Inside Banana RAT: From Build Server to Banking Fraud
An MDR investigation successfully mapped the complete operational infrastructure of Banana RAT, a Brazilian banking trojan operated by threat cluster SHADOW-WATER-063. The investigation uncovered both server-side and client-side components, revealing a sophisticated FastAPI-based polymorphic payload generation system that produces hash-unique builds to evade detection. The malware employs layered obfuscation, AES-wrapped payloads, and fileless PowerShell execution. Once deployed, it enables operator-driven fraud through remote input control, keylogging, screen streaming, bank-branded overlays, and Pix QR code interception specifically targeting Brazilian financial institutions. The tooling exclusively targets 16 Brazilian banks and crypto exchanges, with all operator artifacts written in Brazilian Portuguese, indicating a financially motivated actor operating within the Tetrade banking trojan ecosystem.
AI Analysis
Technical Summary
Banana RAT is a sophisticated Brazilian banking trojan linked to the SHADOW-WATER-063 cluster. It features a FastAPI-based polymorphic payload generation system that produces hash-unique builds to avoid detection. The malware uses layered obfuscation techniques, AES-wrapped payloads, and fileless PowerShell execution to maintain stealth. Once deployed, it facilitates operator-driven fraud through multiple capabilities including remote input control, keylogging, screen streaming, bank-branded overlays, and Pix QR code interception. The trojan exclusively targets 16 Brazilian banks and cryptocurrency exchanges. Operator artifacts are in Brazilian Portuguese, indicating a financially motivated actor operating within the Tetrade banking trojan ecosystem. Indicators include domains, IP addresses, URLs, and file hashes associated with the malware infrastructure. There is no vendor advisory or patch information available, and no known exploits in the wild have been reported.
Potential Impact
The malware enables financially motivated fraud targeting Brazilian banks and crypto exchanges by allowing attackers to remotely control infected systems, capture keystrokes, stream screens, overlay fake banking interfaces, and intercept Pix QR codes. This can lead to unauthorized transactions and financial theft from victims. The targeting is highly specific to Brazilian financial institutions, increasing the risk to customers of those entities. There is no evidence of widespread exploitation beyond this targeted scope.
Mitigation Recommendations
Patch status is not yet confirmed — check the vendor advisory for current remediation guidance. Since this is malware with no direct patch, mitigation should focus on detection and removal using updated endpoint protection solutions capable of identifying polymorphic payloads and fileless PowerShell activity. Network defenses should monitor and block known malicious domains, IPs, and URLs associated with the threat. User education on phishing and suspicious downloads is recommended to reduce infection risk. No official fix or vendor advisory is currently available.
Indicators of Compromise
- domain: windowsk-cdn.com
- ip: 162.141.111.227
- domain: c.windowsk-cdn.com
- hash: 38dfeb772afbd01c04eddda120d283acfb1147a6dc3d54ac62fe23ad06e39d8f
- hash: 4912b1134e69ade7266e8508eec33ccb2d80ad693f1dbc4f1f4344c6dfcf2ff1
- hash: d7545b6dacebdae27effb3c778c5e349027ec789c76ae4f777bd9ba56a70cdaa
- hash: ecdc8fade561a75d68235859ad8b1fe131db2c458b4894268e38e90ecab1c47f
- url: http://24.199.90.58/payload.php
- url: http://24.199.90.58:80/payload.php
- url: https://convitemundial2026.com/Consultar_NF-e.bat
- domain: convitemundial2026.com
Inside Banana RAT: From Build Server to Banking Fraud
Description
An MDR investigation successfully mapped the complete operational infrastructure of Banana RAT, a Brazilian banking trojan operated by threat cluster SHADOW-WATER-063. The investigation uncovered both server-side and client-side components, revealing a sophisticated FastAPI-based polymorphic payload generation system that produces hash-unique builds to evade detection. The malware employs layered obfuscation, AES-wrapped payloads, and fileless PowerShell execution. Once deployed, it enables operator-driven fraud through remote input control, keylogging, screen streaming, bank-branded overlays, and Pix QR code interception specifically targeting Brazilian financial institutions. The tooling exclusively targets 16 Brazilian banks and crypto exchanges, with all operator artifacts written in Brazilian Portuguese, indicating a financially motivated actor operating within the Tetrade banking trojan ecosystem.
