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The Truth About Market Manipulation: Unveiling the Tactics and Strategies


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Table of Contents

Introduction

The ongoing debate on market manipulation has been a topic of discussion in the financial world for a long time. Theoretical arguments and practical demonstrations have been presented on whether or not manipulation exists in the market. In this blog, our purpose is to showcase market manipulation in action.

To demonstrate manipulation, we will need a few tools and resources. These include two websites, a wallet, and a certain amount of funds. With these tools, we will create a project and list it on a decentralized exchange. This will allow us to observe the process of price formation and the distribution of tokens.

While some readers may be familiar with the topic, for many, this behind-the-scenes look into the world of manipulation will be a first. Our aim is to provide an insider's perspective and shed light on how manipulation can occur in the market.

Setting Up Metamask and Binance Smart Chain

In order to demonstrate market manipulation, we will need to set up Metamask and use the Binance Smart Chain. Metamask is a popular cryptocurrency wallet that allows users to manage their digital assets and interact with decentralized applications (dApps) on various blockchain networks.

To install Metamask, simply go to the Metamask website and follow the installation process, which usually takes just a few minutes. Once installed, you can add the Binance Smart Chain network to your Metamask wallet, as it offers lower fees and ease of use compared to other networks.

After setting up Metamask, the next step is to create and fund a wallet for the demonstration. This wallet will be used to execute the manipulation tactics. It is important to have a sufficient amount of BNB (Binance Coin) in this wallet, as BNB is the native cryptocurrency of the Binance Smart Chain and will be used for transactions and fees.

In order to create the wallet, you can either transfer BNB from another device or exchange, or purchase BNB directly from a supported exchange and send it to your wallet address. It is recommended to have a reasonable amount of BNB to effectively carry out the manipulation.

Having BNB in your wallet is crucial, as it will enable you to execute the manipulation tactics and carry out transactions on the Binance Smart Chain. BNB will be used for activities such as creating and listing a project, buying and selling tokens, and adjusting the price of the manipulated asset.

Creating and Listing a Token

Creating and listing a token is a straightforward process that can be done using the Coin Tools feature on the DDX service. This feature allows users to easily create and manage their own tokens on the Binance Smart Chain.

To start the process, users need to select the Binance Smart Chain network on the Coin Tools platform and connect their Metamask wallet. Metamask is a popular cryptocurrency wallet that allows users to manage their digital assets and interact with decentralized applications (dApps) on various blockchain networks.

Once the wallet is connected, users can proceed with the token creation process. They can choose a name for their token and set the initial supply. It is important to choose a name that is unique and represents the token's purpose or project.

After choosing a name, users can set the initial supply of the token. The initial supply determines the total number of tokens that will be available. It is important to carefully consider the initial supply to ensure that it aligns with the token's intended use and market demand.

In addition to the name and initial supply, users can also explore additional settings for the token. These settings include options such as whether the token will be burned with each transaction, whether it will be an NFT (Non-Fungible Token), and other advanced settings that can be configured depending on the specific requirements of the project.

Once all the settings are configured, users can proceed with the token creation process. This process will generate the token and make it available in their Metamask wallet. Users can then proceed to list the token on a decentralized exchange (DEX) to make it available for trading.

Listing the token on a DEX involves creating a liquidity pool and setting up trading pairs. Users can choose a trading pair, such as BNB (Binance Coin), and set the desired quantity of their token to be listed. They can also set additional parameters, such as the initial price of the token.

After approving the transaction, the token will be listed on the DEX, and users will be able to buy and sell the token using the trading pair they selected. They can also adjust the token's price by buying or selling more tokens as needed.

By following the step-by-step process of token creation and listing, users can easily create their own tokens and make them available for trading on decentralized exchanges. This gives them the opportunity to participate in the cryptocurrency market and explore the potential of their projects.

Listing the Token on an Exchange

After creating and setting up our token, the next step is to list it on a decentralized exchange (DEX) to make it available for trading. Listing the token on a DEX involves a few key steps.

