Popular Chrome extension disabled for containing malware

Do you use the Chrome extension "Save image as Type?"

If so, you are one of more than one million users who woke up this morning to find out that Google has disabled the extension in your Chrome web browser. Why? According to the prompt informing users that the extension has been disabled, Chrome found that Save image as Type contained malware.

The extension has also been removed from the Chrome Web Store.

Save image as Type was a simple yet popular tool that allowed Chrome users...