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Crypto Security Alert: North Korean Hackers Target MetaMask & Phantom Wallets as ETH Price Surges 5.4% to $2620 | Flash News Detail | Blockchain.News
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6/30/2025 3:35:45 PM

Crypto Security Alert: North Korean Hackers Target MetaMask & Phantom Wallets as ETH Price Surges 5.4% to $2620

Crypto Security Alert: North Korean Hackers Target MetaMask & Phantom Wallets as ETH Price Surges 5.4% to $2620

According to @karpathy, traders should be on high alert as a North Korean hacking group, Famous Chollima, is deploying new Python-based malware called PylangGhost to compromise crypto workers. A report from Cisco Talos indicates the malware is hidden in fake job applications from top firms like Coinbase and Uniswap, and is designed to steal credentials and data from over 80 browser extensions, including critical wallets like MetaMask, Phantom, and TronLink. This security threat emerges as the crypto market shows notable strength. Market data reveals Ethereum (ETH) has surged 5.41% to $2620.25, with Chainlink (LINK) rising 4.21% to $13.86, and Solana (SOL) up 1.20% to $152.61. The report also highlights the long-term convergence of AI and Web3, exemplified by innovators like Nkiru Uwaje of MANSA, whose project secured a pre-seed round from Tether, underscoring continued venture interest in the space despite security risks.

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Analysis

The cryptocurrency market is currently navigating a complex landscape, defined by a powerful surge in major altcoins like Ethereum (ETH) and Solana (SOL), juxtaposed against persistent and sophisticated security threats. In the last 24 hours, Ethereum has shown remarkable strength, with the ETH/USDT pair climbing nearly 5% to trade around $2,593, hitting a daily high of $2,633.47. This upward momentum is supported by significant trading volume and is mirrored in other pairs, with ETH/USD touching $2,620. This rally isn't just about dollar value; Ethereum is also asserting its dominance over Bitcoin, as the ETH/BTC pair surged 4.55% to 0.02389 BTC, a critical indicator for traders signaling a potential shift in market leadership. While this bullish price action unfolds, the undercurrents of innovation and risk are shaping the long-term trajectory for digital assets.



Innovation Fuels Long-Term Bullish Sentiment



A significant driver of underlying market optimism is the accelerating convergence of Artificial Intelligence (AI) and Web3 technologies. The celebration of leaders like Daniela Amodei of Anthropic and Nkiru Uwaje of MANSA highlights a crucial trend: the fusion of AI's predictive power with blockchain's immutability is creating tangible value. For traders, this isn't just an abstract concept; it's the foundation for the next generation of decentralized applications and financial instruments. Amodei's work in creating safer, more principled AI models at Anthropic, which achieved a staggering $61.5 billion valuation, speaks to the immense institutional capital flowing into the space. Meanwhile, Uwaje's MANSA has already facilitated $92 million in payments using stablecoins, demonstrating a powerful real-world use case for blockchain in emerging markets. This fusion suggests a future where AI-driven trading bots operate on decentralized exchanges with cryptographic certainty, and AI oracles, potentially powered by networks like Chainlink (LINK), provide smarter, more secure data feeds. The recent 3.85% rise in LINK to $13.75, with a high of $14.08, reflects this positive sentiment around core Web3 infrastructure.



Security Threats Present a Sobering Counter-Narrative



However, the optimism generated by innovation is constantly tempered by security vulnerabilities. A recent report from Cisco Talos reveals a concerning campaign by a North Korean hacking group, Famous Chollima, targeting cryptocurrency professionals. The attackers are using a new Python-based malware called PylangGhost, disguised within fake job applications from prominent firms like Coinbase and Uniswap. According to Cisco Talos, this remote access trojan (RAT) is designed to steal critical data, including login credentials and private keys from over 80 browser extensions like MetaMask and Phantom. This is a direct threat to the assets of individual traders and developers. For the broader market, such campaigns pose a systemic risk. A successful breach of a key developer or a crypto firm could lead to massive fund theft, exchange insolvency, or a sudden market dump, eroding trust and triggering sharp price declines. This threat environment necessitates a vigilant, security-first approach from all market participants, underscoring the importance of hardware wallets and multi-factor authentication.



Trading Analysis: ETH Leads, SOL Consolidates



From a trading perspective, the current market dynamics offer distinct opportunities. Ethereum is the clear leader. Its decisive break above the $2,600 level on multiple fiat and stablecoin pairs, coupled with its strong performance against Bitcoin, positions it for further upside. The SOLETH pair, which measures Solana's price in Ethereum, rose 2.59%, but this indicates ETH's superior momentum. Solana (SOL) has also performed well, holding the critical $150 support level and trading at $151.86 after a modest 0.9% gain. However, its performance against Bitcoin (SOL/BTC) shows a slight decline of 0.23%. This suggests that while SOL remains a strong asset, capital is currently rotating more aggressively into ETH. Traders might consider long ETH positions, targeting higher resistance levels, while watching if SOL can break its daily high of $156.11 to resume its own uptrend. The divergence between ETH/BTC and SOL/BTC is a key insight, hinting that the current rally is, for now, an Ethereum-centric event. Monitoring these relative strength pairs is crucial for optimizing portfolio allocation in the current environment.

Andrej Karpathy

@karpathy

Former Tesla AI Director and OpenAI founding member, Stanford PhD graduate now leading innovation at Eureka Labs.

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