StealthBit; The Real Thief Of Bitcoins

Posted: Feb 11 2014, 12:17pm CST | by , Updated: Feb 11 2014, 12:20pm CST, in News | Technology News

StealthBit; the real thief of bitcoins
Photo Credits: redmondpie
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the real truth behind the Bitcoin stealth address app

The truth about StealthBit might come as a surprise to many who have trusted the so called legitimate Bitcoin stealth address app. Though the app had been advertised through Reddit and was posted to GitHub, it has been discovered that it just may be the reason why your bitcoins are getting stolen. The StealthBit is actually a malicious piece of OS X software which comes with the ability to intelligently steal the bitcoins. It does so through the covert extension which it installs on your computer and then it gets to know all the browser activity from there.

This has raged millions of account users which had nothing left on their accounts after they had downloaded this app which very cleverly runs under the guise which can send/receive payments in bitcoins. This might not entirely be the case since the only sending is being done by the OSX/CoinThief.A unfortunately.

The way it works is definitely not rocket science. Once you download the app, the Trojan very discretely installs the extensions onto the browsers without the user finding out anything about it. This gives it all the needed information about the bitcoin sites the user has been on and the rest is fairly simple. You will forever remain a target of this app since there are chances that usernames and UUIDs can be sent back to the servers of StealthBit meaning that even after you have lost all bitcoins, you will be a target in the future as well and should be prepared for a future loss.

source: securemac

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The Author

<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.




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