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GitVenom Malware Steals $456K in Bitcoin Using Fake GitHub Projects to Hijack Wallets - Related to wallets, c2, using, fake, gitvenom

Belarus-Linked Ghostwriter Uses Macropack-Obfuscated Excel Macros to Deploy Malware

Belarus-Linked Ghostwriter Uses Macropack-Obfuscated Excel Macros to Deploy Malware

Opposition activists in Belarus as well as Ukrainian military and government organizations are the target of a new campaign that employs malware-laced Microsoft Excel documents as lures to deliver a new variant of PicassoLoader.

The threat cluster has been assessed to be an extension of a long-running campaign mounted by a Belarus-aligned threat actor dubbed Ghostwriter (aka Moonscape, TA445, UAC-0057. And UNC1151) since 2016. It's known to align with Russian security interests and promote narratives critical of NATO.

"The campaign has been in preparation since July-August 2024 and. Entered the active phase in November-December 2024," SentinelOne researcher Tom Hegel revealed in a technical findings shared with The Hacker News. "Recent malware samples and command-and-control (C2) infrastructure activity indicate that the operation remains active in recent days."

The starting point of the attack chain analyzed by the cybersecurity firm is a Google Drive shared document that originated from an account named Vladimir Nikiforech and hosted a RAR archive.

The RAT file includes a malicious Excel workbook, which. When opened, triggers the execution of an obfuscated macro when prospective victims enable macros to be run. The macro proceeds to write a DLL file that ultimately paves the way for a simplified version of PicassoLoader.

In the next phase, a decoy Excel file is displayed to the victim, while. In the background, additional payloads are downloaded onto the system. As in recent times as June 2024, this approach was used to deliver the Cobalt Strike post-exploitation framework.

SentinelOne expressed it also discovered other weaponized Excel documents bearing Ukraine-themed lures to retrieve an unknown second-stage malware from a remote URL ("sciencealert[.]shop") in the form of a seemingly harmless JPG image. A technique known as steganography. The URLs are no longer available.

In another instance, the booby-trapped Excel document is used to deliver a DLL named LibCMD, which is designed to run and. Connect to stdin/stdout. It's directly loaded into memory as a . NET assembly and executed.

"Throughout 2024, Ghostwriter has repeatedly used a combination of Excel workbooks containing Macropack-obfuscated VBA macros and dropped embedded . NET downloaders obfuscated with ConfuserEx," Hegel stated.

"While Belarus doesn't actively participate in military campaigns in the war in Ukraine, cyber threat actors associated with it appear to have no reservation about conducting cyber espionage operations against Ukrainian targets."

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Hackers Use ClickFix Trick to Deploy PowerShell-Based Havoc C2 via SharePoint Sites

Hackers Use ClickFix Trick to Deploy PowerShell-Based Havoc C2 via SharePoint Sites

"The threat actor hides each malware stage behind a SharePoint site and uses a modified version of Havoc Demon in conjunction with the Microsoft Graph API to obscure C2 communications within trusted, well-known services," Fortinet FortiGuard Labs mentioned in a technical research shared with The Hacker News.

The command is designed to download and. Execute a PowerShell script hosted on an adversary-controlled SharePoint server. The newly downloaded PowerShell checks if it's being run within a sandboxed environment before proceeding to download the Python interpreter (""), if it's not already present in the system.

The next step involves fetching and executing a Python script from the same SharePoint location that serves as a shellcode loader for KaynLdr, a reflective loader written in C and ASM that's capable of launching an embedded DLL, in this the Havoc Demon agent on the infected host.

"The threat actor uses Havoc in conjunction with the MicrosoQ Graph API to conceal C2 communication within well-known services," Fortinet stated, adding the framework supports elements to gather information, perform file operations, as well as carry out command and payload execution, token manipulation, and Kerberos attacks.

The development comes as Malwarebytes revealed that threat actors are continuing to exploit a known loophole in Google Ads policies to target PayPal end-consumers with bogus ads served via advertiser accounts that may have been compromised.

The ads seek to trick victims searching for assistance related to account issues or payment concerns into calling a fraudulent number that likely ends with them handing over their personal and financial information.

"A weakness within Google's policies for landing pages (also known as final URLs), allows anyone to impersonate popular websites so long as the landing page and display URL (the webpage shown in an ad) share the same domain," Jérôme Segura, senior director of research at Malwarebytes. noted.

