It seems that a lot of effort is being put into spreading this proxy, so the intentions behind it are probably serious cracking and spamming attempts.
It’s the strangest thing nowadays.. This worm seems not to have any destructive intention. It is only spreading. We say it’s strange because usually no more malware is out there without having a negative effect on the victims PC, be it downloading other applications, infecting or deleting files, running backdoors and rootkits, you name it. It uses the most basic hiding methods, merely setting hidden and read only attributes on its own file(s). It also copies itself into your windows and windowssystem32 directories and adds some registry entries to run on system startup. It is spreading through removable drives and uses autorun.inf files to execute itself.