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Netcat (nc) is a utility for making network connections, but is also used—as in this case—to establish remote access by malicious actors. It's convenient for that, too, because it's already present on most Linux systems.
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Looked into the /proc issue a bit: seems like with recent #react2shell exploit activity, bind mounts have been used to hide malicious process info. attack.mitre.org/techniques/T...
attack.mitre.orgHide Artifacts: Bind Mounts, Sub-technique T1564.013 - Enterprise | MITRE ATT&CK®