New CoinKrypt Android Malware - Mining Without Limits, Overheating, Shorter Device Life

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Trend Micro, TrendLabs: Mobile Malware Mines Dogecoins and Litecoins for Bitcoin Payout

Recently, other researchers reported that a new Android malware family (detected asANDROIDOS_KAGECOIN.HBT) had cryptocurrency mining capabilities. Based on our analysis, we have found that this malware is involved in the mining for various digital currencies, including Bitcoin, Litecoin, and Dogecoin. This has real consequences for users: shorter battery life, increased wear and tear, all of which could lead to a shorter device lifespan.

The researchers originally found ANDROIDOS_KAGECOIN as repacked copies of popular apps such as Football Manager Handheld and TuneIn Radio. The apps were injected with the CPU mining code from a legitimate Android cryptocurrency mining app; this code is based on the well-known cpuminer software.

To hide the malicious code, the cybercriminal modified the Google Mobile Ads portion of the app..​

Read more - http://blog.trendmicro.com/trendlab...s-dogecoins-and-litecoins-for-bitcoin-payout/

Lookout Blog: CoinKrypt: How criminals use your phone to mine digital currency

As malware goes, CoinKrypt is about as basic as they come. Comprised of just three small program sections or classes embedded in the target app, all it really does is kick off the mining process. However this lack of complexity is part of what makes it dangerous. Normal mining software is set up to throttle the rate at which coins are mined to protect the hardware it is running on. This includes no such protection and will drive the hardware to mine until it runs out of battery. Overheating associated with this kind of harsh use can also damage hardware.

We’ve seen it targeting Litecoin, Dogecoin, and Casinocoin, yet ignoring the much more popular Bitcoin. This leads us to believe this criminal is experimenting with malware that can take advantage of lower-hanging digital currency fruit that might yield more coins with less work.​

Read more - https://blog.lookout.com/blog/2014/03/26/coinkrypt/
 

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