Russian Malware Campaign Adds Downward Pressure to Internet Computer's ICP Token

A cybersecurity report linking fake crypto wallet extensions to Russian-speaking attackers has worsened market jitters as ICP breaks below $5 support. Internet Computer Protocol ICP$4.7422 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 40 fake Firefox add-ons designed to mimic popular wallets like MetaMask and Coinbase. These extensions, some of which remain live in browser stores, are believed to have stolen sensitive credentials from unsuspecting users since at least April 2025. Technical metadata and language artifacts in the attack infrastructure point to Russian-speaking actors, according to Koi. These findings added a new layer of concern for crypto investors already navigating macroeconomic uncertainty and fragmented global regulation. ICP’s price reaction was swift, with the token falling through key support at $5.00, according to CoinDesk Research's technical analysis model. The bearish move was amplified by increased trading volumes during key selloffs at 12:00 and 20:00 UTC on July 3. The coin’s vulnerability to broader risk sentiment was on full display, as the cyber threat narrative intersected with elevated volatility to push prices sharply lower. The fake wallet attack — by exploiting the same trust layer users depend on to store digital assets — has heightened awareness around security risks in decentralized ecosystems. For projects like Internet Computer, which promote on-chain infrastructure and self-custody, the reputational risk from these types of exploits can weigh heavily on investor sentiment even when not directly tied to the protocol itself.Technical Analysis Highlights All times cited are UTC. Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy. Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE. CoinDesk Analytics is CoinDesk's AI-powered tool that, with the help of human reporters, generates market data analysis, price movement reports, and financial content focused on cryptocurrency and blockchain markets. All content produced by CoinDesk Analytics is undergoes human editing by CoinDesk's editorial team before publication. The tool synthesizes market data and information from CoinDesk Data and other sources to create timely market reports, with all external sources clearly attributed within each article. CoinDesk Analytics operates under CoinDesk's AI content guidelines, which prioritize accuracy, transparency, and editorial oversight. Learn more about CoinDesk's approach to AI-generated content in our AI policy. https://www.coindesk.com/markets/2025/07/04/russian-malware-campaign-adds-downward-pressure-to-internet-computer-icp #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptonewstoday ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! This information is what was found publicly on the internet. This information could’ve been doctored or misrepresented by the internet. All information is meant for public awareness and is public domain. This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts. Please take this information and do your own research. bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple