Private Key Theft Turns Into Full-Fledged Cybercrime Business

[cryptohog]

GK8, a crypto custody firm owned by Galaxy Digital, warns that private key theft has become an industrialized operation. Hackers are using malware, infostealers, and seed-phrase parser tools to extract private keys from files, cloud backups, and chat histories.
These automated tools identify valuable wallets, rebuild keys, and allow attackers to drain funds—often sold on darknet forums for hundreds of dollars.