From a technical standpoint, Exloader and the modifications it hosts are frequently flagged by antivirus programs as "Malicious" or "Trojan." Developers of such software often claim these are false positives caused by how the program injects code into game files. While it is true that game hooks behave similarly to malware, this creates a dangerous gray area. When a user whitelists Exloader to bypass their security, they are essentially lowering their defenses for an unverified third-party application. This provides a perfect "backdoor" for actual malware, such as keyloggers or token grabbers, to steal personal data, passwords, or credit card information without the user's knowledge.

Because Exloader is often used to load third-party DLLs (cheats/scripts) acquired from other developers, it creates a security bridge. If a user downloads a malicious DLL and loads it via Exloader, the malware runs within the context of the game or the system. In this scenario, Exloader is the tool , but the content is the threat.

Even if one version is benign, the next update or download link could be weaponized. The potential cost—losing your gaming accounts, personal files, or having your PC used in a botnet—far outweighs any temporary benefit of free cheats or cracked software. When it comes to Exloader, the only winning move is not to run it.

Users have documented instances of Trojans being detected by Windows Defender immediately after using ExLoader-bundled cheats, such as Enigma v1.1.

: Technical sandbox analyses on ANY.RUN found that versions of the software exhibit behavior consistent with the RedLine Stealer , which targets web browser credentials and personal data.