Coinbit

Coinbit is a Trojan horse designed to steal users’ Bitcoin wallets. Coinbit targets Windows computers by homing in on the standard file location for a Bitcoin wallet before e-mailing the wallet to an address designated by the creator of the malware. The malware ‘s full name is Infostealer.Coinbit, and it was first discovered in the wild in June 2011.

Bitcoin is a popular decentralized virtual currency exchanged peer to peer and earned by users through the process of mining, or contributing a computer’s CPU cycles to mathematically generating new Bitcoin. Bitcoin wallets can be encrypted, which can help prevent Trojans like Coinbit from using brute force to open a wallet, especially when strong passwords are used.

Previous articleComputer Systems Administrator
Next articleMACDefender
Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.

Top Articles

Huge List Of Texting and Online Chat Abbreviations

From A3 to ZZZ we list 1,559 text message and online chat abbreviations to help you translate and understand today's texting lingo. Includes Top...

How To Create A Desktop Shortcut To A Website

This Webopedia guide will show you how to create a desktop shortcut to a website using Firefox, Chrome or Internet Explorer (IE). Creating a desktop...

The History Of Windows Operating Systems

Microsoft Windows is a family of operating systems. We look at the history of Microsoft's Windows operating systems (Windows OS) from 1985 to present...

Hotmail [Outlook] Email Accounts

  By Vangie Beal Hotmail is one of the first public webmail services that can be accessed from any web browser. Prior to Hotmail and its...

Abacus Definition & Meaning

An abacus, also known as a counting frame, is a mechanical device used...

Legacy Code Definition &...

Legacy code refers to source code that has been inherited from a previous...

Unregulated Power Supply Definition...

An unregulated power supply is a system that transforms input voltage into direct...