A dangerous Trojan for cryptocurrency applications was discovered in Germany

In Germany, the Federal Financial Supervisory Authority issued a press release warning users of a new dangerous and malicious software called "The Godfather".

Its essence is simple - the application collects user data about their accounts, and then sends it to attackers, who, in turn, then empty the wallets of their victims.

The German Federal Financial Supervisory Authority reports that The Godfather is able to work with more than 400 different DeFi applications.

Finding this software on your devices is quite difficult, since the program imitates real-life programs. In addition, the Trojan's increased danger lies in the ability to send push notifications to receive two-factor authentication codes. Thus, the victim may be completely confused by the victim and not understand that he has the virus.

At the moment, the German Federal Financial Supervisory Authority is investigating this issue in order to understand how malware gets on people's devices.

It is worth noting that early versions of The Godfather were discovered back in 2021, but then the malware was unfinished and did not pose such a danger. It only circulated on Android devices. Notably, at that point, the virus was designed to be targeted at 16 different countries.

For the most part, the trojan aims to hit American banking applications, and can also work with 110 different cryptocurrency exchange platforms and 94 different digital wallets.

In December 2022, a wave of stricken victims was seen falling under the impact of The Godfather. This time, the Federal Financial Supervisory Authority discovered the problem in Germany.

Crypto security firm CertiK has previously reported that 2023 could be a boom year for scams as digital assets gain more and more attention. And the industry as a whole can be a great place to find victims of phishing and other hacking methods.