This looks like debug or logging string builder which no one would give it a second look while glancing over it.
Hashes and binary blobs will look out of place, same thing goes for intentionally obfuscated secure string builder.
When you put in a back door the best one will always be the shortest possible complicating it will only increase the likelihood of it being detected.
The sign of a true high level adversary isn't overly complicated and obfuscated software but one which is remarkably simple and elegant whilst still achieving the desired functionality.
Obfuscation and complexity screams cyber criminals which care more about covering their own trail than ensuring functionality.