- Microsoft has identified a malware threat targeting 20 crypto wallets through Google Chrome
- Major crypto losses attributed to security breaches and hacks
In recent news, Microsoft has raised concerns about a new security risk that could compromise 20 crypto wallets accessed via Google Chrome extensions. According to a report, the ‘StilachiRAT’ malware allows remote access to PCs, enabling it to steal users’ credentials, including digital wallets.
Some of the vulnerable wallets include Phantom, Bitget, Trust, MetaMask, BNB Chain, OKX, Sui, and Coinbase wallets, among others.
While the malware’s footprint is not extensive, its stealth capabilities are concerning, prompting users to safeguard their crypto assets.
Solana-based Phantom Wallet has already acknowledged the threat and advised users to enhance security measures by using password managers, updating anti-virus software, and avoiding copying private keys.
Crypto losses
Bybit recently lost $1.5 billion due to a security breach linked to North Korean threat actors, accounting for half of the total reported lost funds in 2024, as per data from Web3 security firm PeckShield.
Source: PeckShield
According to PeckShield, hacks contributed to 70% of total lost funds in the past year, surpassing losses from scams. This highlights the importance of enhancing security measures to prevent such breaches.
Out of over $3 billion lost in crypto funds in 2024, less than $500 million was recovered, emphasizing the need for proactive security measures to prevent losses that may be challenging to recover.