Silver Fox is linked to the distribution of a backdoor malware called ValleyRAT, disguised as the legitimate QN Wallpaper adware application. Once installed, ValleyRAT provides complete control over the compromised machine. The malware uses DLL sideloading to operate under the guise of a legitimate process, bypassing security measures. It disables Windows Defender and adds itself to autorun entries, and can mark its process as critical, causing system crashes if terminated. Kaspersky has identified specific indicators of compromise (IoCs) including hashes, command-and-control servers, and associated domains. In 2026, Kaspersky recorded over 100,000 detections of ValleyRAT affecting more than 1,500 unique users, mainly in China and India.