Bitcoins are Prone to Malware according to Cryptoshuffler

Bitcoin attacks

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Many people are trying to hack the Bitcoin software since its price is going up very fast. Malware and Trojans are giving Bitcoin control team sleepless nights. Cryptoshuffler is the latest Trojan to attack Bitcoins and so far it has stolen $150,000.

Simple Modulus Operandi

The Modulus Operandi of Cryproshuffler strikes when a user copies a Bitcoin address to the clipboard. This is during the time when a user wants to paste the destination address so that he/she can send the Bitcoins. Cryptoshuffler operates by replacing the address of the destination with the address of the Trojan owner. If the sender does not notice that the address has changed, then he/she transfers the Bitcoins to the creator of the malware. Since bitcoins have an irrecoverable nature, the user cannot recover his Bitcoins back after confirmation of the transaction.

Huge profits

This Trojan does not only target Bitcoin users but users of all cryptocurrencies like Ethereum, Monero, Dash, Zcash among others. So far, Bitcoin address associated to Cryptoshuffler has so far receiver around 23 Bitcoins. The Bitcoins affected by Cryptoshuffler has a value estimated to be $150,000, this according to report released in October 2017. Since 2016 when first Cryptoshuffler attacked Bitcoins, it has been existing disturbing Bitcoin users and has affected many transactions in the past months.

According to a report given by Sergey Yunakovsky which is a malware Lab claimed by Kaspersky: “Digital money isn’t safe any longer.  Just like some other cryptographic money, there have been many occurrences where malware has been recognized focusing on digital currencies.These attacks have hugely increased in 2017.”
Cryptoshuffler has succeeded using the old strategies, and it now resides in the background of many computers.  As a good example of rational gain, the Cryptoshuffer does not affect the network does not access the pools and does not create any suspicion in the processor.

No other way to security basics

The success by Cryptoshuffler in attacking Bitcoins proves that there are no shortcuts in computer security. It’s important to follow computer security basics like not installing software from untrusted sources. Even if you are using a digitally signed software, it’s important to ensure it’s the right signature before the installation.
It’s also important to keep antivirus updated and also ensuring that they have a firewall in place. It’s important not to store all your coins in one wallet. Instead, put some in a cold wallet or a wallet that would require a factor authentication. Before sending Bitcoins to stay alert to ensure that you are sending to the right address. Always confirm the address before completing the transaction. Never ignore any precautionary measure given to you since they can safeguard you Cryptocurrencies.

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