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first_img Socket exposes 77 malicious wallet extensions for Firefox, 40 confirmed to steal mnemonic phrases

According to a report by Decrypt, security company Socket released research results linking 77 Firefox extensions to what it calls a "wallet theft factory," with 40 confirmed to have malicious behavior.These extensions disguise themselves as Web3 products like OKX, Rabby Wallet, and TronLink, tricking users into importing wallets through fake wallet interfaces or using modified real wallet code to steal mnemonic phrases and private keys as users input them. Mozilla's signature records show that this activity lasted from March 9 to August 3, and multiple extensions were still online at the time of Socket's report.About half of the extensions displayed realistic wallet interfaces and prompted users to import existing wallets, thereby intercepting the inputted mnemonic phrases or private keys; another 13 were modified versions of Rabby that sent account data stored in wallets to external servers while functioning normally; and 5 specifically collected saved credentials and clipboard content.Additionally, 37 extensions disguised themselves as password generators, dark mode toggles, VPNs, currency converters, and note-taking tools, but actually ran sports score applications sharing the same hardcoded credentials. Nine confirmed malicious extensions were initially released as score applications for sports like football and basketball, with subsequent updates replacing them with wallet theft code.Socket named this activity the "wallet theft factory," but cautioned that it has not confirmed whether all extensions are controlled by the same operator. The Socket team stated that any user who has entered mnemonic phrases or private keys into these extensions should consider it a "permanent leak" and immediately transfer funds to a new wallet, as uninstalling the extensions cannot undo the mnemonic phrases sent elsewhere.

Star Bridge Capital's gold trading experienced abnormal liquidation, and the platform's Hong Kong office is empty

According to Caixin, Star Bridge Capital (SBCFX) experienced an abnormal liquidation incident in London gold trading. After the incident, the Hong Kong office of the platform was empty, and some investors faced huge losses. According to multiple investors, their automated trading in London gold (XAUUSD) derivatives through the Star Bridge Capital platform encountered extreme abnormal trading on the evening of August 19: the system automatically generated huge reverse short positions within just 1 to 3 seconds, followed by a rapid rise in international gold prices, leading to collective liquidations of accounts, with some accounts' funds reaching zero, and some even incurring negative debts.The so-called London gold liquidation refers to the risk of trading in the opposite direction of gold price movements, and due to leverage and other reasons, resulting in excessive losses, where the available margin in the investor's account is exhausted, falling below the maintenance margin ratio, leading to forced liquidation by the platform and total loss of principal.Affected investors estimate that this incident involves about 2,000 to 3,000 people, including a large number of mainland investors. Currently, some investors have reported to the Hong Kong police and requested the platform to refund 70% of the principal according to the previously promised "maximum loss of 30%" rule.Some investors claim that Star Bridge Capital offers leverage of up to 500 times, and some funds were deposited via USDT stablecoins, increasing the difficulty of tracking funds. Public information shows that Star Bridge Capital's business scope covers foreign exchange, commodities, indices, cryptocurrencies, etc., and it claims to be a licensed and compliant international trading platform.

first_img Italian Central Bank Study: Stablecoin Remittances Have No Systemic Cost Advantage, On-chain Components Only Account for a Small Portion

In a research report released by the Bank of Italy in July 2026, a "mystery shopper" empirical investigation was conducted for the first time, tracking 200 USDC transfers across ten corridors between Italy and Argentina, Brazil, South Africa, the UAE, and Japan. The results showed that the total cost of stablecoin remittances fluctuated greatly, with a minimum of only 0.3% and a maximum close to 9%. On-chain transfers accounted for an average of only 0.4%, with the bulk of costs concentrated in fiat withdrawal and deposit stages—traditional intermediary fees such as exchange buy-sell spreads, credit card fees, and withdrawal fees were the decisive factors. Compared to traditional channels like Wise, stablecoins have a cost advantage in some corridors like Brazil to Italy, but the costs are higher in corridors like UAE to Italy, showing a high degree of "corridor specificity."In terms of speed, blockchain transfers themselves take only a few minutes, but end-to-end efficiency entirely depends on the quality of the traditional payment infrastructure in the destination country. Countries with instant payment systems, such as Brazil (PIX), Italy (TIPS), and Argentina (Transferencias 3.0), can keep the entire process under 20 minutes; whereas countries like South Africa, which rely on traditional bank transfers, see the arrival time extended to 1 to 2 business days. The report pointed out that the efficiency of stablecoin remittances is jointly determined by their own infrastructure and the surrounding traditional payment infrastructure, with both being complementary rather than substitutive. The report also analyzed the impact of global regulatory fragmentation: the EU's MiCA and the US's GENIUS Act represent mature compliance frameworks; Japan's strict "safety first" access, while lowering nominal costs, complicates processes leading users to offshore platforms; countries like India and Turkey are in a transitional regulatory phase; while countries like Egypt and Saudi Arabia, with prohibitive measures, have failed to suppress demand, instead pushing transactions into gray channels.

hot_img TSMC's CoWoS orders are overflowing, and it is reported that Intel's Malaysia factory will support backend packaging

According to the Economic Daily, TSMC's advanced packaging CoWoS capacity is in short supply, and it has been reported that some backend orders have overflowed to Intel's factory in Malaysia, where Intel is assisting with packaging using part of its capacity to serve common major customers, breaking the past ecosystem competition norms. TSMC Chairman Wei Zhejia previously stated at a conference call that TSMC focuses on advanced packaging in the frontend and welcomes "more manufacturers to supply capacity" for the shortage in the backend, providing flexible alternatives for common customers.The report points out that the bottleneck in advanced packaging capacity mainly lies in the backend ramp-up speed being lower than that of the frontend process, and the widening gap in CoWoS capacity has forced orders to overflow. SemiAnalysis Chipbook data shows that approximately $1.3 billion worth of HBM has been shipped to Malaysia, and industry analysis indicates that Intel's local factory should already have the capability for large-scale HBM integration. Intel CEO Pat Gelsinger stated that the EMIB-T technology is ensuring reliable yield, and in the context of insufficient CoWoS capacity, "Intel is in a unique position to provide support." Companies with overlapping supply chains such as Unimicron, ASE Technology Holding, and Jiadeng are expected to benefit simultaneously, with Unimicron's stock price rising over 7% on that day. Intel's EMIB-T related applications are targeted for mass production by 2027.
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