Navigating to the 'Create Pool' section on a DEX

To list our token, we need to navigate to the 'Create Pool' section on a DEX platform. This section allows users to create liquidity pools and set up trading pairs.

Selecting the token and setting the pair with BNB

Once we are in the 'Create Pool' section, we need to select our token and set up the trading pair. In this case, we will select our token and set the pair with BNB (Binance Coin).

Deciding on the token quantity and price

When listing the token, we need to decide on the token quantity and price. We can choose the desired quantity of our token to be listed and set the initial price of the token.

Explaining the 'approve' process for token listing

Before the token can be listed on the DEX, we need to go through the 'approve' process. This process involves giving permission for the DEX platform to access and interact with our token. Once the 'approve' process is completed, the token will be listed on the DEX and available for trading.

By following these steps, we can successfully list our token on a DEX and make it available for trading. It is important to carefully consider the token quantity, price, and the 'approve' process to ensure a smooth listing experience.

Charting and Monitoring the Token Price

Tracking and monitoring the token price is an essential aspect of understanding market manipulation and its effects. By using the right tools and techniques, traders can gain valuable insights into price movements and make informed trading decisions. In this section, we will explore the various tools and strategies for charting and monitoring token prices.

Using T-Tools to track price movements

T-Tools is a powerful tool that allows traders to track and analyze price movements in real-time. By using T-Tools, traders can view historical price data, identify trends, and spot potential market manipulation. This tool provides valuable information for understanding the dynamics of the market and making informed trading decisions.

Analyzing the initial price surge and its causes

One important aspect of charting and monitoring token prices is analyzing the initial price surge. By examining the factors that contributed to the price surge, traders can gain insights into the market manipulation tactics employed by certain actors. This analysis can help traders understand the underlying dynamics of price movements and make better-informed trading decisions.

Demonstrating the impact of trading actions on the chart

Another crucial aspect of charting and monitoring token prices is demonstrating the impact of trading actions on the chart. By executing various trading actions, such as buying or selling tokens, traders can observe the immediate effects on the price chart. This allows traders to understand the relationship between trading actions and price movements, providing valuable insights for making effective trading decisions.

Highlighting the role of liquidity and trading volume

In addition to tracking price movements, it is important to consider the role of liquidity and trading volume in charting and monitoring token prices. Liquidity and trading volume play a crucial role in determining the stability and volatility of token prices. By analyzing liquidity levels and trading volume, traders can gain insights into market trends and potential manipulation strategies.

In conclusion, charting and monitoring token prices are essential for understanding market manipulation and making informed trading decisions. By utilizing tools like T-Tools, analyzing price surges, demonstrating trading actions' impact, and considering liquidity and trading volume, traders can gain valuable insights into the market dynamics and navigate the complexities of token price movements.

Gradual Distribution and Dumping

In the world of market manipulation, the concept of distribution plays a crucial role. Distributing tokens in the market involves gradually selling them to create an artificial scarcity. This controlled selling can create a sense of FOMO (Fear of Missing Out) among potential buyers, driving up the demand for the tokens.

By gradually selling tokens, market manipulators can control the supply and create an illusion of limited availability. This scarcity can create a sense of urgency among buyers, making them more likely to purchase the tokens at higher prices.

Market sentiment also plays a significant role in this process. By carefully controlling the selling process and creating a perception of high demand, manipulators can influence market sentiment and create a positive outlook for the tokens.

The process of gradual distribution and dumping involves carefully timing the selling of tokens to maximize profits. By strategically selling small amounts of tokens over time, manipulators can take advantage of price fluctuations and create a sense of stability in the market.

However, it is important to note that this manipulation tactic can have negative consequences for unsuspecting buyers. It is crucial for investors to research and analyze market conditions before making investment decisions. Understanding market sentiment and recognizing manipulation tactics can help protect against potential losses.

In conclusion, gradual distribution and dumping are manipulation tactics used to control the supply and demand of tokens in the market. By creating artificial scarcity and generating FOMO, manipulators can influence market sentiment and drive up prices. It is important for investors to stay informed and be cautious of market manipulation.

