Categories: CryptoNews

CTB-Locker Sends Decryption Keys Over Bitcoin Blockchain

An interesting article has surfaced on PC World, which details how Bitcoin ransomware infections through CTB-Locker can be solved by looking at Bitcoin transactions. Or to be more precise, that would be the most positive outcome as this malware apparently stores decryption keys within the metadata of Bitcoin transactions.

Also read: ShapeShift CEO Erik Voorhees Reveals Hack Was an Inside Job

A New Way To Crack CTB-Locker?

CTB-Locker has proven to be quite an annoying strain of Bitcoin ransomware, which has been all but impossible to crack by security experts. Up until now, that is, as it turns out finding these decryption keys is not as difficult as originally assumed. But it will not be a walk in the park either; that much is certain,

According to the PC World article, the author of CTB-Locker has come up with the ingenious way of storing the decryption key for every infection on the Bitcoin blockchain. Keeping in mind how all of these transactions are broadcasted to the public, the creators have designed this method to deliver the decryption keys to victims who paid the ransom.

This is a step up from the previous c&c server strategy Bitcoin ransomware used. CTB-Locker would send information back to the creator’s own servers to confirm the payment, and that same route would be used to deliver the decryption key to the victim. But this is not the most reliable method and a new solution had to be found.After all, why not use the Bitcoin blockchain?

Related Post

The OP_RETURN field found within the Bitcoin source code makes this principle possible. This same function lets users include a message or other data with every transaction, and can easily hold a decryption key. Although these transactions are not validated by the blockchain – assailants create bogus tx on purpose – it is still recorded on the blockchain.

Once this step has been completed, the CTB-Locker ransomware will execute a script to scan the blockchain for the transaction history linked to the Bitcoin address used. The decryption key is extracted from the bogus transaction, and file access is restored. In a way, this system is elegant and kind of interesting, although it is being used for nefarious purposes.

Source: PC World

Images credit 1,2

If you liked this article follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin and altcoin price analysis and the latest cryptocurrency news.

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Best Crypto Presale To Buy Now: Rollblock Delivers For Holders With New License, Record Sign Ups and 7000+ Games

Rollblock is quickly becoming the best crypto presale to buy, delivering unmatched value for its…

2 hours ago

Polkadot And Uniswap Gearing For Post-Christmas Jump As Rollblock Raises $7.4 Million in Presale

While Rollblock's continues its crypto presale, with its value increasing regularly, Polkadot (DOT) and Uniswap…

3 hours ago

IntelMarkets (INTL) Receives Massive Demand From Chainlink And SUI Investors Looking To Position For The Best Bull Run Gains

As the cryptocurrency market gears up for a bull run, IntelMarkets (INTL) is attracting significant…

3 hours ago

FOMO Selling Trigger $1 Billion Liquidations as LINK & SOL Bleed Heavily; What to Do Next?

In the past, Chainlink (LINK) and Solana (SOL) have been among the most discussed altcoins…

8 hours ago

Qubetics $7.4M Presale Revolutionises Blockchain as Bitcoin and Chainlink Drive Innovation: Best Cryptos to Buy for 2025

The crypto market is abuzz with excitement as 2025 approaches. While Bitcoin continues to dominate…

14 hours ago

Best Altcoins to Buy Today: Why Qubetics’ Presale Could Be the Best Investment Opportunity of 2024

The cryptocurrency market never sleeps, and every day feels like an adventure. From household names…

20 hours ago