BitPay, one of the leading Bitcoin Processors, has published an announcement regarding a new emerging threat called Coinbitclip.
Coinbitclip, first discovered in early February, is a Trojan that, after infecting users, operates by keeping a watchful eye on its victim.
When the user copies or cuts a string that resembles the format of a Bitcoin wallet address, Coinbitclip looks at an internal list of Bitcoin addresses, all under the attacker's control, finds the one that most closely resembles the user's address, and replaces the address in the user's clipboard with its own.
With the help of this insidious trick, the scammers behind Coinbitclip can overshadow Bitcoin transactions and make a profit at the expense of infected users.
Back in early February, when Symantec first detected Coinbitclip, the company said that the crooks behind this trojan had bundled it with the Hearthstone Hack Tool, an app that promises to provide unlimited gold and dust for Hearthstone players.
BitPay says it has not received any customer complaints reported due to the breach of transactions leading to Coinbitclip, but is raising the alarm nonetheless so that customers are aware and alert that such a threat exists.
With companies participating in the Bitcoin ecosystem constantly taking hits from all kinds of cyberattacks ,BitPay is careful not to face any problems later by warning its customers in advance.