"Tech support scammers are like vultures circling above the most popular Google search terms, especially when it comes to any kind of online assistance or customer service."

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GitVenom Malware Steals $456K in Bitcoin Using Fake GitHub Projects to Hijack Wallets

GitVenom Malware Steals $456K in Bitcoin Using Fake GitHub Projects to Hijack Wallets

Cybersecurity researchers are calling attention to an ongoing campaign that's targeting gamers and cryptocurrency investors under the guise of open-source projects hosted on GitHub.

The campaign, which spans hundreds of repositories, has been dubbed GitVenom by Kaspersky.

"The infected projects include an automation instrument for interacting with Instagram accounts, a Telegram bot that enables the remote management of Bitcoin wallets and a crack tool to play the Valorant game," the Russian cybersecurity vendor introduced.

"All of this alleged project functionality was fake, and. Cybercriminals behind the campaign stole personal and banking data and hijacked cryptowallet addresses from the clipboard."

The malicious activity has facilitated the theft of 5 bitcoins, approximately worth $456,600 as of writing. It's believed the campaign has been ongoing for at least two years, when some of the fake projects were published. A majority of the infection attempts have been recorded in Russia, Brazil, and Turkey.

The projects in question are written in various programming languages, including Python, JavaScript. C, C++, and C#. But regardless of the language used, the end goal is the same: Launch an embedded malicious payload that's responsible for retrieving additional components from an attacker-controlled GitHub repository and executing them.

Prominent among these modules is a information stealer that collects passwords, bank account information, saved credentials, cryptocurrency wallet data, and web browsing history; compresses them into a .7z archive, and exfiltrates it to the threat actors via Telegram.

Also downloaded via the bogus GitHub projects are remote administration tools like AsyncRAT and Quasar RAT that can be used to commandeer infected hosts and. A clipper malware that can substitute wallet addressed copied into clipboard with an adversary-owned wallet so as to reroute the digital assets to the threat actors.

"As code sharing platforms such as GitHub are used by millions of developers worldwide, threat actors will certainly continue using fake software as an infection lure in the future," Kaspersky researcher Georgy Kucherin noted.

"For that reason, it is crucial to handle processing of third-party code very carefully. Before attempting to run such code or integrate it into an existing project, it is paramount to thoroughly check what actions are performed by it."

Furthermore, the development comes as Bitdefender revealed that scammers are exploiting major e-sports tournaments like IEM Katowice 2025 and PGL Cluj-Napoca 2025 to target players of the popular video game Counter-Strike 2 (CS2) with the intent to defraud them.

"By hijacking YouTube accounts to impersonate professional players like s1mple, NiKo, and donk, cybercriminals are luring fans into fraudulent CS2 skin giveaways that result in stolen Steam accounts, cryptocurrency theft. And the loss of valuable in-game items," the Romanian cybersecurity firm stated.

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Market Impact Analysis

Market Growth Trend

2018201920202021202220232024
8.7%10.5%11.0%12.2%12.9%13.3%13.4%
8.7%10.5%11.0%12.2%12.9%13.3%13.4% 2018201920202021202220232024

Quarterly Growth Rate

Q1 2024 Q2 2024 Q3 2024 Q4 2024
12.5% 12.9% 13.2% 13.4%
12.5% Q1 12.9% Q2 13.2% Q3 13.4% Q4

Market Segments and Growth Drivers

Segment Market Share Growth Rate
Network Security26%10.8%
Cloud Security23%17.6%
Identity Management19%15.3%
Endpoint Security17%13.9%
Other Security Solutions15%12.4%
Network Security26.0%Cloud Security23.0%Identity Management19.0%Endpoint Security17.0%Other Security Solutions15.0%

Technology Maturity Curve

Different technologies within the ecosystem are at varying stages of maturity:

Innovation Trigger Peak of Inflated Expectations Trough of Disillusionment Slope of Enlightenment Plateau of Productivity AI/ML Blockchain VR/AR Cloud Mobile

Competitive Landscape Analysis

Company Market Share
Palo Alto Networks14.2%
Cisco Security12.8%
Crowdstrike9.3%
Fortinet7.6%
Microsoft Security7.1%

