Government Agencies Warn of New Malware Targeting Crypto Wallets and Exchanges, with Nearly $1 Billion Lost in Exploits
Summary:
Government agencies in the US and UK warn of a new malware called "Infamous Chisel" targeting crypto wallets and exchanges. The malware is linked to Russia's Sandworm cyberwarfare unit. It extracts data from popular exchange applications, including Binance and Coinbase. This year, nearly $1 billion has been lost to crypto exploits, with $45 million lost in August alone.
Government agencies in the United States and the United Kingdom have issued a joint advisory report warning users about a new malware targeting cryptocurrency wallets and exchanges. The malware, known as "Infamous Chisel," has been linked to the cyberwarfare unit Sandworm, which operates under Russia's military intelligence agency. The report highlighted that Sandworm has been specifically targeting Android devices used by the Ukrainian military, extracting information through the malware. Notably, the malware has been found to extract data from directories associated with popular exchange applications such as Binance, Coinbase, and Trust Wallet. The report also mentioned that the malware's developers did not prioritize concealing malicious activity, potentially due to the absence of host-based detection systems for Android devices. Meanwhile, in 2023, nearly $1 billion has been lost to various crypto-related exploits, hacks, and scams, with $45 million lost in August alone. However, these losses were significantly lower than the previous month, where over $486 million worth of digital assets were compromised.
Published At
9/1/2023 12:38:11 PM
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