bad actors if they do not double-check the wallet they copied.

Related
Here's What Happened to Australian Who Was Mining Monero on Government's Supercomputers
Apart from stealing crypto, Racoon Stealer also deploys payloads to run cryptojacking scripts that stealthily mine Monero, the most popular privacy coin, on the victim's computer.

The bad actor behind the tool has so far stolen $13,200 and mined $2,900 worth of crypto, the report finds.

article image
About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.