Managing Liquidity and Price Movements

Managing liquidity and price movements is a key aspect of market manipulation. Manipulators often remove liquidity from a token's market to manipulate its price. By removing liquidity, they create an artificial scarcity, which can drive up demand and prices.

Removing liquidity allows manipulators to demonstrate their ability to control supply and demand. By controlling the supply of tokens available in the market, manipulators can create a sense of urgency among buyers, prompting them to purchase the tokens at higher prices.

The impact of liquidity removal can be seen on the price chart. As liquidity is removed, the chart may show sudden price spikes or drops, depending on the direction of the manipulation. These price movements can be used to demonstrate the manipulator's control over the market.

Market makers and influencers often play a role in managing liquidity and price movements. Market makers help provide liquidity to the market by buying and selling tokens, ensuring that there is always a market for the asset. Influencers, on the other hand, have the power to sway market sentiment and drive demand for specific tokens.

Understanding the role of liquidity and price movements is crucial for investors and traders to make informed decisions. By analyzing the impact of liquidity removal on the chart and recognizing the influence of market makers and influencers, individuals can better navigate the market and protect themselves against potential manipulation.

Recovery and Volatility

After the manipulation and distribution process, the price of the manipulated asset may experience a recovery. This recovery is a result of market forces and investor sentiment. Here are some key points to understand about the recovery and volatility after manipulation:

Explaining the process of price recovery after manipulation: Once the manipulation tactics have been executed and the manipulated asset has reached a peak price, there is a possibility of a price correction or pullback. This correction is a natural market response to the rapid price increase. It is important to understand that the recovery process can take time and may not happen immediately.

Analyzing market reactions and investor sentiment: During the recovery period, market reactions and investor sentiment play a crucial role. Investors may react differently to the price correction, leading to increased buying or selling activity. It is important to monitor market trends and investor sentiment during this period to make informed trading decisions.

Discussing the potential for false breakouts: False breakouts are common during the recovery period after manipulation. A false breakout occurs when the price briefly surpasses a key resistance level but fails to hold above it. It is important to be cautious and analyze the market carefully to identify false breakouts and avoid entering or exiting trades prematurely.

Highlighting the role of technical analysis in price predictions: Technical analysis plays a crucial role in predicting price movements during the recovery period. Traders use various technical indicators and chart patterns to identify potential support and resistance levels, trend reversals, and other key price levels. Technical analysis can help traders make more accurate price predictions and improve their trading strategies.

In conclusion, the recovery and volatility period after manipulation is a crucial time for traders and investors. By understanding the process of price recovery, analyzing market reactions and investor sentiment, being aware of false breakouts, and utilizing technical analysis, traders can navigate the market more effectively and make informed trading decisions.

Conclusion

Reflecting on the demonstrated manipulation tactics, it becomes clear that market manipulation exists and can have a significant impact on prices. The process of creating and listing a token, as well as managing liquidity and price movements, showcases how manipulators can control supply and demand to drive up prices artificially.

It is essential for investors to be aware of these manipulation tactics and understand the potential risks involved. Market awareness is crucial in making informed trading decisions and avoiding potential losses.

Responsible investing and due diligence are key to navigating the complexities of the market. Investors should thoroughly research and analyze market conditions, project fundamentals, and potential manipulation strategies before making investment decisions.

Transparency and the sharing of knowledge are also important in combating market manipulation. By promoting transparency in project development and sharing information about manipulation tactics, investors can protect themselves and the market as a whole.

In conclusion, the demonstration of market manipulation tactics highlights the need for market awareness, responsible investing, due diligence, and transparency. By staying informed and exercising caution, investors can navigate the market more effectively and mitigate the risks associated with manipulation.

FAQ

Answering common questions about market manipulation:

Does market manipulation exist?

Yes, market manipulation is a real practice that can have a significant impact on prices. The demonstration of manipulation tactics in this blog highlights the existence of market manipulation.

Is market manipulation legal and ethical?

Market manipulation is generally illegal and considered unethical. It involves deceptive practices to artificially influence market prices, which can harm other participants and create an unfair advantage for manipulators.

