Russian Malware Campaign Adds Downward Pressure to Internet Computer's ICP Token
2025-07-04 10:16:58
Main Idea
Internet Computer's ICP token dropped significantly due to a cybersecurity report linking fake crypto wallet extensions to Russian-speaking attackers, exacerbating market concerns.
Key Points
1. ICP dropped 5.18% to $4.8373 on July 4, 2025, amid evidence of a sophisticated browser extension attack targeting crypto wallets.
2. Researchers identified over 40 fake Firefox add-ons mimicking popular wallets like MetaMask and Coinbase, linked to Russian-speaking actors.
3. The token's price fell through key support at $5.00, with increased trading volumes during selloffs at 12:00 and 20:00 UTC on July 3.
4. Sharp selloffs occurred at specific times, accompanied by above-average volume, highlighting heightened volatility.
5. Temporary support emerged at $4.88 around 06:30 on July 4, followed by a mild recovery stalling at $4.89.
Description
Internet Computer Protocol (ICP) is trading at $4.8373, down 5.18% in the past 24 hours, while the broader crypto market as gauged by the CoinDesk 20 Index dropped only half as much. ICP faced renewed selling pressure as geopolitical risks and cybersecurity threats rattled digital asset markets. The decline comes amid troubling findings from cybersecurity firm Koi Security, which uncovered a network of malicious browser extensions targeting cryptocurrency users. The report identified more than 4...
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