What is UnrealTraceServer.exe?

What is UnrealTraceServer.exe and why does it behave like malware and keeps running on my system indefinietly even after I close the engine?

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It’s part of the performance analysis and debugging tools in UE5. Unreal insights I think? It’s not malware, but it is listening for things that call out to it. Feel free to correct me if I’m wrong.

It should close after exiting UE, but for some reason it doesn’t. Hopefully they fix that in the future. For now, you can just close it from the task manager.