Future Outlook and Predictions

The Deploy Malware Belarus landscape is evolving rapidly, driven by technological advancements, changing threat vectors, and shifting business requirements. Based on current trends and expert analyses, we can anticipate several significant developments across different time horizons:

Year-by-Year Technology Evolution

Based on current trajectory and expert analyses, we can project the following development timeline:

2024Early adopters begin implementing specialized solutions with measurable results
2025Industry standards emerging to facilitate broader adoption and integration
2026Mainstream adoption begins as technical barriers are addressed
2027Integration with adjacent technologies creates new capabilities
2028Business models transform as capabilities mature
2029Technology becomes embedded in core infrastructure and processes
2030New paradigms emerge as the technology reaches full maturity

Technology Maturity Curve

Different technologies within the ecosystem are at varying stages of maturity, influencing adoption timelines and investment priorities:

Time / Development Stage Adoption / Maturity Innovation Early Adoption Growth Maturity Decline/Legacy Emerging Tech Current Focus Established Tech Mature Solutions (Interactive diagram available in full report)

Innovation Trigger

  • Generative AI for specialized domains
  • Blockchain for supply chain verification

Peak of Inflated Expectations

  • Digital twins for business processes
  • Quantum-resistant cryptography

Trough of Disillusionment

  • Consumer AR/VR applications
  • General-purpose blockchain

Slope of Enlightenment

  • AI-driven analytics
  • Edge computing

Plateau of Productivity

  • Cloud infrastructure
  • Mobile applications

Technology Evolution Timeline

1-2 Years
  • Technology adoption accelerating across industries
  • digital transformation initiatives becoming mainstream
3-5 Years
  • Significant transformation of business processes through advanced technologies
  • new digital business models emerging
5+ Years
  • Fundamental shifts in how technology integrates with business and society
  • emergence of new technology paradigms

Expert Perspectives

Leading experts in the cyber security sector provide diverse perspectives on how the landscape will evolve over the coming years:

"Technology transformation will continue to accelerate, creating both challenges and opportunities."

— Industry Expert

"Organizations must balance innovation with practical implementation to achieve meaningful results."

— Technology Analyst

"The most successful adopters will focus on business outcomes rather than technology for its own sake."

— Research Director

Areas of Expert Consensus

  • Acceleration of Innovation: The pace of technological evolution will continue to increase
  • Practical Integration: Focus will shift from proof-of-concept to operational deployment
  • Human-Technology Partnership: Most effective implementations will optimize human-machine collaboration
  • Regulatory Influence: Regulatory frameworks will increasingly shape technology development

Short-Term Outlook (1-2 Years)

In the immediate future, organizations will focus on implementing and optimizing currently available technologies to address pressing cyber security challenges:

  • Technology adoption accelerating across industries
  • digital transformation initiatives becoming mainstream

These developments will be characterized by incremental improvements to existing frameworks rather than revolutionary changes, with emphasis on practical deployment and measurable outcomes.

Mid-Term Outlook (3-5 Years)

As technologies mature and organizations adapt, more substantial transformations will emerge in how security is approached and implemented:

  • Significant transformation of business processes through advanced technologies
  • new digital business models emerging

This period will see significant changes in security architecture and operational models, with increasing automation and integration between previously siloed security functions. Organizations will shift from reactive to proactive security postures.

Long-Term Outlook (5+ Years)

Looking further ahead, more fundamental shifts will reshape how cybersecurity is conceptualized and implemented across digital ecosystems:

  • Fundamental shifts in how technology integrates with business and society
  • emergence of new technology paradigms

These long-term developments will likely require significant technical breakthroughs, new regulatory frameworks, and evolution in how organizations approach security as a fundamental business function rather than a technical discipline.

Key Risk Factors and Uncertainties

Several critical factors could significantly impact the trajectory of cyber security evolution:

Evolving threat landscape
Skills shortage
Regulatory compliance complexity

Organizations should monitor these factors closely and develop contingency strategies to mitigate potential negative impacts on technology implementation timelines.

Alternative Future Scenarios

The evolution of technology can follow different paths depending on various factors including regulatory developments, investment trends, technological breakthroughs, and market adoption. We analyze three potential scenarios:

Optimistic Scenario

Rapid adoption of advanced technologies with significant business impact

Key Drivers: Supportive regulatory environment, significant research breakthroughs, strong market incentives, and rapid user adoption.

