This technical report details the evolution of the P2PInfect botnet, which has been identified as targeting misconfigured Redis servers with ransomware and cryptocurrency miners. The report outlines the botnet's operational mechanics, including its peer-to-peer structure where each infected machine functions as a node, facilitating the spread of malware across the network. The document explains how P2PInfect exploits Redis server vulnerabilities, transforming victim systems into follower nodes that allow the attacker to execute arbitrary commands. It also describes the botnet's recent updates, which include the introduction of a ransomware payload designed to encrypt files and demand a ransom. Additionally, the report lists several indicators of compromise, including specific IP addresses and file hashes associated with the botnet's activity. Recommendations for mitigating the threat are provided, emphasizing the importance of blocking identified threats, updating software, and implementing strong security measures.