Thank you Bruni,
It appears that this is a part of the Bitlord program (a torrent downloading program) that AVG recognizes as a threat. I ran Malware Bytes' program and it quarantined everything, then I ran Bitlord again and there was no threat detected, AVS ran again and did not recognize anything as a threat either.
I ran the Malware Bytes Anti_malware scan once again and it detected nothing... I guess it's fixed?!
Thanks again