Market News

Russia's Cyber Threat Intensifies Pressure on Internet Computer's ICP Token

The Internet Computer Protocol (ICP) has experienced a notable decline, trading at $4.8373, down 5.18% in the past 24 hours.

This drop is occurring under the weight of geopolitical risks, particularly a recent malware campaign that has raised alarms in the crypto community.

Cybersecurity firm Koi Security has reported the discovery of over 40 malicious browser extensions that have targeted cryptocurrency users by pretending to be legitimate wallets like MetaMask and Coinbase.

The report suggests that these fake add-ons have been stealing sensitive information since at least April 2025, with ties indicating involvement from Russian-speaking actors.

As a result, ICP has broken through significant support levels, falling below the crucial $5.00 mark.

Heightened trading volumes during key sell-off periods have underscored the market's negative sentiment, exacerbated by the ongoing cybersecurity threat landscape.

The attack on fake wallets poses a serious risk to trust within decentralized ecosystems, affecting platforms that advocate for self-custody.

For Internet Computer, which hinges on user security and on-chain infrastructure, the reputational damage from these exploits could diminish investor confidence and market performance.

Investors are urged to remain vigilant as they navigate these unsettling dynamics amid broader macroeconomic uncertainties and evolving regulations in the crypto space.

Understanding the implications of cybersecurity threats is increasingly essential for anyone involved in the cryptocurrency market.