“Raccoon Stealer” Malware Is Capable of Pilfering Your Cryptocurrency Wallets

raccoon standing behind chain link fence

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

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.

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.