What are some tips for identifying potential manipulation?

  • Pay attention to sudden and extreme price movements that are not supported by fundamental factors.
  • Look for unusual trading patterns or volume spikes that may indicate manipulation.
  • Monitor market sentiment and rumors that could be used to manipulate prices.
  • Do thorough research on projects and market conditions to identify any red flags or suspicious activities.

What are some responsible investing practices?

  • Conduct thorough research and due diligence before making investment decisions.
  • Diversify your portfolio to reduce risks.
  • Stay informed about market trends and news.
  • Set realistic expectations and be prepared for potential losses.
  • Follow ethical and legal investment practices.
Edited by DARKMM

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      Economic events, such as interest rate decisions, inflation rates, and GDP growth rates, can have a significant impact on the crypto market. These events can affect the monetary policy of countries and, in turn, influence the stock market and crypto market.
      Traders need to stay informed about upcoming economic events and understand how they might impact the market. By keeping track of these events and analyzing their potential effects, traders can make more informed trading decisions and adjust their strategies accordingly.
      Insights into Risk Management and Win Rate
      Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. This involves carefully calculating position sizes and setting realistic profit targets.
      Win rate, which refers to the percentage of winning trades, is also an important factor to consider. A high win rate can contribute to overall profitability, but it is important to strike a balance between win rate and risk-reward ratio. Traders need to maintain a consistent win rate and ensure that their winning trades outweigh their losing trades.
      By understanding the system behind live crypto trading, including trend analysis, volatility during the New York session, the impact of economic events, and the importance of risk management and win rate, traders can make more informed trading decisions and increase their chances of success in the market.
      Applying the System
      Now that we have discussed the breakdown of the trades and the strategies used, let's explore how to apply this system to your own trading.
      Example trade on Ethereum and its execution
      One of the trades we executed was on Ethereum. We followed the trend and used moving averages as confirmation. By entering the trade just below the entry point, we were able to secure a profit of around $4,000 in just a few hours. The key here is to identify the trend, use the right indicators, and execute the trade at the right time.
      Dollar cost averaging and risk profile
      A key component of this system is dollar cost averaging (DCA). This strategy involves buying more shares or units as the price goes down, lowering the average cost of the investment. By gradually adding to losing positions, you reduce the risk profile of the trade. However, it is important to be meticulous and calculate position sizes to determine your risk tolerance.
      Explanation of gradual profit withdrawal strategy
      In order to take profits out of the system, a gradual profit withdrawal strategy can be implemented. By taking a fixed percentage of the profits on winning trades, you can gradually increase your profitability over time. For example, taking 25% of the profits on each winning trade allows for consistent growth while still maintaining a high win rate. This strategy is still being developed and refined, with the goal of potentially automating the process.
      Importance of discipline and attention to detail
      One of the most important aspects of successful trading is discipline and attention to detail. It is crucial to follow your trading system consistently and pay attention to the small details that can make a difference in your trades. Successful traders are meticulous in their approach and have a structured process that they follow rigorously.
      Remember, trading is not about finding a magical solution or relying on luck. It is about having a disciplined structure, refining your process, and paying attention to meticulous details. By understanding the system, applying dollar cost averaging, implementing a gradual profit withdrawal strategy, and maintaining discipline, you can increase your chances of success in the market.
      Future Developments
      As we continue to revolutionize retail trading, we have some exciting developments planned for 2024. Here's a teaser of what's to come:
      Full Automation: We are working towards achieving full automation in our trading system. This means that trades will be executed automatically based on pre-set criteria, eliminating the need for manual intervention. This will enhance the trading experience and make it more efficient for our community. Fixed Percentage Profit Withdrawals: We are currently developing a system that will allow for fixed percentage profit withdrawals. This means that traders will be able to take a predetermined percentage of their profits on winning trades. This strategy aims to gradually increase profitability over time while maintaining a high win rate. We believe that this approach will provide consistent growth for our traders. Free Trades in the Discord Community: Starting in 2024, we will be offering some of our trades for free in our Discord community. This will allow traders to participate in our trades and learn from our strategies without any financial commitment. It will be a great opportunity to experience live crypto trading and gain valuable insights. If you're interested in staying updated on these developments and joining our amazing trading community, we encourage you to join our Discord. In our Discord community, you'll have access to trade alerts, learning resources, and a supportive community of traders.
      We are excited about the future of retail trading and look forward to sharing these developments with you. Together, we can achieve financial success in the crypto market.
      How to Participate
      Are you interested in joining our live crypto trading community and participating in trade alerts? Here's how you can get involved:
      Explanation of the Discord community and trade alerts
      Join our Discord community to stay connected with us and receive trade alerts. We provide real-time updates on the trades we execute, including the exact entry and exit points, as well as the thought process behind each trade. This allows you to follow along and learn from our strategies.
      Access to trade ideas and participation in alerts
      Once you join our Discord community, you will have access to trade ideas and alerts in the public trading and analyst tab. We share the specific criteria for each trade, and you can participate by inputting the necessary information into the provided tools. However, please note that this information is for educational purposes only and should not be considered financial advice.
      Disclaimer about the information not being financial advice
      It's important to understand that the trade alerts and information we provide are not financial advice. We are sharing our strategies and trades for educational purposes and to help you learn from our experiences. It's crucial to conduct your own research, consider your risk tolerance, and make informed trading decisions.
      Promotion of other learning resources and community support
      In addition to trade alerts, our Discord community offers a wealth of learning resources and a supportive environment. You can find valuable tools, such as the TCL Max, and access other free learning materials. Engage with the community, ask questions, and learn from experienced traders to enhance your trading skills.
      By participating in our community and utilizing the resources available, you can gain insights into live crypto trading, learn from our strategies, and improve your trading abilities. Remember, trading requires discipline, attention to detail, and constant learning. Take advantage of our community and embark on a journey towards financial success.
      Conclusion
      In conclusion, the live crypto trading experience has demonstrated the effectiveness of our strategies and the potential for substantial profits. Through careful analysis, trend following, and strategic entry and exit points, we were able to achieve a 100% win rate and generate significant returns.
