Threat Analysis: Nemty Ransomware and the Fake PayPal Site

Nemty ransomware analysis

What you should know about the new Nemty ransomware:

  • The new Nemty ransomware strain was discovered by nao_sec on September 7. It was spread through a fake PayPal website. Before this, it was delivered via the RIG exploit kit.
  • The attack starts with the portable executable (PE) file called ‘cashback.exe’, a PayPal-related social engineering trick.
  • Our analysis of this version of ransomware revealed some common traits with Buran and GandCrab ransomware. Like GandCrab, Nemty carries a hidden Easter egg — a photo of Vladimir Putin, the President of the Russian Federation, with an abusive message written over it. The “retired” GandCrab ransomware also had a hidden image with the same text.
  • In addition, the language artifacts found in this ransomware points to the same Russian-speaking authors.
  • This is the first ransomware strain that started using an 8092-bit RSA key, which seems to be unnecessary as a 1024-bit key would be enough to secure the message.
  • It specified the wrong port for the local Tor proxy service.
  • Similar to Buran, the cryptolocker is written in Object Pascal and compiled in Borland Delphi.

Let’s take a close look at the ransomware code to shed light on the malware’s installation process, communication methods, and encryption process.

Static analysis

The ransomware file has four steps of execution.

The first is  ‘cashback.exe’, a PE32 executable file for MS Windows. It is 1,198,936 bytes in size. The code is written in Microsoft Visual C++ and the binary was compiled on October 14, 2013. It has an archive that automatically unpacks when ‘cashback.exe’ launches. To implement this functionality it uses ‘Cabinet.dll’ and its functions like ‘FDICreate()’, ‘FDIDestroy()’, etc. to retrieve the files from the ‘.cab’ archive.

Nemty ransomware Cabinet 1

Nemty ransomware Cabinet 2

SHA-256: A127323192ABED93AED53648D03CA84DE3B5B006B641033EB46A520B7A3C16FC

When the archive is unpacked, three files are revealed.

Nemty files unpacked

The next step of execution is ‘temp.exe’. It’s also a PE32 executable for MS Windows and is 307,200 bytes in size. The code is written in Microsoft Visual C++ and MPRESS packer`s code, too. MPRESS packer is a basic executable packer similar to UPX.

Nemty MPRESS packer

SHA-256: EBDBA4B1D1DE65A1C6B14012B674E7FA7F8C5F5A8A5A2A9C3C338F02DD726AAD

The third step of execution is ‘ironman.exe’. When ‘temp.exe’ is launched, it decrypts the embedded data into the ‘temp’ file and then renames itself to ‘ironman.exe’. It is a PE32 executable, 544,768 bytes in size. The code is compiled in Borland Delphi.

Nemty ironman.exe

SHA-256: 2C41B93ADD9AC5080A12BF93966470F8AB3BDE003001492A10F63758867F2A88

The last step of execution is restarting ‘ironman.exe’. It transforms its code during execution and then launches itself from the memory section. This version of ‘ironman.exe’ is malicious and responsible for encryption.

Attack vector

Nemty ransomware is being distributed via the ‘’ website.


The whole infection chain can be seen in a sandbox on


Cashback.exe – the beginning of the attack

After, ‘cashback.exe’ extracts the ‘.cab’ file within it, it creates a TMP4351$.TMP folder. This folder will be named ‘%TEMP%\IXxxx.TMP’, where ‘xxx’ is a number from 001 to 999.

Nemty cashback.exe

Nemty cashback.exe 2

Its next step is to set a registry key, which looks like this:


“rundll32.exe” “C:\Windows\system32\advpack.dll,DelNodeRunDLL32 "C:\Users\MALWAR~1\AppData\Local\Temp\IXPxxx.TMP\"”

This is used to delete the unpacked files.

Lastly, ‘cashback.exe’ launches the ‘temp.exe’ process.

Nemty launching temp.exe

Temp.exe – the second step in the infection chain

‘Temp.exe’ is the file which was launched by ‘cashback.exe’. It is the second step in the infection chain. The process tries to download AutoHotKey — the automation scripting tool for Windows — and run the script ‘WindowSpy.ahk’ stored in the resource section of the PE file.

