Coin Market

New MassJacker malware targets piracy users, steals crypto

Published

11 hours ago

March 14, 2025

A previously unknown type of cryptojacking malware called MassJacker is targeting piracy users and hijacking crypto transactions by replacing stored addresses, according to a March 10 report from CyberArk.

The cryptojacking malware originates from the website pesktop[dot]com, where users seeking to download pirated software may unknowingly infect their devices with the MassJacker malware. After the malware is installed, the infection swaps out crypto addresses stored on the clipboard application for addresses controlled by the attacker.

According to CyberArk, there are 778,531 unique wallets linked to the theft. However, only 423 wallets held crypto assets at any point. The total amount of crypto that had either been stored or transferred out of the wallets amounted to $336,700 as of August. However, the company noted that the true extent of the theft could be higher or lower.

One wallet, in particular, seemed active. This wallet contained just over 600 Solana (SOL) at the time of analysis, worth approximately $87,000, and had a history of holding non-fungible tokens. These NFTs included Gorilla Reborn and Susanoo.

A look into the wallet on Solana’s blockchain explorer Solscan shows 1,184 transactions dating back to March 11, 2022. In addition to transfers, the wallet’s owner dabbled in decentralized finance in November 2024, swapping various tokens like Jupiter (JUP), Uniswap (UNI), USDC (USDC), and Raydium (RAY).

Crypto malware targets array of devices

Crypto malware is not new. The first publicly available cryptojacking script was released by Coinhive in 2017, and since then, attackers have targeted an array of devices using different operating systems.

In February 2025, Kaspersky Labs said that it had found crypto malware in app-making kits for Android and iOS. The malware had the ability to scan images for crypto seed phrases. In October 2024, cybersecurity firm Checkmarx revealed it had discovered crypto-stealing malware in a Python Package Index, which is a platform for developers to download and share code. Other crypto malware have targeted macOS devices.

Rather than having victims open a suspicious PDF file or download a contaminated attachment, attackers are getting sneakier. One new “injection method” involves the fake job scam, where an attacker will recruit their victim with the promise of a job. During the virtual interview, the attacker will ask the victim to “fix” microphone or camera access issues. That “fix” is what installs the malware, which can then drain the victim’s crypto wallet.

The “clipper” attack, in which malware alters cryptocurrency addresses copied to a clipboard, is less well-known than ransomware or information-stealing malware. However, it offers advantages for attackers, as it operates discreetly and often goes undetected in sandbox environments, according to CyberArk.

Magazine: Real AI use cases in crypto, No. 3: Smart contract audits & cybersecurity

Coin Market

'Very possible' Bitcoin consolidates for 8 months again: 10x Research

Published

1 hour ago

March 15, 2025

10x Research’s head crypto researcher isn’t ruling out Bitcoin repeating its 2024 price action, where it spent much of the year consolidating after hitting all-time highs early on.

“Very possible,” Markus Thielen told Cointelegraph when asked what the chances of Bitcoin (BTC) repeating a similar market movement to 2024, where it reached an all-time high of $73,679 in March before entering a consolidation phase, swinging within a range of around $20,000 up until Donald Trump was elected as US president in November.

Bitcoin’s current chart signals “market indecision”

Thielen said he had this thought even two months ago, around the time Bitcoin hit its current all-time high of $109,000 on the day of Trump’s inauguration.

He explained in his most recent market report on March 15 that Bitcoin’s current chart resembles a “High and Tight Flag,” which, despite typically being a bullish continuation pattern, shows signs of weakness.

Bitcoin’s price chart is forming a High, Tight Flag Pattern. Source: 10x Research

“Two flags instead of a single, precise formation weakens this setup,” Thielen said.

“As a result, the pattern currently suggests market indecision rather than a straightforward bullish consolidation,” he added.

Meanwhile, he also pointed out that the spot Bitcoin exchange-traded fund (ETF) market shows no signs of a “buy-the-dip” mentality.

“Little incentive” to take advantage of Bitcoin’s recent price dip

“This aligns with our view that most ETF flows came from arbitrage-driven hedge funds. Given the persistently low funding rates, there’s little incentive or willingness to deploy additional capital despite the recent price correction,” Thielen said.

Since the beginning of March, when Bitcoin fell below $90,000, spot Bitcoin ETFs in the US have recorded total outflows of around $1.66 billion, according to Farside data.

Bitcoin is trading at $84,290 at the time of publication, according to CoinMarketCap. This represents a 23% decline from its $109,000 January all-time high.

Bitcoin is down 12.86% over the past month. Source: CoinMarketCap

Thielen is unsure if Bitcoin’s uptrend will resume in the short term. ”Therefore, it may be prudent to close short positions at this stage, although there remains little evidence to support a strong price recovery,” Thielen said.

Ever since Bitcoin fell below $80,000 on Feb. 28 — the first time since November — amid growing macroeconomic uncertainty over US President Donald Trump’s proposed tariffs, several crypto analysts have been predicting further downfall for the asset.

On March 10, BitMEX co-founder and Maelstrom chief investment officer Arthur Hayes said “it looks like Bitcoin will retest $78,000.” “If it fails, $75,000 is next in the crosshairs,” he added.

