HC7 Planetary Ransomware demands Ethereum for decryption

Malicious software HC7 PLANETARY encrypts users' files and and requests victims to pay with Bitcoin, Monero and, surprisingly, Ethereum
10 January 2018   1490

One of the users, attacked by the malicious HC7 Planetary ransomware, has contacted Bleeping Computer asking for help and reporting that the ransoware encrypts users' files and adds the PLANETARY extension to the filename.

Mainly, the attackers demand Bitcoin or Monero as payment, as, for example, Cerber ransomware, which was capable of stealing from Bitcoin wallets; or BadRabbit, which attacked different institutions in five countries, demanding Bitcoin.

planetary ransomware screenshotPlanetary Ransomware victim's screenshot

There is little known about HC7 Planetary ransomware, but what is known so far is that ransomware developer hacks into networks using remote desktop and manually installs the ransomware on all computers which are accessible to them.

Planetary ransomware encrypted filesHC7 Planetary Ransomware encrypted files

Once having encrypted the files, ransomware demans the victim to pay $700 worth Bitcoin, Monero or Ethereum for decryption on one computer or $5000 for all the attacked network, and asks to include a sample encrypted file for proof of decrypt.

Considering the Ethereum's rapidly rising value, it is not surprising that ransomware creators start turning to this currency. Moreover, Ethereum's smart contract feature can make ransomware payment processing more efficient, as a victim can guarantee payment if the developer really decrypts the files.

At the moment of press, these are the main market parameters of Ethereum:

  • Average Price: $1 343,56
  • Market Cap: $130 176 860 817
  • 24h Volume: $9 785 200 000

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   226

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.