NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Celsius Founder Alex Mashinsky Receives 12-Year Prison Sentence

Hackers Adopt SaaS Model to Support Bitcoin Ransomware Schemes

NewsBTC
NewsBTC
9 years ago
3 mins read
Ransomware demanding bitcoin

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The Year 2015 saw cyber criminals implement new strategies to extort money, many taking their ransoms in bitcoin. The one that got everybody’s attention as the year came to a close was Ransom32 – a JavaScript-based ransomware which freezes the files in a user’s computer until a ransom is paid in bitcoin.

The revelation was first made on BleepingComputer.com by an infected user who complained that he could not access the data on his computer, including pictures, documents, and mp3.

Bleeping Computer editor Lawrence Abrams told BBC.com that the infection “was designed for those that lacked the technological skill to create their own brands of malware.”

Security expert Graham Cluley also told BBC:

“By turning their ransomware into a sellable service, the criminals behind Ransom32 are providing an opportunity for other hackers to easily launch attacks that will encrypt users’ documents, including personal photographs, movies and more.“

Security expert Fabian Wosar of Emsisoft and security researcher xXToffeeXx analyzed this Ransomware as a Service or RaaS, and have brought to light some important facts about the infection.

Key Points About Ransom32

  • It is located on an underground TOR network, and can be downloaded when a bitcoin address is submitted.im1
  • After a user submits the bitcoin address, he is presented with an administration panel, where he can configure the amount of bitcoin in ransom, and get access to data such as the number of people who already paid the ransom.

im2

  • The program is the first virus written in HTML, CSS and JavaScript languages.
  • The malware developers demand a 25% cut of any ransom collected the user downloading the virus and send the rest to the bitcoin wallet address supplied.

How Does it Work?

After finishing the configuration of Ransom32, the Download client.scr button at the bottom of the page needs to be hit. The download is a 22MB, self-extracting RAR file which unpacks into several files totaling over 67MB. The files are then extracted into C:UsersUserAppDataRoamingChromeBrowser, along with a shortcut in StartUp Programs so that the ransomware initiates when the computer boots up.

Some of the extracted files are:

  • Chrome – Holds the General Public License agreement.
  • chrome.exe – A packaged NW.js file that contains the malware code.
  • g – This file stores important information required by the malware. This includes the bitcoin ransom amount, the bitcoin address being used, and an error message if the configuration was enabled to do so.
  • rundll32.exe – A TOR executable file that links the malware with the TOR Command and Control server.
  • s.exe – This creates the shortcut in the Startup folder.

The malware encrypts the files of the users using Advanced Encryption Standard (AES) and decrypts them only after the asked ransom is paid in bitcoin. Ransom32 specifically targets commonly used file extensions such as .jpg, .jpeg, .tif, .gif, .wma, .avi, .mp4, and .docx. An extensive list of targeted extensions can be found here.

In a blog post titled Meet Ransom32: The first JavaScript ransomware, security expert Fabian Wosar also gave an extensive review of the malware, reiterating that the best protection against the attack remains a solid and proven backup strategy.

Apart from maintaining a backup of important files, users are advised to install the best anti-malware and internet security programs to stay protected from an increasing number of cyber attacks. They might not provide 100% cover but will definitely thwart such malicious attacks with their strong defense.

Image Credits: Bleeping Computers

Tweet123Share196ShareSend
NewsBTC
NewsBTC

NewsBTC

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum

Here Are 5 Reasons Ethereum May Reach $12,000 In 2025 – Analyst

Ethereum prices have surged by over 19% in the past day, reaching almost $2,500 as a general crypto market resurgence...

Semilore Faleti 9 hours ago
Bitcoin

Bitcoin 6-Month Flight Plan To $188,000, Here’s The Roadmap

With Bitcoin back above $100,000, crypto analyst Leo Hart has released a 6-month roadmap on the flagship crypto’s journey to...

Scott Matherson 10 hours ago

Best Crypto to Buy Now as UFC Legend Conor McGregor Calls for a Bitcoin Strategic Reserve in Ireland

‘Victory to Ireland’ is how Connor McGregor signed off on an emphatic call for a Bitcoin strategic reserve in his...

NewsBTC 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Bitcoin

Bitcoin Advanced NVT Sits Above This Critical Threshold — What It Means For Price Action

Opeyemi Sule 4 hours ago
Bitcoin

Bitcoin ETFs Hit $40 Billion Inflows, Setting Historic Crypto Record

Christian Encila 6 hours ago
Bitcoin price

Is Bitcoin Price Heading To $137K? Market Expert Says BTC Broke Out Since Nov. 2024

Opeyemi Sule 7 hours ago

Premium Sponsors

Top Brands

Press Releases

  • BTC breaks through $100,000 and market value exceeds $2...

    6 hours ago
  • XRP, DOGE Price Prediction: How to Make $8,700 a Day with...

    8 hours ago
  • BTC breaks through $100,000 again – SIX MINING users...

    12 hours ago
  • Automated Crypto Profits: How KSD Miner Leverages BTC and...

    13 hours ago
  • BTC: How BTC Cloud Mining using AI Agents is Quietly...

    14 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.