Fun

News Feed - 2023-09-05 06:09:00

Arijit Sarkar14 hours agoMetaMask scammers take over government websites to target crypto investorsOfficial government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites.5067 Total views50 Total sharesListen to article 0:00NewsJoin us on social networksCrypto scams targeting MetaMask users are using government-owned website URLs to con victims and access their crypto wallet holdings.


Ethereum-based crypto wallet MetaMask has been a long-standing target for scammers — which involves redirecting unwary users to fabricated websites that request access to the MetaMask wallets. Cointelegraph’s investigation on the matter found numerous government-owned websites being used to perpetrate this exact scam.


Official government websites from India, Nigeria, Egypt, Colombia, Brazil, Vietnam and other jurisdictions have been found redirecting to fake MetaMask websites, as shown below.MetaMask scammers use government websites to steal from crypto users. Source: Cointelegraph (via Google)


Cointelegraph alerted MetaMask about the ongoing scams and received an immediate acknowledgment. According to the MetaMask security team, Web3"s incredible growth potential makes the ecosystem attractive for scammers and thieves.


Once a user clicks on any of the rogue links placed within the government website URLs, they are redirected to a fake URL instead of the original URL “MetaMask.io.” Once accessed, Microsoft’s built-in security — Microsoft Defender — warns users about a possible phishing attempt.Microsoft’s warning against the MetaMask phishing websites. Source: Cointelegraph


If users ignore the warning, they are greeted by a website resembling the official MetaMask website. The fake websites will eventually ask the users to link their MetaMask wallets to access various services on the platform.Comparison between the original and fake MetaMask websites. Source: Cointelegraph


The above screenshot shows the similarity between the real and fake MetaMask websites, which is one of the main reasons investors fall for the scam. Linking MetaMask wallets on such websites gives scammers complete control over the assets held on those particular MetaMask wallets.


With regard to the phishing websites uncovered by Cointelegraph, MetaMask security team stated:“We are building in some heuristics (metadata, indicators, TTPs, etc.) from this current campaign into our detection engines to hopefully detect any more of these attacks as soon as they launch and take steps to take them down before they reach users — or at the very least minimize the exposure.“


Amid growing attacks on crypto investors, MetaMask encourages potential victims to report possible scams.


In case of a seed phrase compromise, MetaMask advises users to stop using the seed recovery phrase and create a new one from a device that has not been compromised. Readers are also advised that MetaMask does not collect Know Your Customer information from its users.


Related:Scam alert: MetaMask warns users of deceptive March 31 airdrop rumors


In April, MetaMask denied claims of an exploit that potentially drained over 5,000 Ether (ETH).Recent reporting on @tayvano_’s thread has incorrectly claimed that a massive wallet draining operation is a result of a MetaMask exploit.

This is incorrect. This is not a MetaMask-specific exploit. https://t.co/MiJ3QgslMy— MetaMask (@MetaMask) April 18, 2023


The wallet provider said the 5,000 ETH was stolen “from various addresses across 11 blockchains,” reaffirming the claim that funds were hacked from MetaMask “is incorrect.”


Speaking to Cointelegraph, Wallet Guard co-founder Ohm Shah said the MetaMask team has been “researching tirelessly,” and there is “no solid answer to how this has happened.”


Collect this article as an NFTto preserve this moment in history and show your support for independent journalism in the crypto space.


Magazine:How to protect your crypto in a volatile market: Bitcoin OGs and experts weigh in# Phishing# Business# Scams# MetaMask# RegulationAdd reactionAdd reactionRead moreHow to send and receive payments on the Lightning NetworkMiCA: The good, the bad and the ugly of the EU’s crypto rulesAI could revolutionize human resources, but there are risks

News Feed

Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum
Bitcoin Price Outlook for November — FTX Crisis Fuels Bearish Momentum It’s fair to say that the first ten days of November have been nothing short of historic in cryptocu
Gareth Jenkinson9 hours agoRussian telecoms giant MTS announces ads service targeting Telegram usersTelegram denies that it has entered any advertising-related agreements with Russian companies.2978 Total views9 Total sh
Savannah Fortis11 hours agoFTX founder’s plea for temporary release should be denied, prosecution saysSam Bankman-Fried’s renewed request for temporary release from jail before his upcoming trial should be denied, ac
Ezra Reguerra15 hours agoBNB Smart Chain scam losses dropped 75% in Q3: ReportSecurity firm HashDit says the lower amount lost to scams on BSC could be due to an uptrend in security products addressing the threat.1963 To
Indonesia’s Regulator Prohibits Financial Firms From Facilitating Crypto Trading
Indonesia"s Regulator Prohibits Financial Firms From Facilitating Crypto Trading Indonesia’s Financial Services Authority (OJK) has prohibited financial firms from using, ma
Solana Horizontal Support Under Pressure – Bearish Target At $142
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years
Electric Coin Company Reveals Zcash Network to Transition to Proof-of-Stake in 3 Years On Friday, Electric Coin Company (ECC), the developers behind the privacy-centric crypto-asse
Binance US Delists Crypto Token ‘out of an Abundance of Caution’ After SEC Says It’s a Security
Binance US Delists Crypto Token "out of an Abundance of Caution" After SEC Says It"s a Security Binance’s U.S. platform is delisting crypto token amp after the Securities an
BNB Chain activates hard fork, reduces fees
Ezra Reguerra2 hours agoBNB Chain activates hard fork, reduces feesBNB Chain activates the Haber hard fork with BEP-336, introducing blob-carrying transactions to optimize data storage and processing.872 Total views1 Tot
Saddle․Finance Creates New Standards for DeFi Trading
Saddle․Finance Creates New Standards for DeFi Trading sponsored DeFi is a sub-sector in the crypto industry that has witnessed significant innovation since its inception. However,
Bitcoin’s rally to $72K took miner revenues to record highs
Nancy Lubale5 hours agoBitcoin’s rally to $72K took miner revenues to record highsMiners saw revenues climb to roughly $78.89 million on March 11, the same day the BTC price broke new all-time highs.1124 Total views12
Market Strategist Says Bitcoin’s Best Days Are Ahead, Won’t See Restrictive Fed Policy Anytime Soon
Market Strategist Says Bitcoin"s Best Days Are Ahead, Won"t See Restrictive Fed Policy Anytime Soon The founder of investment management firm Michael Lee Strateg