Threat actors are using FTP server banners as dead-drop resolvers to conceal commands that deliver two newly documented Windows remote access trojans, E4del and PINHOLE. Researchers said the campaign has been active since early July and likely begins with phishing-delivered ZIP archives containing LNK files, which trigger PowerShell-based retrieval of malicious content from FTP banner responses instead of more typical web infrastructure.
The two payloads diverge after initial access. E4del is a Node.js RAT disguised as a signed Discord-themed Electron application and supports command execution, screenshot capture, and payload download, while PINHOLE uses Pinterest pins and SurveyMonkey surveys to obtain command-and-control configuration and relies on in-memory execution, shellcode fluctuation, and Early Bird APC injection to evade detection. Researchers described the FTP-banner technique as novel but less stealthy than web-based dead-drop resolvers because outbound FTP traffic to unfamiliar servers is more likely to stand out, and they published indicators of compromise to help defenders identify related infrastructure and infected hosts.

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SOCRadar said it identified new malicious infrastructure tied to the FTP-banner malware delivery technique as recently as August 2026, indicating the campaign was still active. The infrastructure supported delivery of the E4del and PINHOLE remote access trojans.
SOCRadar reported that FOFA searches indicated the FTP-banner command-delivery technique had been weaponized since early July 2026. The campaign used ZIP and LNK-based infection chains, likely initiated through phishing, to deliver the previously undocumented E4del and PINHOLE RATs.
MalwareHunterTeam observed attackers using .LNK shortcut files together with FTP server banners as dead-drop resolvers in July 2026. This appears to be the earliest explicit observation of the campaign technique in the provided sources.
SOCRadar disclosed technical details on the novel use of FTP server banners to deliver the E4del and PINHOLE RATs and published indicators of compromise to help defenders identify related infrastructure and infected hosts. The report described E4del as a Discord-themed Node.js RAT and PINHOLE as a more advanced RAT using Pinterest and SurveyMonkey for C2 configuration.
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