Cybersecurity Firm Doctor Web Reports 10,000 Dogecoin Holders Targeted In 2018

According to a Russian cybersecurity company, a cybercriminal is constantly targeting Dogecoin users. In a report released on October 18, 2018, the cybersecurity organization named Doctor Web (or Dr. Web) revealed its investigation on the activity of a cryptocurrency cybercriminal. The attacker is reportedly using a varied range of malware and multiple techniques for gaining illegal income.

The online scammer referred to as Investimer, Hyipblock or Mmpower utilizes a varied range of commercial Trojans that are presently widespread in the underground market. The names of some Trojans that have popped up are Kpot, ACRUX, Eredel, Predator The Thief, Pony, AZORult, Arkei, N0F1L3, and Kratos. The researchers have also discovered that the cyber scammer has been utilizing the DarkVNC and HNVC (which are spy-agent backdoors) to gain access to the victims’ personal computers.

The activities of cybercriminal for gaining huge profits by means of phishing attacks have highly augmented in 2018. Investimer is mainly focused on digital currency fraud, mainly Dogecoin. The scammer has made several phishing websites that replicate the actual online resources. One of those is a phony digital currency exchange, which allegedly asks the users to customize special client software programs. But these customized programs are actually Spy-Agent Trojan that many users have unfortunately downloaded in their system, as mentioned in the report released by Dr. Web in its official website. The number of Investimer’s victims has exceeded 10,000.

The creativity of the perpetrator does not end there. The report claims that he is practicing online fraud through online lotteries where the price is in Dogecoins. The programming for lotteries is made in such a way that not a single participant can win. Only the owner or creator can make profit out of it. Over 5,800 users have reportedly registered to Investimer’s lotteries.

On the other hand, as elaborated by Crypto Globe, the perpetrator has further made a fake Dogecoin mining pool, which attracts the viewers by claiming the rent availability at competitive prices. Lots of different luring schemes and activities Investimer has created this time. Dr. Web’s 2018 report also warns the users to not get influenced by the fake reviews about the service as those are created by the scammer.

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