The Tycoon 2FA phishing kit has undergone a significant evolution in its tactics, introducing sophisticated evasion techniques to bypass endpoint detection systems and scrutiny from analysts.
By incorporating invisible Unicode characters, custom CAPTCHAs, and anti-debugging mechanisms, the attackers behind this kit are aiming to enhance their phishing campaigns’ longevity while complicating detection efforts.
Advanced Obfuscation Techniques
One of the notable advancements in the Tycoon 2FA phishing kit is its implementation of invisible Unicode characters for obfuscating JavaScript code.
This technique involves using specific invisible Unicode characters Halfwidth Hangul Filler (UTF-16: 0xFFA0
) to represent binary “0” and Hangul Filler (UTF-16: 0x3164
) to represent binary “1.”
By encoding scripts in this way, the payload is rendered invisible to the human eye and static analysis tools, significantly delaying detection.
The decoding process involves reconstructing the obfuscated payload by converting the encoded Unicode characters into binary strings, splitting them into 8-bit segments, and dynamically executing the decoded JavaScript.

This complexity is further enhanced through the use of JavaScript Proxy objects, wherein the payload is hidden within proxy property names.
Execution is deferred until runtime, often contingent on specific conditions being met, making it difficult for security tools to analyze the code effectively before it executes.
These evasive measures not only complicate static analysis but also evade simple pattern-matching approaches traditionally used by cybersecurity teams.
Combined with other techniques, this method introduces a layer of frustration for analysts attempting to reverse-engineer phishing pages.
Transition to Custom CAPTCHA Solutions
Another notable change is Tycoon 2FA’s shift from third-party CAPTCHA services, such as Cloudflare Turnstile, to custom CAPTCHA implementations.
According to the Report, this transition appears to be aimed at reducing detectability and increasing the complexity of automated analysis.
The new CAPTCHA solution leverages HTML5 canvas elements to render randomized characters, background noise, and distortions.
If the verification fails, a new CAPTCHA is generated dynamically; successful verification leads to the submission of form data to an attacker-controlled server.
Additional decoy mechanisms are embedded within this process, such as injecting a decoy webpage using base64-decoded HTML if the server responds unexpectedly.

This customization not only mimics legitimate login workflows but also enables attackers to dynamically reroute victims or serve misleading content.
Such bespoke CAPTCHA implementations make it harder for automated tools and security teams to fingerprint phishing pages, further bolstering the stealth of Tycoon 2FA campaigns.
To hinder analysis by researchers and automated tools, Tycoon 2FA employs anti-debugging JavaScript routines that detect browser automation and prevent common debugging actions.
The kit checks for indicators such as navigator.webdriver
, PhantomJS, and Burp Suite, blocks developer tools shortcuts, disables right-click functionality (thereby preventing “Inspect Element”), and uses timing checks to detect if a debugger pauses the execution.
If suspicious activity or analysis is identified, the script can redirect users to unrelated websites, such as Rakuten’s homepage, effectively derailing further investigation.
These measures make dynamic analysis more challenging and obscure malicious activity, adding yet another layer of complexity for defenders.
The evolution of Tycoon 2FA signals a deliberate shift toward evasion and stealth tactics in phishing campaigns.
While these techniques may not be groundbreaking individually, their combination creates a robust arsenal for attackers to confuse and bypass endpoint detection systems.
Security teams must adopt proactive measures such as behavior-based monitoring, browser sandboxing, and heuristic analysis to detect phishing kits like Tycoon 2FA.
Additionally, deeper inspection of JavaScript patterns and obfuscation methods is crucial to unraveling such tactics.
Tools like CyberChef can assist in decoding obfuscated payloads, while custom YARA detection rules can help identify specific behaviors associated with Tycoon 2FA’s evasion mechanisms.
As phishing kits continue to evolve, defenders must focus on anticipating and countering these increasingly sophisticated tactics to safeguard users and systems effectively.
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