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First Bitcoin Cash Ransomware Makes It Impossible to Decrypt Files

First bitcoin cash ransomware makes it impossible to decrypt files

First Bitcoin Cash Ransomware Makes It Impossible to Decrypt Files

Ransomware
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Ransomware extortionists have seemingly started using bitcoin Cash (BCH) for ransom payments as well, according to a report published by Bleeping Computer. The first ransomware strain to use the cryptocurrency, dubbed Thanatos, makes it impossible for users to decrypt their files, even after paying.

Per Bleeping Computer, the ransomware was first discovered by cybersecurity researcher MalwareHunterTeam. After infecting a victim, Thanatos uses a new key for each file it encrypts, but doesn’t store the keys anywhere. As a result, it’s impossible for the ransomware’s developer to decrypt a victim’s files.

Those affected by Thanatos are advised not to pay the ransom. According to researchers, the only way to get rid of it is by brute forcing the encryption key for each file, meaning victims should contact cybersecurity firms for help.

Thanatos is notably the first ransomware strain to accept bitcoin Cash for payments, along with bitcoin and Ethereum. After a user is infected, a readme.txt file opens up, telling them to send the equivalent of $200 to a BTC, ETH, or BCH wallet. Bleeping Computer’s report reads:

“This ransom note contains instructions to send a $200 USD ransom payment to one of the listed bitcoin, Ethereum, or bitcoin Cash addresses. The user is then instructed to contact [email protected] with their unique victim ID in order to receive a decryption program.”

At the end of the note, the extortionists try to coerce victims into paying by implying no one can help. It reads that files can only be decrypted by the ransomware’s authors, although researchers pointed out even they can’t do it.

The growing popularity of cryptocurrencies has been helping ransomware extortionists’ business. As covered by CCN, a Google report revealed that they netted $25 million in two years. The business is so popular that a Tor Proxy service was caught diverting some of their bitcoin payments.

Security researchers advise users to regularly backup their files in a secure and reliable way, to use proper security software, and to never open attachments when the sender is unknown. Furthermore, users should make sure their software is updated as older programs often contain security vulnerabilities.

Other security tips include using strong passwords, and never reusing the same password in any circumstance. As reported, even darknet Dream Market users were caught for reusing their passwords.

Featured image from Shutterstock.

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Published at Fri, 02 Mar 2018 10:32:33 +0000

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5 days left until Exscudo ICO

The ICO of Exscudo starts April 25. Users have 5 days left to pre-order EON coins and receive a 10% bonus.

[Note: This is a press release.]

The ICO will run 37 days from April 25 till May 31. The price for 1 EON coin is fixed at 0.0002 BTC. All investors will be able to trade daily on the Exscudo Exchange the same amount of money as they have invested.

The pre-order of EON coins is available in the web cabinet. Users need to create an Exscudo account in order to gain access to access the pre-order, Bounty campaign and, finally, the ICO. The signup form is available on the ICO page.

Users that have pre-ordered EON coins need to buy them out within the first 48 hours of the ICO to receive a 10% bonus. The company also offers bonus coins for investors that join the project in the first weeks. Users that invest in the first 10 days receive a 5% bonus, and those that invest in the second 10 days receive a 2.5% bonus.

All pre-orders are fixed in a special ‘book’ and closed after the payment during the first 48h of the ICO. Users who have pre-ordered coins have priority, but the orders are closed in turns according to the list. The first booked are paid in first.

In the event that not all of the coins allocated for investment are sold during the ICO, 50% of the remaining unsold coins will be distributed among the ICO participants, in shares equal to possession of the tokens at the time of the end of the ICO. The remaining 50% of unsold coins will form a non-profit Exscudo fund, its main task will be scientific development of the EON blockchain and Exscudo security systems.

The funds raised will be allocated on a public multi-signature wallet. A supervisory board formed by independent experts will approve or block the spendings after the ICO.

About Exscudo

Exscudo is the nextgen financial ecosystem that unites the traditional financial system and the cryptocurrency market. The team’s main goal is to create a single gate to cryptocurrency market for simple users, professional traders, investors and financial institutions. Exscudo’s ecosystem consists of an Stock exchange, as well as a merchant, wallets, trading terminals, cards and a protected communication channel. The first line of products launches in Q2 2017.

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