Metamask Wallet Exetension

MetaMask is an extension for accessing Ethereum enabled distributed applications, or "Dapps" in your normal Chrome browser! The extension injects the Ethereum web3 API. Want to know about the Metamas

Want to know about the Metamask Wallet Exetension Phishing attack?

Granted, cryptocurrencies have made our lives simpler and much more feasible than it ever was. But, have you ever thought of the exposure that it brought along towards the dark side of the Internet, which is usually known as cybercrime? We know that crypto perks are not just short term, it is dynamic but consistent.

And no matter what you do, cybercrime exists – this doesn’t mean we don’t experience and enjoy the cryptocurrency world however, we do have to make sure that we keep the security measures intact. Keeping crypto safe also got backed up by cryptocurrency wallets and the best one we have come across yet, is the MetaMask Wallet.

The Metamask Wallet Exetension accounts provide an exclusive outlet to keep crypto protected along with easy access to the decentralized applications on the network. There are plenty of other perks but what we love about it is that it’s been introducing better security features. In the below read, we’ll shed some light on a recent phishing attack that users had to face, and a list of fixes that we think might help.

MetaMask Wallets were the targets: Know the Phishing Pop-Up

It hasn’t been long since this mishap appeared and people seem to recover from it already. This attack came out on traders’ screens containing a link to the Bored Ape Yacht Club program (which would give users access to thousands of digital collectables). And when we say it targeted Metamask Wallet Exetension accounts, we mean the pop-up prompted traders to link their wallet accounts to be used on the site.

It even had a domain name that people trusted and therefore, would not easily take as suspicious, which gave the cyber crooks behind it, an upper hand, and tons of people were reported to fall victim to this. The time was pretty vulnerable as crypto and stablecoins across the world were declining and Coinbase suffered an outage too, which was the perfect time for the phishing attack to be put into action.

As soon as the MetaMask wallet accounts were connected to the pop-up, either the user’s account credentials were stolen or they were tricked into making transactions that were directly delivered to the attackers. According to certain reports, a past phishing attack stole around $1.7 million worth of NFTs and another one managed to acquire $18000 worth of crypto tokens.

What can we do to up the security of our wallet accounts?

Here, we’ll share our insight on what we think you must try to better the security practices and save your crypto funds from these phishing attacks:

• Do not use a shared computer or device to work with the wallet

• Prefer using the desktop version more than the mobile version

• Associate the use of a password manager service

• Never share your recovery phrase and save it offline

• Make sure that the anti-virus and anti-malware software is disabled

• Go for a regular sweep of your browsing history (clear cookies and cache)

• Lock your MetaMask login account after every session

Conclusion

This exclusively laid out read has been equipped with two significant subjects of the crypto world that is on top of the chain in our digital world – cryptocurrency wallets and cybercrime. That’s right, we chose the phishing attack incident that one of the best wallet services, MetaMask wallet had to go through.

You learned about the cybercrime attack that was directed at stealing crypto from the MetaMask login accounts and the security practices that we recommend you to adapt for providing the best crypto protection.

Meta Description

Read through the data piece that has been focused on the phishing attacks that target Metamask Wallet Exetension accounts and then learn a few security practices.