Nemty infection chain

The ‘WindowSpy.ahk’ script decrypts the ‘temp’ file into ‘ironman.exe’ using the RC4 algorithm and the password ‘IwantAcake’. The MD5 hashing algorithm is used to derive the key from the password.

Nemty using RC4 algorithm

Following these steps, ‘temp.exe’ launches the ‘ironman.exe’ process.

Ironman.exe – the third step in the infection chain

‘Ironman.exe’ reads the content of ‘iron.bmp’ and then creates ‘iron.txt’ with the cryptolocker code to be executed next.

Nemty ironman.exe

Nemty ironman.exe 2

After that, the malware loads ‘iron.txt’ to memory and runs it as ‘ironman.exe’. Once this is done, the ‘iron.txt’ file is deleted.

‘ironman.exe’ is the main component of the Nemty ransomware. It encrypts the victim's files and the cryptolocker creates the mutex called ‘hate’.

Nemty CreateMutex

Once executed, Nemty detects the victim’s geographical location by opening an internet browser and checking the victim’s IP on Then it obtains the country on[IP]/countryName using the IP address it identified to exclude some regions that should not be infected:

  • Russia
  • Belarus
  • Ukraine
  • Kazakhstan
  • Tajikistan

This can be explained in two ways: either the ransomware developers, supposedly originating from these countries, want to protect themselves from being infected or they want to avoid being prosecuted in their home countries.

If the victim’s IP address does not belong to the list above, their files will be encrypted.

Nemty country exclusion

To prevent file recovery, it then deletes all shadow copies:

Nemty deleting shadow copies

Next, it enumerates the list of files and directories that are not to be encrypted, as well as a list of the file extensions:

  • windows
  • $RECYCLE.BI   
  • rsa                                                              
  • NTDETECT.COM                                                  
  • ntldr                                                              
  • MSDOS.SYS                                                            
  • IO.SYS                                                               
  • boot.ini                            
  • AUTOEXEC.BAT                        
  • ntuser.dat                                                     
  • desktop.ini                                                      
  • CONFIG.SYS                                                                 
  • BOOTSECT.BAK                                                        
  • bootmgr                                                          
  • programdata                                                          
  • appdata                                   
  • osoft                        
  • Common Files
  • log LOG
  • CAB cab
  • CMD cmd
  • COM com
  • cpl CPL
  • exe EXE
  • ini INI
  • dll DDL
  • lnk LNK
  • url URL
  • ttf TTF
  • .txt


To hide URLs and the embedded configuration data, Nemty uses Base64 encoding and the RC4 algorithm with the passphrase “fuckav”.

Nemty obfuscation

Using CryptStringToBinary the decrypting process looks like this:

Nemty decryption process


The Nemty ransomware employs three layers of encryption:

  1. AES-128-CBC for files. The 128-bit AES key is randomly generated and the same one is used for all files. It is stored in the victim’s configuration file. An IV is randomly generated for every file and stored in the encrypted file.
  2. RSA-2048 to encrypt file IVs. The session key pair is generated. The session private key is stored in the victim’s configuration file.
  3. RSA-8192 for configuration data. The master public key is hardcoded and used to encrypt the victim’s configuration data, including the AES file key and the RSA-2048 session private key.

In the first layer of encryption, Nemty generates 32 bytes of random data. The first 16 bytes are used as the AES-128-CBC key.

Nemty AES-128-CBC

The second encryption algorithm is RSA-2048. The key pair is generated by CryptGenKey() and is imported by CryptImportKey() functions.

Nemty RSA-2048

After the session key pair is generated, the public key is imported to an MS Cryptographic Service Provider.

Nemty MS Cryptographic Service Provider

An example of the generated session public key:

Nemty generated session public key

On the next screen, the private key is imported to CSP.

Nemty CSP

An example of the generated session private key:

Nemty generated session private key

The third layer of encryption is RSA-8192. The master public key is encrypted (Base64 + RC4) and stored in the .data section of the PE file.

Nemty RSA-8192

A view of the RSA-8192 key, after decoding Base64 and decrypting RC4 with the passphrase ‘fuckav’, is below.

