fake wallets stealing crypto

How did we get here? The digital landscape has turned into a wild west, and the latest attack is a doozy. Over 40 malicious Firefox extensions have emerged, targeting unsuspecting crypto wallet users. This isn’t just a small-time operation; it’s a coordinated campaign dubbed “FoxyWallet,” active since April 2025. The attackers are crafty, hosting these extensions on the official Firefox Add-ons store. Why? Because user trust is their playground.

These fake extensions are impersonating major wallet providers, like MetaMask and Coinbase Wallet. They clone open-source wallet codebases and inject malicious payloads. So, while users think they’re downloading a legit tool, they’re actually opening the door to thieves. These attackers are not just looking for a quick score; they want your seed phrases, private keys—everything to clean out your wallet. They even sneak in additional data, like your IP address. Nice, right?

The deception is staggering. With convincing branding and professional descriptions, these extensions seem completely legitimate. They boast hundreds of fake five-star reviews, inflating their credibility. Users, unsuspecting and perhaps a bit gullible, click “install,” and just like that, they’re compromised. It’s like opening your front door and letting the burglar walk in because he’s wearing a delivery uniform. Malicious code designed to monitor actions is injected into these seemingly harmless extensions as part of the attack. The scale of the operation indicates the industrialisation of cryptocurrency theft.

The deception is staggering; users unwittingly invite thieves in, mistaking malicious extensions for trustworthy tools.

This operation is relentless. Even as Mozilla scrambles to remove these malicious extensions, new ones pop up. It’s a cat-and-mouse game, and users are the ones holding the bag. Millions are at risk. The impact? Potentially devastating losses in cryptocurrency. This attack underscores the vulnerabilities inherent in browser extension ecosystems, especially for those dabbling in Web3 and DeFi spaces.