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Deploy a fake Bitcoin wallet to save your own

Devs claim VXer greed means trickery will succeed

Reducing security risks from open source software

Bitcoin con artists have a new enemy with the launch of a managed fake wallet system that baits malware lurking on machines into striking too early.

BitcoinVigil was a free pre-fab or custom honeypot that users could deploy onto a machine before using it for Bitcoin transactions.

It functioned as a would-be Bitcoin wallet in a bid to trigger dormant malware to pounce, therefore alerting users to the danger.

Users could download a free ready-made honeypot or build thier own. In a new upgrade users could pay $1 a month for a managed intrusion detection service with alerts sent by SMS or email.

Mexico-based developers Rubem Alcazar, Omar RLópez Orendain, and Eric Spriner were unaware of any Bitcoin-malware which could detect the honeypot and said any bid to ignore the fake wallet could result in lost opportunities to steal legitimate Bitcoins.

"...leaving money on the table is a pretty risky move on their part," they wrote in a FAQ.

It required only the honeypot file to be saved on a users' machine.

Bitcoin malware had become as common as dirt and was written for a host target systems.

The best botnets targeted high-end machines, GPUs and Bitcoin rigs to maximise what were shrinking returns for mining efforts.

Yet some blundering and perhaps desparate VXers had coded ineffective coin-slurping malware for Android phones, while others had inexpicably written wares for Digital Video Recorders ®.

Mobile application security vulnerability report

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