👩💻Microsoft recently discovered a new remote access Trojan targeting cryptocurrencies via 20 wallet extensions on Google Chrome.
This threat poses a major risk to users of Coinbase Wallet and MetaMask.
The malware steals credentials and private keys, which could lead to significant financial losses.
The crypto industry is incredibly dysfunctional regarding exploits and hacks, and unfortunately, I do not know if it will manage to regulate itself without government intervention imposing strict regulations, even though this may harm the entire sector.
Recently, several supposedly "decentralized" protocols have seen nearly 100% of their monthly volume/fees coming from activities related to North Korea (DPRK), while refusing to take any responsibility.
Centralized platforms do not do any better: when illicit funds pass through them, some take several hours to react, while it only takes a few minutes to launder that money.
Transaction tracking systems (KYT) are deeply flawed and easily circumvented.
Similarly, identity verification procedures (KYC) have become a trap for ordinary users due to data leaks and internal compromises.
They are often ineffective, as verified accounts can be purchased illegally.
The recent laundering of 1.4 billion dollars by North Korea (DPRK) following a hack has highlighted just how flawed this system is.🕵♀️
