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first_img Socket exposes 77 malicious wallet extensions for Firefox, 40 confirmed to steal mnemonic phrases

According to a report by Decrypt, security company Socket released research results linking 77 Firefox extensions to what it calls a "wallet theft factory," with 40 confirmed to have malicious behavior.These extensions disguise themselves as Web3 products like OKX, Rabby Wallet, and TronLink, tricking users into importing wallets through fake wallet interfaces or using modified real wallet code to steal mnemonic phrases and private keys as users input them. Mozilla's signature records show that this activity lasted from March 9 to August 3, and multiple extensions were still online at the time of Socket's report.About half of the extensions displayed realistic wallet interfaces and prompted users to import existing wallets, thereby intercepting the inputted mnemonic phrases or private keys; another 13 were modified versions of Rabby that sent account data stored in wallets to external servers while functioning normally; and 5 specifically collected saved credentials and clipboard content.Additionally, 37 extensions disguised themselves as password generators, dark mode toggles, VPNs, currency converters, and note-taking tools, but actually ran sports score applications sharing the same hardcoded credentials. Nine confirmed malicious extensions were initially released as score applications for sports like football and basketball, with subsequent updates replacing them with wallet theft code.Socket named this activity the "wallet theft factory," but cautioned that it has not confirmed whether all extensions are controlled by the same operator. The Socket team stated that any user who has entered mnemonic phrases or private keys into these extensions should consider it a "permanent leak" and immediately transfer funds to a new wallet, as uninstalling the extensions cannot undo the mnemonic phrases sent elsewhere.

Bank of America: Active long-term funds sold off $44.4 billion in semiconductor stocks last month

On August 25, Bank of America data showed that actively managed long-term funds significantly reduced their holdings in global semiconductor stocks last month, selling approximately $44.4 billion, indicating that institutional funds are withdrawing from the most crowded AI trades. The flow of funds has shifted towards telecommunications, energy, materials, and grid modernization, reflecting a more noticeable redistribution within the AI theme.This set of data explains part of the recent market pressure. Ahead of NVIDIA's earnings report, the market still holds high expectations for AI demand, but semiconductor stocks have previously risen too much, and positions have become more concentrated. Once long-term interest rates rise, AI revenue expectations cool, or the return on capital expenditures for cloud vendors is questioned, the semiconductor sector will be the first to bear the pressure of position reduction. Bank of America also pointed out that the themes that funds sold the most in the past year include AI computing and quantum computing, indicating that funds have not completely left AI but are reducing exposure to highly crowded sectors.Bank of America expects that semiconductor stocks will continue to be influenced in the short term by NVIDIA's performance, cloud vendor guidance, and interest rate trends; in the medium term, funds may be more willing to allocate to sub-sectors such as electricity, equipment, networks, and storage that can share in AI infrastructure spending.

Goldman Sachs: Cryptocurrency trading has fallen for ten consecutive months, and a turning point may be near

According to ChaoXiang Research, a Goldman Sachs report pointed out that cryptocurrency trading volume fell by 30% in July and 21% in August, marking a continuous decline for 10 months, lasting longer than the median of the previous five cycles. The trading volume has dropped by 75% from its peak, while the cryptocurrency market value rebounded by 21% in the past week. Goldman Sachs believes that if the market value maintains at the current level, a turning point in trading volume may appear.On the regulatory front, 35% of institutional investors view regulatory uncertainty as the biggest obstacle, while 32% believe that regulatory clarity is the primary catalyst. The SEC recently proposed an innovation exemption, and over 10 new digital asset companies received OCC bank licenses in 2026, with more than 15 cryptocurrency firms included in the federal banking system. Cryptocurrency companies are expected to reduce costs by an average of about 5% in 2026, driving an increase in operating profit margins of about 5.8 percentage points.Goldman Sachs holds a cautiously optimistic view for the second half of the year, with sector valuations at the 30th percentile over the past five years. They recommend COIN (target price $196), HOOD ($124), IBKR ($114, Goldman Sachs' U.S. conviction list), and FIGR ($43). The logic for the three types of assets is different: traditional brokerages look for a reversal in September, predicting the market based on the election cycle, while cryptocurrency targets have three catalysts: market value rebound, cost reduction, and regulatory reform.

The head of Zondacrypto faces fraud charges and seeks a reduced sentence in exchange for testimony

Przemysław Kral, the head of the Polish cryptocurrency exchange Zondacrypto, is reportedly facing criminal charges for involvement in a large-scale fraud and has begun cooperating with Polish prosecutors. According to Polish media Onet, Kral is seeking a reduced sentence in exchange for testimony, which may involve Zondacrypto's funding of right-wing political figures.Prosecutors estimate that Zondacrypto customers have lost at least 2.4 billion Polish złoty (approximately 650 million USD). Investigators claim that the exchange only used a portion of customer funds to purchase cryptocurrencies, while the remaining funds were transferred to private accounts controlled by Zondacrypto's management. Kral has remained silent on X since mid-April when he publicly disclosed that Zondacrypto could not access a cold wallet holding approximately 4,500 bitcoins. He denies misappropriating funds, stating that the private keys for the wallet were supposed to be handed over by Zonda's founder and former CEO Sylwester Suszek, who has been missing since 2022.Reports also state that Zondacrypto was a major sponsor of the Polish CPAC conference, which took place before the second round of the presidential election, ultimately won by Karol Nawrocki. The exchange spent 37 million złoty on advertising with the broadcasting station Telewizja Republika in the last year, while Kral's company also made payments to foundations associated with politicians Zbigniew Ziobro and Przemysław Wipler.
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