February 18, 2026

Capitalizations Index – B ∞/21M

Malware Targets Israeli Fintech Firms Working in Crypto, Forex Trading

Malware targets israeli fintech firms working in crypto, forex trading

Malware Targets Israeli Fintech Firms Working in Crypto, Forex Trading

Malware targets israeli fintech firms working in crypto, forex trading

Israeli fintech companies that work with forex and crypto trading are being targeted by malware, according to a blog post from threat research department Unit 42 of cybersecurity company Palo Alto Networks published on March 19.

Per the report, Unit 42 first encountered an older version of the malware in question, Cardinal RAT, in 2017. Since April 2017, Cardinal RAT has been identified when examining attacks against two Israel-based fintech companies engaged in developing forex and crypto trading software. The software is a Remote Access Trojan (RAT), which allows the attacker to remotely take control of the system.

The updates applied to the malware aim to evade detection and hinder its analysis. After explaining the obfuscation techniques employed by the malware, the researchers explain that the payload itself does not vary significantly compared to the original in terms of modus operandi or capabilities.

The software collects victim data, updates its settings, acts as a reverse proxy, executes commands, and uninstalls itself. It then recovers passwords, downloads and executes files, logs keypresses, captures screenshots, updates itself and cleans cookies from browsers. Unit 42 notes that it witnessed attacks employing this malware targeting fintech firms that engaged in forex and crypto trading, primarily based in Israel.

The report further claims that the threat research team discovered a possible correlation between Cardinal RAT and a JavaScript-based malware dubbed EVILNUM, which is used in attacks against similar organizations. When looking at files submitted by the same customer in a similar timeframe to the Cardinal RAT samples, Unit 42 reportedly also identified EVILNUM instances.

The post further notes that also this malware seems to only be used in attacks against fintech organizations. When researching the data, the company claims to have found another case where an organization submitted both EVILNUM and Cardinal RAT on the same day, which is particularly noteworthy since both those malware families are rare.

EVILNUM is reportedly capable of setting up to become persistent on the system, running arbitrary commands, downloading additional files and taking screenshots.

As Cointelegraph recently reported, a Google Chrome browser extension tricking users into participating in a fake airdrop from cryptocurrency exchange Huobi claimed over 200 victims.

Also, a report noted last week that cybercriminals are reportedly favoring unhurried approaches in attacks made for financial gains, with cryptojacking as a prime example of this shift.

Published at Wed, 20 Mar 2019 04:15:04 +0000

Previous Article

Crypto Winter Strikes Again, Leaves Gaping Hole In Bithumb’s Side

Next Article

Craig Wright Rage Quits Twitter

You might be interested in …

Private Capital Market Ecosystems Meet the Blockchain

Private Capital Market Ecosystems Meet the Blockchain

In a move signaling blockchain technology’s continued advancement in the financial world, Hong Kong–based PrivateMarket.io and NY-based Symbiont announced an agreement to build an alternative investment marketplace for closed-end funds utilizing Symbiont’s SmartSecuritiesTM software. The parties anticipate that the marketplace will go live in late 2017.

PrivateMarket’s strategic intent is to ensure that a new generation of wealth managers are able to access, analyze and seamlessly execute primary and secondary market transactions online. Through technology, they deliver concrete solutions that foster a more transparent and efficient private capital market ecosystem.

In a statement, Loïc Engelhard, founder and CEO of PrivateMarket.io, said he welcomed the partnership, noting that the security and privacy elements being delivered by Symbiont are of paramount importance for his company’s success. In particular, he touted the ease of integration and fit of Symbiont with their own internal processes at PrivateMarket.  

Symbiont is largely known for a smart-contracts platform that tethers to institutional applications of distributed ledger technology. Its growing number of disclosed users include 19 financial institutions for Smart Loans™, arranged by Credit Suisse and executed via Synaps; its syndicated-loans joint venture with Ipreo; the State of Delaware for Smart Records™; a major European insurance company for Smart Swaps™ in the catastrophe insurance market; and Orebits, a provider of asset digitization services. The company’s technology has also been used in markets for syndicated loans and digitized gold claims.

Symbiont was started in early 2015 by Mark Smith, Adam Krellenstein, Evan Wagner and Robby Dermody — all of whom have extensive track records in the bitcoin/blockchain space as well as in fintech. Prior to Symbiont, the trio of Krellenstein, Wagner and Dermody founded Counterparty, the “bitcoin 2.0” open-source project targeting digital representation of non-bitcoin assets on the bitcoin blockchain.

In August of 2016, Caitlin Long, a Wall Street veteran of over 22 years, joined Symbiont as chairman of the board and president, assuming responsibility for Symbiont’s commercialization, business strategy and client relationship efforts.

In an interview with bitcoin Magazine, Long discussed how Symbiont’s new partnership with PrivateMarket is designed to provide an enhanced and efficient approach to private capital markets, with private equity and real assets as a main focus.

“The implementation of our blockchain and Smart Contracts solution will increase efficiency, transparency and the speed of the transactions in the antiquated over-the-counter market. It will also improve greatly the security of the private equity market by simplifying complex and highly manual bilateral contracts.”

She also noted that unlike the current state in private equity, where unlisted (investment) vehicles exist, Symbiont’s solution will greatly improve the liquidity of asset classes through the implementation of its SmartSecurities solution.

“We see blockchain technology having a significant positive impact on the investment world, and it starts with the fact that the foundational document for any investment — the registration of a company — will likely soon be possible to do on a blockchain in Delaware.”

Long says that when securities are issued natively on a blockchain, not only can they be administered via smart contracts, but issuers and investors will be able to communicate directly. In addition, she says, payment of dividends can be handled directly, proxy voting will be clear and accurate, share repurchases and tender/exchange offers for bonds will be easy to execute, and the roster of security owners will always be accurate and up to date.  

Long says that amid these advancements, there are also significant opportunities for improvement of business processes in the fund administration business — whether it be mutual funds or private asset funds.  

“At the end of the day, all of these benefits will accrue to end investors, who we’ve always said should be the biggest beneficiaries of blockchain technology in the financial sector.”

The post Private Capital Market Ecosystems Meet the Blockchain appeared first on Bitcoin Magazine.