      We encourage you to engage in the comments section to share your thoughts, ask questions, and learn from our experiences. Our trading community is filled with knowledgeable individuals who can provide valuable insights and support.
      We want to express our gratitude to all our viewers and subscribers for their continued support. Your engagement and participation inspire us to continue sharing our trading strategies and insights.
      If you found this blog helpful and informative, we invite you to watch our next video for more live crypto trading and strategies. Stay updated on the latest trading and investing insights by subscribing to our channel and following us on social media.
      Join us in revolutionizing retail trading and embark on a journey towards financial success in the crypto market. Together, we can achieve great things.
      FAQ
      Answers to frequently asked questions about the trading system
      What is the win rate of the trading system? The win rate of the trading system is currently 100% for the trades discussed in this video. However, it's important to note that win rates can vary and it's crucial to maintain a high win rate in order to be profitable in the long run. What is dollar cost averaging (DCA) and how does it work? Dollar cost averaging is a strategy that involves buying more shares or units as the price goes down, lowering the average cost of the investment. This strategy allows traders to gradually add to losing positions and reduce the risk profile of the trade. By gradually adding to positions, traders can lower the price at which the instrument needs to reach in order to make a profit. What is the gradual profit withdrawal strategy? The gradual profit withdrawal strategy involves taking a fixed percentage of the profits on winning trades. For example, taking 25% of the profits on each winning trade allows for consistent growth while maintaining a high win rate. This strategy aims to gradually increase profitability over time. Explanation of key concepts and strategies
      What is trend analysis and how does it work? Trend analysis is an important part of the trading system. Traders analyze trends in the price movement of cryptocurrencies to identify potential trading opportunities. By analyzing trends, traders can determine the direction in which the price is likely to move and make informed trading decisions. What is the impact of the New York session on volatility? The New York session, which opens at around 8:00 AM EST, often brings increased volatility to the crypto market. This is because the New York Stock Market has a significant influence on global markets, including cryptocurrencies. Traders need to be aware of this volatility and adjust their trading strategies accordingly. What is the importance of economic events in trading decisions? Economic events, such as interest rate decisions and GDP growth rates, can have a significant impact on the crypto market. Traders need to stay informed about upcoming economic events and understand how they might influence the market. By analyzing the potential effects of these events, traders can make more informed trading decisions. What is risk management and why is it important? Risk management is a crucial aspect of any trading system. Traders need to manage their risk by setting stop-loss orders and determining their risk tolerance. By carefully calculating position sizes and setting realistic profit targets, traders can minimize potential losses and protect their capital. Tips for beginners and managing risk
      What tips do you have for beginners in live crypto trading? For beginners in live crypto trading, it is important to start with a disciplined structure and follow a well-defined trading system. Pay attention to the small details and constantly refine your process. It is also crucial to manage risk by setting appropriate stop-loss orders and determining your risk tolerance. How can traders manage risk in their trades? Traders can manage risk by setting stop-loss orders to limit potential losses. It is important to calculate position sizes based on risk tolerance and set realistic profit targets. By maintaining a consistent win rate and ensuring that winning trades outweigh losing trades, traders can effectively manage risk and increase their chances of success. Resources for further learning and development
      What resources are available for further learning about live crypto trading? In addition to the information shared in this video, there are several resources available for further learning about live crypto trading. Joining the Discord community mentioned in the video provides access to trade alerts, learning resources, and a supportive community of traders. Engaging with the community, asking questions, and learning from experienced traders can greatly enhance trading skills. Where can traders find additional learning materials and tools? Traders can find additional learning materials and tools within the Discord community. The community offers a wealth of resources, including the TCL Max tool, which can assist with trade ideas. Taking advantage of these resources and engaging with the community can help traders improve their trading abilities.
         1 comment
      So, this little article is sparked by a ton of questions about how invites work in channels. Today, we're diving into all the possible answers to that question.
      How do you invite more than 200 initial users to a channel?
      YOU CAN'T, LIKE, AT ALL!!! Well, that's pretty much the gist of it...
      Okay, technically you can't do it now, but there used to be this thing where you could ban and unban users to boost numbers. That bug's long gone, though.
      BUT! What if you find yourself in a channel with over 200 members without subscribing? Let's look at how you might have ended up there:
      You were invited before the channel hit 200 members, then they just cranked up the numbers. You clicked to join a channel that requires approval. The thing is, you can sit in the approval queue for weeks, and then they'll just approve everyone at once. Some channels even sell this service separately. The channel you were subscribed to got taken over and flooded with new posts. So those are the ways you might end up in random channels. As you can see, no magic involved.
      As for known bugs in channel adds, there's no data or mentions of any. All investigations have consistently pointed to these three scenarios
         2 comments
      Understanding Malware-as-a-Service (MaaS) Information Stealers
      The Malware-as-a-Service (MaaS) model offers aspiring cybercriminals a cost-effective and relatively simple means to execute advanced cyber attacks and achieve their malicious objectives. Among these services are information stealers, which focus on extracting and exfiltrating sensitive data—such as login credentials and financial details—from compromised devices, potentially causing significant financial damage to both individuals and organizations.
      What is the Lumma Information Stealer?
      The Lumma information stealer, which has been marketed and sold on various dark web forums since 2022, exemplifies this type of MaaS. Lumma specifically targets cryptocurrency wallets, browser extensions, and two-factor authentication (2FA) mechanisms, ultimately siphoning sensitive information from infected systems. The distribution of Lumma on dark web platforms is increasing, with over a dozen command-and-control (C2) servers detected in the wild.
      From January to April 2023, Darktrace monitored and analyzed several instances of Lumma activity across its client base. Leveraging its anomaly-based threat detection, Darktrace DETECT™ effectively identifies and provides insight into activities related to such info-stealers, from C2 operations to the exfiltration of sensitive data.
      Background on Lumma Stealer
      Previously known as LummaC2, the Lumma stealer is a subscription-based information theft tool that has been active since 2022. It is believed to have been created by the threat actor “Shamel,” using the alias “Lumma.” The stealer is marketed on dark web forums and through a Telegram channel with over a thousand subscribers as of May 2023. It is also available on Lumma’s official sales page for as low as $250.

