Russian Malware Campaign Adds Downward Pressure to ICP Tokens on Internet Computers

Internet Computer Protocol

It trades at $4.8373, a 5.18% decline in the last 24 hours, but the broader crypto market measured by the Coindesk 20 index has only dropped by half.

The ICP faced new sales pressure as geopolitical risks and cybersecurity threats rattle the digital asset market. The decline came amid a nasty discovery from cybersecurity firm KOI Security, revealing a network of malicious browser extensions targeting cryptocurrency users.

The report has identified over 40 fake Firefox add-ons designed to mimic popular wallets such as MetaMask and Coinbase. Some of these extensions live in the browser store, but they are believed to have stolen credentials from unsuspecting users since at least April 2025.

According to the KOI, technical metadata and language artifacts of attack infrastructure refer to Russian-speaking actors. These findings added a new layer of concern for crypto investors who are already navigating macroeconomic uncertainties and fragmented global regulations.

According to Coindesk Research’s technical analysis model, ICP price response was rapid, with tokens falling through major support at $5.00. The bearish movement was amplified by an increase in trading volume during keysell-off at 12:00 and 20:00 UTC on July 3rd. The coin’s vulnerability to wider risk sentiment was fully on display as the cyber threat narrative intersects with rising volatility and pushes prices sharply.

By leveraging the same trust layer users, the fake wallet attacks that rely on storing digital assets have raised awareness of the security risks of a distributed ecosystem. For projects such as internet computers that promote on-chain infrastructure and independence, the reputational risks from these types of exploits weigh heavily on investor sentiment, even if they are not directly linked to the protocol itself.

Technical Analysis Highlights

All times quoted are UTC.

• ICP-USD fell 4.3% to $4.8373 from 07:00 on July 3rd to 06:00 on July 4th.
• Price action formed a downward channel, with resistance nearly $5.13 and a decisive breakdown below $5.00.
• On July 3rd, sharp sells occurred at 12:00 and 20:00 with above average volume.
• The overall range of tokens is $0.26 (5.1%), highlighting the growing volatility.
• On July 4th, a 1.17% drop between 05:52 and 06:51, bringing the price below $4.90.
• Temporary support appeared at around 6:30 for $4.88, followed by a mild recovery at $4.89.
• Between 06:27–06:30 The volume exceeded 94,000 units, presumably driven by institutional activities.
• In the final minutes, integration is shown, suggesting the possibility of low volatility bounded action.

Disclaimer: Part of this article is generated with the support of AI tools and reviewed by the editorial team to ensure accuracy and compliance Our standards. For more information, please refer Coindesk’s complete AI policy.