Nemty decrypting RC4

The complex encryption process can be summed up as:

  1. Generating a 128-bit AES key that will be used to encrypt all files.
  2. Generating a random IV for every file.
  3. Generating an RSA-2048 session key pair.
  4. Decrypting the stored RSA-8192 key with Base64 and RC4.
  5. Encrypting file content with the AES-128-CBC algorithm from the first step.
  6. Encrypting an IV using the RSA-2048 public key and then encode it with Base64.
  7. Adding the encrypted IV to the end of each encrypted file.
  8. Adding the AES key and the RSA-2048 session private key to the victim’s configuration data.
  9. The victim’s configuration data described in the section below are encrypted with the RSA-8192 master public key.

The encrypted file looks like this:

Nemty encrypted file

Examples of encrypted files:

Nemty encrypted file examples

Gathering the victim`s info

The ransomware collects the created secret keys to decrypt the victim`s files, so the attacker will be able to create a decryptor for the encrypted files. In addition, Nemty collects user-related data such as user names, computer names, and a hardware profile.

Nemty info gathering

Also, it calls the next functions: GetLogicalDrives(), GetFreeSpace(), and GetDriveType() to collect information about the victim’s drives.

The collected information is stored in the configuration file. Decoding the strings, we get a list of parameters in the configuration file:

Nemty info parameters

An example of the victim’s configuration:

Nemty victim configuration

Nemty ransom note

The configuration template can be seen as follows:



A short description of the victim`s information is provided in the table below:




The IP address,


Country where the IP address is registered,[IP]/countryName


Computer name


User name


Operating system


True or False. True if Ukraine, Russia, Belarus, Tajikistan or Kazakhstan. In all other cases, false.


Nemty version


Unique identifier for your hardware profile


The generated file extension and victim ID


Unique identifier for the user


The AES key


The session RSA private key


Existing drives in the system


Drive type: fixed, unknown, or removable


Total size


Used size


Free size

Once the data are collected, Nemty stores them in JSON format to the file: %USER%/_NEMTY_<FileID>.nemty. The FileID is randomly generated and is seven characters long. For example: _NEMTY_tgdLYrd_.nemty. The FileID is also added to the end of the encrypted file.

Ransom note

When files are encrypted, the ransom note ‘_NEMTY_[FileID]-DECRYPT.txt’ is dropped to the victim’s Desktop with the following content:

Nemty ransom note

At the end of this file, the encrypted victim`s info is appended.

Nemty encrypted victim data

Network communication

The “ironman.exe” process downloads the Tor browser from and tries to install it.

Then, Nemty tries to send the configuration data to the loopback address, where it expects to have the Tor proxy service running. However, by default the Tor proxy is listening to port 9150, when 9050 is the port number used by the Tor daemon on Linux or the Expert Bundle on Windows. Therefore, the data won’t be sent to the attacker`s server. Instead, a user can upload the configuration file manually by visiting the Tor decryption service through the link specified in the ransom note.

Connecting to the Tor proxy:

Nemty connecting to TOR


‘HTTP GET’ request to

Nemty HTTP Get request

The next screen displays the opened TCP ports which are used by the TORlocal proxy:

Nemty Tor Proxy

The Nemty decryption service in the Tor network:

Nemty decryption services

Then, an encrypted photo (jpg, png, bmp) can be uploaded to test the decryption service.

Nemty file upload

After that, the attacker asks victims to pay the ransom. If a victim does not pay, the price will be doubled.

Nemty file decryption test


At the time of publication, it is impossible to decrypt the files encrypted by Nemty without paying a ransom. The new Nemty variant displayed several shared traits with Buran and GandCrab ransomware, such as compiling the cryptolocker in Borland Delphi and embedding the images with the same text. In addition, it’s the first ransomware that uses an 8092-bit RSA key. That makes no sense as a 1024-bit key would be enough to secure the message. Finally, it specified the wrong port for the local Tor proxy service.

As usual, Acronis Backup and Acronis True Image can protect your computer against Nemty ransomware -- and service providers can protect their customers from it and other ransomware strains with Acronis Backup Cloud. That’s because these cyber protection solutions not only offer backup but also include Acronis Active Protection, our AI-enabled and behavior-based technology that is uniquely able to deal with zero-day ransomware threats.




‘Cashback.exe’ SHA-256: A127323192ABED93AED53648D03CA84DE3B5B006B641033EB46A520B7A3C16FC