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The software is currently attacking sixteen countries.
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215 banking apps, 110 cryptocurrency exchange platforms, and 94 crypto wallets have been confirmed to be infected.
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The United States, Turkey, and Spain are the most common locations for trojan activity.
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The trojan displays fake versions of popular cryptocurrencies and financial applications on infected devices.
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Users unaware of the trojan can expose their sensitive data to fraudsters and risk losing their funds.
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GodFather also allows hackers to capture the screen of the victim's smartphone or tablet, launch keyloggers, and send SMS from infected devices.
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The Group-IB findings show that the malware code can block attacks from Russian-speaking countries and other former Soviet Union countries.
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This could suggest that GodFather's creators are Russian or from one of the ex-Soviet states.