      Emergence of Lumma Stealer in the Russian Market
      Research into the Russian market for stolen credentials has identified Lumma stealer as a notable emerging threat since early 2023. Lumma has joined the ranks of rising info-stealers, alongside other threats like Vidar and Racoon [1].
      Like other info-stealers, Lumma can extract data from compromised systems, including system and application information, as well as sensitive data such as cookies, usernames, passwords, credit card numbers, browsing history, and cryptocurrency wallet details.
      From January to April 2023, Darktrace observed Lumma malware activity across multiple customer environments, primarily in the EMEA region but also in the US. This activity involved data exfiltration to external endpoints associated with Lumma malware, likely originating from trojanized software downloads or malicious emails containing Lumma payloads.
      Lumma Attack Methods and Darktrace Detection
      Lumma is often distributed disguised as cracked or fake versions of popular software like VLC or ChatGPT. More recently, threat actors have also used emails with attachments or links pretending to be from well-known companies to deliver the malware. For instance, in February 2023, a South Korean streamer was targeted by a spear-phishing email that mimicked the video game company Bandai Namco [4].
      Lumma primarily targets Windows operating systems (Windows 7 to 11) and at least ten different browsers, including Google Chrome, Microsoft Edge, and Mozilla Firefox [5]. It also targets cryptocurrency wallets such as Binance and Ethereum, as well as crypto wallet and 2FA browser extensions like Metamask and Authenticator [6]. Additionally, the malware can exfiltrate data from applications like AnyDesk and KeePass [7].
      Infection with Lumma can lead to fraudulent use of the stolen credentials, potentially resulting in significant financial losses, such as bank account hijacking.
      Once the targeted data is captured, it is exfiltrated to a C2 server. Darktrace has detected this process in multiple affected environments. Through Darktrace DETECT, instances of data exfiltration via HTTP POST requests to known Lumma C2 servers were identified. During these connections, DETECT frequently noted the URI “/c2sock” and the user agent “TeslaBrowser/5.5”.
      In one case, Darktrace flagged a device using the “TeslaBrowser/5.5” user agent, which was new for the device, making an HTTP POST request to an unusual IP address, 82.117.255[.]127 (Figure 3). Darktrace’s Self-Learning AI recognized this as a deviation from expected behavior and alerted the customer’s security team.

