[ccpw id="39382"]

HomeCrypto NewsMarketMetaMask Desktop Users Get New Phishing Scam Alert Feature, Coming on Mobile Next Month

MetaMask Desktop Users Get New Phishing Scam Alert Feature, Coming on Mobile Next Month

Date:

MetaMask users now enjoy a cutting-edge security alert feature to enhance protection against crypto scams.

In a recent tweet, Colin Wu, a prominent figure in the Chinese crypto community, disclosed that the renowned Web3 wallet MetaMask has joined forces with blockchain security provider Blockaid to help crypto enthusiasts mitigate the risks of a particular crypto scam. 

Specifically, the MetaMask-Blockaid partnership has birthed a cutting-edge alert feature designed to shield users from potential phishing attacks

- Advertisement -

MetaMask New Phishing Alert System

Notably, the collaboration centers around Blockaid’s decentralized application (dApp) scanning solution. In particular, Blockaid’s security system possesses the capability to comprehensively simulate all feasible user interactions with a dApp and subsequently assess the authenticity of such interactions to identify any malicious intent.

According to the report, the phishing security alert system is at the initial launch stage for mobile users. It noted the feature will make its debut on the MetaMask app next month, in November. 

However, the alert system is already live for crypto enthusiasts accessing MetaMask via desktop. Therefore, users who participate in the experimental stages of the integration will receive alerts in cases where a transaction is deemed potentially malicious. 

Also, the report noted that from early next year, the security alert system would function on the MetaMask wallet by default. Furthermore, the rolling out MetaMask-Blockaid security feature bears a privacy-oriented characteristic. The new module obviates the necessity of disclosing every individual transaction and signature request to external entities.

- Advertisement -

This robust MetaMask wallet security feature comes amid the unyielding recurrence of phishing frauds and exploits in the crypto sphere. According to Blockaid’s estimations, roughly 10% of the 5,000 new dApps that hit the market are potentially malicious. 

In a recent report, Blockaid cited an incident where the X account of Vitalik Buterin, an Ethereum co-founder, was compromised to promote a phishing link. Blockaid noted that the scammers camouflaged a wallet-draining scheme as an NFT minting platform. In just an hour, the attackers had siphoned off approximately $1 million worth of crypto assets.

DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

Author

Abdulkarim Abdulwahab
Abdulkarim Abdulwahabhttp://thecryptobasic.com
Abdulkarim Abdulwahab is a seasoned crypto journalist who has established himself as a trusted voice in the world of blockchain and Web3. His extensive knowledge of the crypto space enables him to break down complex concepts into accessible language.

More from Author

Latest Stories

Guides