AI-Powered Analysis
Machine-generated threat intelligence
Technical Analysis
Banana RAT is a sophisticated Brazilian banking trojan linked to the SHADOW-WATER-063 cluster. It features a FastAPI-based polymorphic payload generation system that produces hash-unique builds to avoid detection. The malware uses layered obfuscation techniques, AES-wrapped payloads, and fileless PowerShell execution to maintain stealth. Once deployed, it facilitates operator-driven fraud through multiple capabilities including remote input control, keylogging, screen streaming, bank-branded overlays, and Pix QR code interception. The trojan exclusively targets 16 Brazilian banks and cryptocurrency exchanges. Operator artifacts are in Brazilian Portuguese, indicating a financially motivated actor operating within the Tetrade banking trojan ecosystem. Indicators include domains, IP addresses, URLs, and file hashes associated with the malware infrastructure. There is no vendor advisory or patch information available, and no known exploits in the wild have been reported.
Potential Impact
The malware enables financially motivated fraud targeting Brazilian banks and crypto exchanges by allowing attackers to remotely control infected systems, capture keystrokes, stream screens, overlay fake banking interfaces, and intercept Pix QR codes. This can lead to unauthorized transactions and financial theft from victims. The targeting is highly specific to Brazilian financial institutions, increasing the risk to customers of those entities. There is no evidence of widespread exploitation beyond this targeted scope.
Mitigation Recommendations
Patch status is not yet confirmed — check the vendor advisory for current remediation guidance. Since this is malware with no direct patch, mitigation should focus on detection and removal using updated endpoint protection solutions capable of identifying polymorphic payloads and fileless PowerShell activity. Network defenses should monitor and block known malicious domains, IPs, and URLs associated with the threat. User education on phishing and suspicious downloads is recommended to reduce infection risk. No official fix or vendor advisory is currently available.
Technical Details
- Author
- AlienVault
- Tlp
- white
- References
- ["https://www.trendmicro.com/en_us/research/26/e/banana-rat.html"]
- Adversary
- SHADOW-WATER-063
- Pulse Id
- 6a0ce3af84b924ad15e27920
- Threat Score
- null
Indicators of Compromise
Domain
| Value | Description | Copy |
|---|---|---|
domainwindowsk-cdn.com | — | |
domainc.windowsk-cdn.com | — | |
domainconvitemundial2026.com | — |
Ip
| Value | Description | Copy |
|---|---|---|
ip162.141.111.227 | — |
Hash
| Value | Description | Copy |
|---|---|---|
hash38dfeb772afbd01c04eddda120d283acfb1147a6dc3d54ac62fe23ad06e39d8f | — | |
hash4912b1134e69ade7266e8508eec33ccb2d80ad693f1dbc4f1f4344c6dfcf2ff1 | — | |
hashd7545b6dacebdae27effb3c778c5e349027ec789c76ae4f777bd9ba56a70cdaa | — | |
hashecdc8fade561a75d68235859ad8b1fe131db2c458b4894268e38e90ecab1c47f | — |
Url
| Value | Description | Copy |
|---|---|---|
urlhttp://24.199.90.58/payload.php | — | |
urlhttp://24.199.90.58:80/payload.php | — | |
urlhttps://convitemundial2026.com/Consultar_NF-e.bat | — |
Threat ID: 6a0e52dcba1db47362ca4f6b
Added to database: 05/21/2026, 00:33:32 UTC
Last enriched: 05/21/2026, 00:48:44 UTC
Last updated: 07/29/2026, 17:50:00 UTC
Views: 306
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