This Trojan is intended to steal money from the bank accounts of Android-powered devices' owners. It is written using the Monodroid platform, therefore most of the malicious functionality of Android.BankBot.1 is implemented in the Linux libraries and located outside the main executable dex file of the malicious application.
The Trojan is spread by means of short messages containing its download link. Example: Hey! Look at this photo http://[xx].cc/[xxxx]ge.