perp-funding-ratesRubyGems
Advisory published Updated
perp-funding-rates is a confirmed malicious RubyGems package (MAL-2026-17793) that steals credentials and exfiltrates sensitive data (malicious version 0.9.1). Do not install it — remove it immediately and rotate any exposed credentials.
Malicious code in perp-funding-rates (RubyGems)
What this malware does
The gem's native-extension script ext/perp_funding_rates/extconf.rb contains no real build logic: it declares create_makefile('bitcoin_rpc_lite_native') but ships no C/C++/Rust sources, and the gemspec/library name (perp-funding-rates / PerpFundingRates) does not match the README (bitcoin-rpc-lite) — the extension exists solely to execute code at install time. During gem install, extconf.rb base64-decodes a Ruby payload and eval()s it inside a double-forked, detached, delayed child process. The decoded payload opens a TCP socket to the hardcoded bare-IP C2 at 45.138.12.177:8089 and bridges it to /bin/sh, giving the operator an interactive shell on the installer's machine. Execution is gated by sandbox/CI/user/path/uptime heuristics and only triggers when developer-signal files such as ~/.ssh, ~/.gem/credentials, ~/.gitconfig, ~/.npmrc, or ~/.bundle are present on the host, targeting developer workstations and build systems. The base64+eval obfuscation, 20-40 minute sleep before dial-out, double-fork detachment, and cloned-identity cover story are consistent with a targeted developer-compromise dropper, not a legitimate native build.
The OpenSSF Package Analysis project identified 'perp-funding-rates' @ 0.9.1 (rubygems) as malicious.
It is considered malicious because:
- The package executes one or more commands associated with malicious behavior.
Malicious versions
Indicators of compromise (SHA-256)
Detection & response playbook
Credential / info stealerFind it
Search your lockfiles and build artifacts for perp-funding-rates (version 0.9.1).
If you installed it — respond
perp-funding-rates is built to steal secrets, so assume every credential the build or runtime could read is compromised. Remove it from your project and lockfile, then rotate ALL exposed secrets — npm/registry tokens, cloud keys, CI/CD secrets, SSH keys, and any .env values — from a known-clean machine. Audit logs for unauthorized use of those credentials.
Did it already run?
If perp-funding-rates was installed, its post-install payload may already have run. Removing the package does not undo that — check outbound connections and credential use from the install window onward.
Frequently asked questions
Campaign
References
Credits
- Amazon Inspector · finder
- OpenSSF: Package Analysis · finder
Detect & block this
O3 blocks perp-funding-rates-class packages before install and in CI — and if it already ran, its runtime egress monitoring catches the credential exfiltration and severs the channel.