New Remote Access Trojan Targeting Crypto Wallets, Microsoft Warns

Tech giant Microsoft has found a new remote access trojan (RAT). This targets the crypto held in 20 cryptocurrency wallet extensions for the Google Chrome browser. 

In a blogpost on March 17, Microsoft’s Incident Response Team said that it first found the malware StilachiRAT last November and found it can steal information such as credentials stored in the browser, digital wallet information and data stored in the clipboard. 

By checking device settings to see if any of the 20 crypto wallet extensions—which include Coinbase Wallet, Trust Wallet, MetaMask, and OKX Wallet—are installed, the bad actors can use StilachiRAT to siphon off data from the wallet after it has been deployed.

Microsoft said, “Analysis of the StilachiRAT’s WWStartupCtrl64.dll module that contains the RAT capabilities revealed the use of various methods to steal information from the target system.”

Among its other capabilities, the malware can also extract credentials saved in the Google Chrome local state file and monitor clipboard activity for sensitive information like passwords and crypto keys.

Canary Capital proposes first Sui ETF in US SEC filing

Sixth proposed crypto exchange-traded fund (ETF) has been filed by the Canary Capital with US regulators for one tracking the spot price of the crypto token Sui.

The cryptocurrency investment firm requested to list the Canary SUI ETF in a Form S-1 filing to the Securities and Exchange Commission on March 17. The filing omitted details about the proposed ticker symbol and the exchange on which the ETF would trade.

As per CoinGekcohe, the ETF will directly hold Sui SUI$2.29, the native token of the layer-1 blockchain used for fees and staking, which is the 23rd largest cryptocurrency with a market value of around $7.36 billion.

Ethena Labs, Securitize launch blockchain for DeFi and tokenized assets

Ethena Labs, a stablecoin developer and real-world asset (RWA) tokenization company Securitize are launching a new blockchain for retail and institutional investors who are seeking to get into the DeFi and tokenization economies. 

According to an announcement on March 17, the forthcoming Converge blockchain is an Ethereum Virtual Machine that will provide retail investors with access to “standard DeFi applications.” Additionally, it will also focus on institutional-grade offerings that will help connect traditional finance with DeFi opportunities. 

Various product offerings will be launched by Converge which include Ethereal, Morpho, Maple Labs, Pendle and Aave Labs’ Horizon. 

This RWA infrastructure by Converge will benefit from Securitize’s growing presence in the tokenization market, which nearly has $2 billion minted across various blockchains. The company also announced that BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) has surpassed $1 billion in net assets one year after launch.