The malware, part of a family of threats known as "clipboard hijackers," secretly gains control of memory, running in the background to ensure users do not notice its presence. It then replaces the Bitcoin address that the user has copied into the clipboard with the address of the attacker, which the user later unknowingly pastes and sends their coins to.

"Unless a user double-checks the pasted address, they will have no idea that this swap took place," Bleeping Computer notes, adding an explanatory video about how the malware works.

Bitcoin users face a variety of vulnerabilities when using hardware to transact, regardless whether this is an Android smartphone, Windows PC or other device.

As Cointelegraph has frequently reported, the list of threats continues to grow, even incorporating emails, while other malicious entities swap out destination addresses in different ways.