China News Daily Official TheBitTimes.com

Europol has announced that it has uncovered a €69 million ($75 million) ‘ malware dropping’ plot as part of a worldwide criminal crackdown dubbed ‘Operation Endgame.’ Carried out between May 27 and 29, Endgame, which was led by France, Germany and the Netherlands, targeted droppers such as IcedID, SystemBC, Pikabot, Smokeloader, Bumblebee and Trickbot. It eventually saw four individuals arrested, took down over 100 servers across the globe, and seized over 2,000 domains. The unnamed individual alleged to have been behind the scheme that raked in $75 million in Crypto currency, reportedly made their fortune renting out criminal infrastructure and deploying malicious software. As outlined by Europol, “Malware droppers are a type of malicious software designed to install other malware onto a target system. They are used during the first stage of a malware attack, during which they allow criminals to bypass security measures and deploy additional harmful programs, s...

According to cybersecurity analysts at 0xScope and CertiK, threat actors may prefer using BNB Smart Chain contracts because it’s cheaper and seen as having lower security than Ethereum. Despite the name “EtherHiding,” the new attack vector that hides malicious code in blockchain smart contracts doesn’t have much to do with Ethereum at all, cybersecurity analysts have revealed. As reported by Cointelegraph on Oct. 16, EtherHiding has been discovered as a new way for bad actors to hide malicious payloads inside smart contracts — with the ultimate goal of distributing malware to unsuspecting victims. These cybercriminals tend to prefer using Binance’s BNB Smart Chain, it is understood. Speaking to Cointelegraph, a security researcher from blockchain security firm CertiK, Joe Green, said most of this is due to BNB Smart Chain’s lower costs. “The handling fee of BSC is much cheaper than that of ETH, but the network stability and speed are the same because each update of JavaScript Payload...