Overview

A cybersecurity report has highlighted the emergence of over 40 fake crypto wallet extensions linked to Russian-speaking attackers, exacerbating investor anxiety in the market. This news comes at a crucial time as the Internet Computer Protocol (ICP) token has fallen below the important psychological marker of $5.00.

Key Points:

• The ICP-USD value plunged by 4.3% amid indications of sophisticated browser extension attacks targeting digital wallets.
• Despite broader market indices dropping less significantly, ICP’s downturn reflects ongoing geopolitical risks that are unsettling the digital asset markets.
• Koi Security, the cybersecurity firm behind the findings, reported that these malicious extensions have been active since April 2025.

Market Impact

Currently, ICP trades at $4.8373, a decrease of 5.18% over the past 24 hours, reflecting an increased selling pressure that coincides with heightened market volatility. To compound matters, the data reveal a distinct bearish channel formation, suggesting that investors are becoming cautious as they navigate this turbulent landscape. Security concerns are likely to shadow the crypto community as threats of impersonation through well-known wallet platforms like MetaMask and Coinbase loom large.

Conclusion

This incident not only highlights potential risks in decentralized systems but also underscores the importance of vigilance and security in managing digital assets.