- Researchers at Intezar have detected a malware (Doki) that relies on Dogecoin to attack cloud servers.
- The malware uses the blockchain to generate C2 domain addresses and breach cloud servers.
- There has been no adverse effect on DOGE/USD’s price.
A new study by Intezar has revealed that hackers are relying on the Dogecoin (DOGE) blockchain to expand a malware dubbed “Doki.” The researchers at Intezar noted that Doki is an undetected backdoor that exploits the Dogecoin blockchain “in a unique way” to generate C2 domain addresses and breach cloud servers. It is deployed through a botnet called Ngrok.
The malware then uses these domain addresses to search for additional vulnerable cloud servers within the victim’s network. An excerpt from the research paper reads:
The attacker controls which address the malware will contact by transferring a specific amount of Dogecoin from his or her wallet. Since only the attacker has control over the wallet, only he can control when and how much Dogecoin to transfer and switch the domain accordingly.
According to Intezar, using Dogecoin to deploy malware that’s not related to cryptocurrencies may be “quite resilient” to security protocols and law enforcement. This is why Doki has managed to go unnoticed for more than six months despite having been uploaded to the VirusTotal database back in January.
DOGE/USD daily chart
DOGE/USD is on course of having three straight bullish and has encountered resistance at the SMA 20 curve. Currently, it’s priced at $0.003215. The Elliott Oscillator has had ten consecutive red sessions. The price shows three strong resistance levels at $0.003225 (SMA 20), $0.003312 and $0.003477. On the downside, we have three healthy support levels at $0.003163, $0.003024 and $0.002914 (SMA 50).
Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Recommended Content
Editors’ Picks
Bitcoin, crypto market remain in uptrend following 25 bps Fed rate cut
Fed Chair Jerome Powell stated that the FOMC lowered the Fed funds rate by 25 basis points. The rate cut comes after Bitcoin reached a new all-time high price upon Donald Trump's election victory. Ethereum and Solana also retained gains of 7% and 4%, respectively, following the rate cut.
XRP sees bullish momentum following $123 million increase in open interest
XRP exchange reserves in Binance and Upbit have declined by nearly $13 million. In the past three days, investors opened over $123 million worth of XRP positions. XRP needs to overcome key descending trendline resistance to stage a rally to $0.6640.
Coinbase launches wrapped Bitcoin token on Solana network
Crypto exchange Coinbase announced on Thursday that it has launched its synthetic Bitcoin token, cbBTC token, on the Solana network, marking its first token issuance on the Layer-1 platform. The new token will allow users to stake Bitcoin on Solana and use it as lending collateral.
Solana Price Forecast: Investors stake $1.3B SOL amid November winning streak
Buoyed by Donald Trump's victory at the polls, the global crypto market entered its third consecutive day on an uptrend on November 7, 2024. Amid the ongoing rally, Solana emerged one of the biggest gainers on Thursday, as demand for native memecoins further propelled market demand for SOL.
Bitcoin: New all-time high at $78,900 looks feasible
Bitcoin price declines over 2% this week, but the bounce from a key technical level on the weekly chart signals chances of hitting a new all-time high in the short term. US spot Bitcoin ETFs posted $596 million in inflows until Thursday despite the increased profit-taking activity.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.