A new ransomware that only accepts Monero for payment has emerged, attempting to trick victims by masquerading as a password-protected storage mechanism for SpriteCoin. SpriteCoin doesn’t exist, however – it’s a fictional cryptocurrency.

According to Fortinet FortiGuard Labs, the malware claims to be a wallet and asks the user to create their desired password. It doesn’t actually download blockchain, however; rather, it secretly encrypts the victim’s data files and then demands a ransom in Monero cryptocurrency.

Adding insult to injury, if the ransom is paid, during the decryption phase another piece of malware is deployed with capabilities including certificate harvesting, image parsing and web camera activation.

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