MetaMask: Large-Scale Wallet Theft Is Not Due to MetaMask Vulnerabilities

MetaMask: Large-Scale Wallet Theft Is Not Due to MetaMask Vulnerabilities

Web3 wallet MetaMask stated on Twitter today that recent tweets by @tayvano_ incorrectly claimed that large-scale wallet theft was the result of MetaMask vulnerabilities. This is not correct. Claims that 5,000 $ETH were stolen from MetaMask are also incorrect.

MetaMask developer @tayvano_ stated that there have been a large number of wallet thefts exceeding 5,000 $ETH since December 2022. The only known common point is that the keys were created between 2014 and 2022, and mainly by crypto Ogs rather than new users.

The MetaMask security team is working with other parties in the Web3 wallet field to investigate the source of this vulnerability exploit. SlowMist founder Yu Xian stated that a reasonable explanation is that private keys were indiscriminately collected in certain data, and hackers gradually discovered that there were private keys in this data.

As usual, users are advised to store seed phrases offline and securely, and to store more cryptocurrencies in hardware wallets.

 

TokenInsight is dedicated to covering the most important and cutting-edge trends in the world of crypto. If you have information to share with us, please feel free to contact our email news@tokeninsight.com. Your trust will be well respected.

Source

Wallet

Security Incidents

Related News
Mixin: Compensation Ratios for $BTC, $ETH, and $USDT are 90%, 30%, and 10% Respectively Mixin: Compensation Ratios for $BTC, $ETH, and $USDT are 90%, 30%, and 10% Respectively
HTX (Huobi) Hacked for $8M and Has Fully Covered the Losses HTX (Huobi) Hacked for $8M and Has Fully Covered the Losses
Mixin Founder Feng Xiaodong: Will Compensate Up to 50% of Losses Mixin Founder Feng Xiaodong: Will Compensate Up to 50% of Losses
Mixin Network Cloud Service Provider Database was Attacked, Funds Involved about $200M Mixin Network Cloud Service Provider Database was Attacked, Funds Involved about $200M
CoinEx Resumes Deposits and Withdrawals for $BTC, $ETH and More CoinEx Resumes Deposits and Withdrawals for $BTC, $ETH and More
Latest News More More
Chainlink CCIP Application Merlin Bridge Completed Testing on Testnet
4 Hours Ago Ethereum Futures ETFs Go Live, First Day Trading Volume Less than $2M
17 Hours Ago Former Galaxy Digital Executive Launches Crypto Investment Firm Deus X Capital
19 Hours Ago Top Exchanges' Total Trading Volume Hit Two-Year Low in September
2 Days Ago Circle Launches Circle Research and Perimeter Protocol
delate
Use TokenInsight App All Crypto Insights Are In Your Hands
Open