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Mustang Panda Emerges With New TTPs

Apr 25, 2025 1:46:23 PM / by The Hivemind posted in Threat Bulletin, China, TTPs, Mustang Panda, ToneShell, StarProxy

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Verticals Targeted: Government, Military, NGOs
Regions Targeted: Myanmar, East Asia, Europe

Executive Summary

Mustang Panda has enhanced its arsenal with updated ToneShell backdoor variants and a new lateral movement tool, StarProxy, targeting organizations in Myanmar and other regions. These tools employ advanced evasion techniques, including FakeTLS protocols and DLL sideloading, to facilitate espionage.

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