Why This MetaMask Vulnerability Could Endanger Your Funds
Crypto wallet provider MetaMask reported a vulnerability that could affect a very small portion of its users. Discovered by blockchain security firm Halborn, the vulnerability could enable a bad actor to take possession of a user’s secret recovery phrase compromising his funds. Related Reading | Russia Still To Ban Crypto? A Bill To Ban Digital Assets […]
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Via their official Twitter handle, popular crypto wallet provider MetaMask warned their users about functionality that could endanger their funds. Related to the wallet’s iCloud backup for an app’s data, if the users have a weak password, they become susceptible to bad actors. Related Reading | U.S. Links North Korean Hacker Lazarus To $622 Million Axie […]
"Ultimately, we've learned that our password encryption feature's security was partially undermined by browser behavior," said the team at MetaMask. On Wednesday, MetaMask said that it uncovered a critical security vulnerability in older versions of its crypto wallet with the help of security researchers at Halborn. The security firm was awarded a bounty of $50,000 for the discovery. For users of the MetaMask extension before version 10.11.3, three necessary conditions would have led to the potential vulnerability. They are: (1) an unencrypted hard drive, (2) having imported a secret....
MetaMask has recently seen massive adoption as both the DeFi and NFT markets are surging. The increased adoption of the Ethereum network is bringing more investors into the market. Hence the need for storage wallets has gone through the roof. And MetaMask has benefitted greatly from this growth. MetaMask is a crypto wallet that allows […]
The firm warned that If an Apple user has enabled automatic iCloud backups of their MetaMask wallet data, their seed phrase is being stored online. ConsenSys-owned crypto wallet provider MetaMask has sent out a warning to the community regarding Apple iCloud phishing attacks. The security issue for iPhone, Mac, and iPad users is related to default device settings which see a user’s seed phrase or “password-encrypted MetaMask vault” stored on the iCloud if the user has enabled automatic backups for their app data. In a Twitter thread posted on April 18, MetaMask noted that users run the....
On Tuesday, the noncustodial digital currency wallet Metamask announced that the platform has surpassed 10 million monthly active users (MAUs). Year-to-date, Metamask has seen 19x growth since July 2020 as MAUs climbed 1,800% in 12 months.
Metamask Hits Over 10 Million Monthly Active Users
There’s no doubt that Metamask has been a popular Ethereum blockchain wallet that is also compatible with technologies like Polygon, Optimism, and Arbitrum. The wallet was created by the blockchain software company Consensys in 2016 and a great number of decentralized finance (defi)....