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A Cryptomining botnet abuses Bitcoin blockchain transactions as C2 backup mechanism

Security Affairs

Crooks are exploiting BTC blockchain transactions to hide backup command-and-control (C2) server addresses for a cryptomining botnet. “A recent piece of malware from a known crypto mining botnet campaign has started leveraging Bitcoin blockchain transactions in order to hide its backup C2 IP address. . Pierluigi Paganini.

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The State of Blockchain Applications in Cybersecurity

eSecurity Planet

Whether perceived or real, a lack of understanding about blockchain technology has slowed the adoption of advanced distributed database technology in the past decade. This functionality makes forging a record in a blockchain ledger extremely difficult at best. However, federal officials didn’t reverse the blockchain transaction.

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De-anonymizing Bitcoin

Schneier on Security

They could follow bitcoins on the blockchain as they moved from address to address until they reached one that could be tied to a known identity. In some cases, an investigator could learn someone’s Bitcoin addresses by transacting with them, the way an undercover narcotics agent might conduct a buy-and-bust.