The host at this IP address is obviously operated by cybercriminals. It is running a malware botnet controller which is being used to control infected computers (bots) around the globe using a trojan horse.
Malware botnet controller located at 167.71.7.168 on port 7707 TCP:
$ telnet 167.71.7.168 7707
Trying 167.71.7.168…
Connected to 167.71.7.168.
Escape character is ‘^]’
Referencing malware samples (MD5 hash):
2ac7598a9293772d8214a981d209ad2c — AV detection: 24 / 69 (34.78%)