Coinbase News: New Malware StilachiRAT Targets Cryptocurrency Wallets Including Coinbase

A new threat has emerged in the cryptocurrency world, as Microsoft Incident Response analysts have discovered a sophisticated Remote Access Trojan (RAT) named StilachiRAT. This malware is specifically designed to target cryptocurrency wallets, including those used by popular platforms like Coinbase.

Microsoft Discovers StilachiRAT Targeting Crypto Wallets

Microsoft Incident Response analysts have discovered a new Remote Access Trojan (RAT) named StilachiRAT. This malware is designed to steal sensitive credentials and specifically targets cryptocurrency wallets, including those used by popular platforms like Coinbase and Metamask. StilachiRAT is adept at avoiding detection and features advanced persistence capabilities and command-and-control protocols. It monitors Google Chrome local data and scans the clipboard for sensitive information. The malware also has various anti-forensics features, such as clearing logs and checking for sandbox environments. Although Microsoft does not know the origin of the malware, gaining more knowledge about StilachiRAT is crucial for protecting consumers.

Standard Chartered: Coinbase Sold $37M Ethereum in Q4

An analyst from multinational bank Standard Chartered believes that crypto exchange Coinbase proactively sold 12,652 Ethereum (approximately $37 million) throughout Q4 2024. They explained that Coinbase’s layer-2 network Base drives demand for Ethereum but the company’s profit taking is hurting the underlying blockchain’s price action. Standard Chartered also slashed its 2025 price target for Ethereum from $10,000 to $4,000 earlier this week, claiming that layer-2 network Base had removed $50 billion from ETH’s market cap due to profit taking.