CoinKrypt Malware Using Android Phones to Pilfer Data for Casinocoin, Dogecoin and Litecoin

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Virtual currencies are becoming popular and useful in many ways in the internet-driven and techie age we live in. With each step of opening up currencies to the virtual world we find ourselves faced with an abundance of hackers who use advanced malware to basically steal the funds, which is taking place using the recently discovered CoinKrypt malware.

CoinKrypt malware is a clever piece of software designed to target Android phones where it efficiently mines certain virtual currencies. Among the virtual currencies that CoinKrypt malware has mined are newer ones like Casinocoin, Dogecoin and Litecoin. Because Bitcoin, one of the popular virtual currencies around, uses advanced methods for protection, which requires malware have a lot of computing power to defeat, it is not on the radar screen for CoinKrypt.

The way CoinKrypt is designed to efficiently utilize the complete battery power of an Android phone to mine Casinocoin, Dogecoin and Litecoin, is simply astonishing and clever. It gives certain cybercrooks the proper tools to basically rob a bank in the form of Casinocoin, Dogecoin and Litecoin currencies and then turn around and use them for other purchases that take such means of funds.

CoinKrypt seems to be the go-to for mining and basically stealing virtual funds from Casinocoin, Dogecoin and Litecoin through Android phones, which is claimed to be a million times easier to pilfer than Bitcoin. Although the coins from these services are not as valuable as Bitcoins, hackers still are hoping for the time when they become nearly as valuable as Bitcoins.

For now, cybercriminals have the market cornered from attacking Casinocoin, Dogecoin and Litecoin using the CoinKrypt malware on Android phones. Their efforts for these attacks can only grow and improve over time, which leads many researchers to believe that virtual currency is a seriously fragile paramount.

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