Probability: 25-30%

Base Case Scenario

Measured implementation with incremental improvements

Key Drivers: Balanced regulatory approach, steady technological progress, and selective implementation based on clear ROI.

Probability: 50-60%

Conservative Scenario

Technical and organizational barriers limiting effective adoption

Key Drivers: Restrictive regulations, technical limitations, implementation challenges, and risk-averse organizational cultures.

Probability: 15-20%

Scenario Comparison Matrix

FactorOptimisticBase CaseConservative
Implementation TimelineAcceleratedSteadyDelayed
Market AdoptionWidespreadSelectiveLimited
Technology EvolutionRapidProgressiveIncremental
Regulatory EnvironmentSupportiveBalancedRestrictive
Business ImpactTransformativeSignificantModest

Transformational Impact

Technology becoming increasingly embedded in all aspects of business operations. This evolution will necessitate significant changes in organizational structures, talent development, and strategic planning processes.

The convergence of multiple technological trends—including artificial intelligence, quantum computing, and ubiquitous connectivity—will create both unprecedented security challenges and innovative defensive capabilities.

Implementation Challenges

Technical complexity and organizational readiness remain key challenges. Organizations will need to develop comprehensive change management strategies to successfully navigate these transitions.

Regulatory uncertainty, particularly around emerging technologies like AI in security applications, will require flexible security architectures that can adapt to evolving compliance requirements.

Key Innovations to Watch

Artificial intelligence, distributed systems, and automation technologies leading innovation. Organizations should monitor these developments closely to maintain competitive advantages and effective security postures.

Strategic investments in research partnerships, technology pilots, and talent development will position forward-thinking organizations to leverage these innovations early in their development cycle.

Technical Glossary

Key technical terms and definitions to help understand the technologies discussed in this article.

Understanding the following technical concepts is essential for grasping the full implications of the security threats and defensive measures discussed in this article. These definitions provide context for both technical and non-technical readers.

Filter by difficulty:

phishing beginner

algorithm Modern phishing attacks are increasingly sophisticated, often leveraging AI to create convincing spear-phishing campaigns that target specific individuals with personalized content that appears legitimate.
Phishing attack flowAnatomy of a typical phishing attack
Example: Business Email Compromise (BEC) attacks are sophisticated phishing campaigns where attackers impersonate executives to trick employees into transferring funds or sensitive information.

platform intermediate

interface Platforms provide standardized environments that reduce development complexity and enable ecosystem growth through shared functionality and integration capabilities.

zero-day intermediate

platform These vulnerabilities are particularly dangerous because defenders have no time to develop and deploy patches before exploitation occurs. They are highly valued in both offensive security markets and criminal underground.
Zero-day vulnerability timelineTimeline showing vulnerability discovery to patch development
Example: The SUNBURST attack exploited a zero-day vulnerability in SolarWinds Orion software, remaining undetected for months while compromising numerous government agencies and private organizations.

malware beginner

encryption Malware can take many forms including viruses, worms, trojans, ransomware, spyware, adware, and rootkits. Modern malware often employs sophisticated evasion techniques to avoid detection by security solutions.
Types of malwareCommon malware types and their characteristics
Example: The Emotet trojan began as banking malware but evolved into a delivery mechanism for other malware types, demonstrating how sophisticated malware can adapt and change functionality over time.

ransomware beginner

API Ransomware typically encrypts victim data using strong cryptographic algorithms, making recovery impossible without the decryption key. Advanced variants now also exfiltrate data before encryption, enabling double-extortion tactics.
Example: The REvil ransomware group leveraged a supply chain attack against Kaseya VSA to deploy ransomware to thousands of organizations simultaneously, demanding a $70 million ransom payment.

API beginner

cloud computing APIs serve as the connective tissue in modern software architectures, enabling different applications and services to communicate and share data according to defined protocols and data formats.
API concept visualizationHow APIs enable communication between different software systems
Example: Cloud service providers like AWS, Google Cloud, and Azure offer extensive APIs that allow organizations to programmatically provision and manage infrastructure and services.

EDR intermediate

middleware Unlike traditional antivirus, EDR solutions monitor and record system activities and events across endpoints, applying behavioral analysis and threat intelligence to detect sophisticated attacks.

SOC intermediate

scalability