Home Trader loses $800k in crypto to malicious Google Chrome extension

Trader loses $800k in crypto to malicious Google Chrome extension

A Cryptocurrency investor has alleged that two ‘weird extensions’ have drained $800,000 from multiple of his wallet apps.

The trading and crypto user, who goes by the name ‘sell9000’ on X, has taken to the social media platform to speculate about how this happened.

He says “I suspect this was a Google Chrome compromise containing a possible keylogger targeting specific wallet extension apps…”

A keylogger is a malicious application used by cyber criminals to record every action of a keystroke made by another user. That data can then be retrieved by the person operating the logging program.

The user explained how he did a Google Chrome update a few weeks ago, but said that unusually “all my tabs were gone and extension logins had reset” when the browser relaunched. This included his wallets which were now logged out of and required details to be re-added.

He alleges that “Chrome was compromised in that unusual reboot event” and said he found two extensions titled ‘Sync test beta’ and ‘Simple Game.’

The hackers have reportedly sent the funds to two exchanges, the Singapore-based MEXC exchange and the Cayman Islands-headquartered Gate.io.

“A $800k costly mistake”

In one of the latest updates, Sell9000 asks for further assistance and reports it’s an ongoing issue.

While the X user isn’t yet sure how the extensions got onto Chrome and what the attack vector is, they say they can confirm that ‘Sync test BETA (colorful)’ is a keylogger. The other one ‘Simple Game’ is described as checking if tabs are updated, open, closed, and refreshed.

Sell9000 chalks up the incident as being “a $800k costly mistake” and says “The lesson is if anything seems off such as that it prompts you to input a seed, then wipe the whole PC first.

“My guard went down because the updated happened to be when Chrome made a significant update (where now you have to select a user and the[n] sign in with Google UI changed) so I thought that was what caused the extensions to reset and me to lose all my tabs.”

Featured Image: Photo by Firmbee.com on Unsplash

About ReadWrite’s Editorial Process

The ReadWrite Editorial policy involves closely monitoring the gambling and blockchain industries for major developments, new product and brand launches, game releases and other newsworthy events. Editors assign relevant stories to in-house staff writers with expertise in each particular topic area. Before publication, articles go through a rigorous round of editing for accuracy, clarity, and to ensure adherence to ReadWrite's style guidelines.

Sophie Atkinson
Tech Journalist

Sophie Atkinson is a UK-based journalist and content writer, as well as a founder of a content agency which focuses on storytelling through social media marketing. She kicked off her career with a Print Futures Award which champions young talent working in print, paper and publishing. Heading straight into a regional newsroom, after graduating with a BA (Hons) degree in Journalism, Sophie started by working for Reach PLC. Now, with five years experience in journalism and many more in content marketing, Sophie works as a freelance writer and marketer. Her areas of specialty span a wide range, including technology, business,…

Get the biggest iGaming headlines of the day delivered to your inbox

    By signing up, you agree to our Terms and Privacy Policy. Unsubscribe anytime.

    Gambling News

    Explore the latest in online gambling with our curated updates. We cut through the noise to deliver concise, relevant insights, keeping you informed about the ever-changing world of iGaming and its most important trends.

    In-Depth Strategy Guides

    Elevate your game with tailored strategies for sports betting, table games, slots, and poker. Learn how to maximize bonuses, refine your tactics, and boost your chances to beat the house.

    Unbiased Expert Reviews

    Honest and transparent reviews of sportsbooks, casinos and poker rooms crafted through industry expertise and in-depth analysis. Delve into intricacies, get the best bonus deals, and stay ahead with our trustworthy guides.