Meanwhile, Iliya Kalchev, dispatch analyst at digital asset investment platform Nexo, told Cointelegraph on March 11 that the low $70,000 range could “provide a foundation for a more sustainable recovery.”

Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why

Coin Market

Crypto faces ‘starkest' gap between sentiment and fundamentals: BlockTower

Published

3 hours ago

March 15, 2025

The major disconnect between crypto traders’ growing short-term market uncertainty and crypto builders becoming more bullish than ever creates a prime setup for long-term investors, according to a crypto hedge fund founder.

“This is one of the starkest divergences I’ve seen in sentiment and fundamentals,” BlockTower Capital founder Ari Paul said in a March 14 X post.

Optimism grows among those beyond crypto natives

Paul said that while traders and analysts have turned bearish on crypto recently, crypto developers — and more broadly, those working for crypto companies less focused on the market cycle itself — remain much more bullish.

“All the data points I’m hearing from basically any crypto-related project or company that doesn’t rely on “natives” near-term is positive,” Paul said.

Source: Nic Puckrin

Based on this, he’s confident that crypto is a “good buy” over the “12 month timeframe” but isn’t sure if it has reached a short-term bottom yet. Crypto analyst Matthew Hyland recently said the only way for Bitcoin to confirm that the bottom is actually in would be to close a week back above $89,000.

However, on March 14, the broader crypto market rose slightly, giving traders a bit more short-term confidence.

Bitcoin (BTC) spiked 3.16% to $84,638 over the 24 hour period, while Ether (ETH) rose 1.79% and XRP (XRP) jumped 6.01%, according to CoinMarketCap.

Over the same 24 hours, the Crypto Fear and Greed Index, which measures overall crypto market sentiment, surged 19 points to 46, which is still in the “Fear” zone but nearing neutral territory.

Source: Dan McArdle

MN Trading Capital founder Michael van de Poppe said Bitcoin’s price spike over the past 24 hours has strengthened his confidence in the asset resuming its uptrend by June.

Crypto market presenting opportunity for “sustainable value” investments

“Clearly made a higher low, clearly touching the highs,” van de Poppe said in a March 14 X post.

“It’s very likely that we’re starting a new uptrend on the lower timeframes going into a good Q2,” he added.

Paul also said it may be the right time to explore traditional venture capital crypto investments with a longer-term outlook.

“A good time to be looking for “traditional” style VC crypto investments. By “traditional” I mean longer term, genuinely focusing on sustainable value creation, no quick monetization scheme,” Paul said.

Magazine: Vitalik on AI apocalypse, LA Times both-sides KKK, LLM grooming: AI Eye

Coin Market

Sacks and his VC firm sold over $200M in crypto and stocks before WH role

Published

7 hours ago

March 15, 2025

David Sacks and his venture capital firm offloaded over $200 million in crypto and crypto-related stocks before he commenced his role as the White House AI and crypto czar, a White House memorandum disclosed.

“You and Craft Ventures have divested over $200 million of positions related to the digital asset industry, of which $85 million is directly attributable to you,” said the memorandum dated March 5.

Crypto sell-off in an effort to prevent conflict of interest

The memorandum said the “significant steps” were taken to reduce potential conflicts of interest before Sacks began his tenure as the White House AI and crypto czar — in which a major part of his role is to help create a legal framework for the crypto industry.

Sacks offloaded all the “liquid cryptocurrency” in his portfolio, as well as Craft Ventures’ portfolio — the investment firm he co-founded in 2017 — including holdings in Bitcoin (BTC), Ether (ETH), and Solana (SOL) before US President Donald Trump’s inauguration on Jan. 20.

The memorandum outlined which cryptocurrencies and crypto-related stocks David Sacks sold prior to Trump’s inauguration. Source: The White House

Sacks also divested from publicly traded crypto-related firms, including Coinbase (COIN), Robinhood (HOOD), and stakes in private digital asset companies.

Additionally, he sold his limited partner interest in Solana-focused Multichain Capital and crypto-focused venture capital firm Blockchain Capital. At the same time, Craft Ventures offloaded its holdings in Multichain Capital and Bitwise Asset Management.

Sen. Warren urged Sacks to prove he no longer holds crypto

The memorandum is dated one day before Massachusetts Senator Elizabeth Warren urged Sacks in a March 6 letter to prove he no longer holds any digital assets, following Sacks’ claim in an X post that he sold off all his crypto.

“Despite your public statements via X, it remains unclear exactly when you personally divested from BTC, ETH, and SOL, when Craft Ventures divested from Bitwise, and whether people close to you ‘may have held positions and sold into the recent price surge,” Warren said.

Since Sacks commenced the role, he has been a strong vocal advocate on various issues in the crypto industry, from the importance of a Strategic Bitcoin Reserve to not over-taxing the crypto industry.

Sacks recently shut down the idea of crypto transaction taxes on an episode of the All In Podcast after host Jason Calacanis proposed charging a 0.01% tax on every cryptocurrency transaction.

“That’s always how taxes start. They are described as being very modest,” Sacks said.

“You know, when the income tax started, it only applied to like a thousand Americans, and the legislators swore up and down that it would never be applied to middle-class people,” Sacks added.

Magazine: Crypto fans are obsessed with longevity and biohacking: Here’s why