A new Android banking Trojan called ToxicPanda has emerged, targeting Europe and Latin America. Originating from Chinese-speaking threat actors, it has infected over 1500 devices across Italy, Portugal, Spain, and other countries. ToxicPanda exploits accessibility services for account takeovers and on-device fraud. It can intercept OTPs, remotely control devices, and collect sensitive data. The malware uses AES encryption for C2 communication and has a sophisticated control panel. While less advanced than some trojans, ToxicPanda's expansion into new regions marks a significant shift in the threat landscape.