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Pony’s C&C servers hidden inside the Bitcoin blockchain

By Omri Herscovici

Excerpt

Research by: Kobi Eisenkraft, Arie Olshtein

Introduction

Redaman is a form of banking malware distributed by phishing campaigns that target mostly Russia language speakers. First seen in 2015 and reported as the RTM banking Trojan, new versions of Redaman appeared in 2017 and 2018. In September 2019, Check Point researchers identified a new version that hides Pony C&C server IP addresses inside the Bitcoin blockchain.

In the past we have seen others techniques that used Bitcoin blockchain to hide their C&C server IP address, but in this blog we will share an analysis of the new technique.

The malware connects to Bitcoin blockchain and chaining tra…

The opening of the report, shown for reference. The full report, with its figures and indicators, is published by Check Point on research.checkpoint.com.

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