The intelligence agencies of the United States and the United Kingdom have released a notable joint report about a new malicious software called “Nasty Chisel,” which primarily targets Android devices and aims to steal crypto assets.
Intelligence Agencies Collaborate for Crypto Wallet and Exchange Security
Prominent intelligence agencies such as the National Security Agency (NSA) of the United States, the Cybersecurity and Infrastructure Security Agency (CISA), the Federal Bureau of Investigation (FBI), and the United Kingdom’s National Cyber Security Centre (NCSC) have collaborated to warn users about protecting the security of their crypto wallets and exchanges.
In the report, they specifically identify the malicious software as “Nasty Chisel” and link it to the activities of the Sandworm cyber warfare unit, which is associated with Russia’s military intelligence agency GRU.
Apps like Binance, Coinbase, and Trust Wallet Also Affected
Another significant point highlighted in the report is that the attack and fraud-oriented software named “Nasty Chisel” includes data from the directories of popular crypto exchanges such as Binance and Coinbase, as well as applications like Trust Wallet. Additionally, the report reveals that this type of software is capable of extracting any kind of file from the directories, regardless of the specific nature of the attack or fraud.
Losses Exceeding $1 Billion
These incidents highlight the increasing challenges in crypto asset security in the year 2023. According to a report from the blockchain security company CertiK, losses totaling nearly $1 billion have been incurred due to hacking and fraud since the beginning of the year.