       
      A detailed analysis of the packet captures (PCAP) from HTTP POST requests on one device confirmed that various types of data were being exfiltrated from the customer's network. This included browser data, such as Google Chrome history files, system information stored in a System.txt file, and program data like AnyDesk configuration files.
       


      Additionally, Darktrace identified malicious external connections on a particular device that were associated with other malware strains, such as Laplas Clipper, Raccoon Stealer, Vidar, and RedLine info-stealers, alongside the Lumma C2 connections. These info-stealers are commonly offered as Malware-as-a-Service (MaaS) and can be purchased and deployed by even relatively inexperienced threat actors. It is also likely that the developers of these info-stealers are working to integrate their malware into the activities of traffer teams [8], organized cybercrime groups specializing in credential theft.
      Conclusion
      Reflecting the broader trend of increasing information stealers in the cyber threat landscape, Lumma stealer remains a significant threat to both organizations and individuals.
      As another example of MaaS, Lumma is easily accessible for threat actors, regardless of their expertise, which is likely to lead to a rise in incidents. Consequently, it is crucial for organizations to implement security measures that can detect unusual behavior indicative of an info-stealer compromise, rather than relying solely on static indicators of compromise (IoCs).
      Darktrace DETECT’s anomaly-based detection capabilities have successfully uncovered Lumma infections across various customer environments, regions, and industries. By identifying unusual connections to C2 infrastructure and the exfiltration of data, Darktrace provided comprehensive visibility into Lumma infections, enabling affected customers to pinpoint compromised devices, mitigate further data loss, and reduce the risk of substantial financial damage
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