Beware of the MetaMask scammer

Spread the love

Beware of the MetaMask phishing scam going around. It was recently discovered that there is a scammer that has created a fraudulent website that looks nearly identical to the legitimate MetaMask website and is using it to separate unsuspecting users from their funds.

 

According to Blockchain analytics firm CipherTrace, the fraudulent website was launched on November 26th, but the firm, as well as Metamask, have only recently begun receiving complaints from individuals who have had funds stolen.

The scammer is evening buying sponsored advertisements on Google so that their malicious MetaMask site appears higher in the search than the actual MetaMask site.

 

Beware of scammers

As the digital currency market increases in popularity and the prices of coins and tokens continue to rise during this market cycle, you must be cautious. The popularity and rise of the digital currency markets have made the industry even more of a target for scammers.

If you are unsure if you are dealing with a legitimate service provider, one thing that you can do is go to the companies official page on LinkedIn, Twitter, or Facebook and get directed to their official website by way of their official social media page. Most fraudulent actors will not go through the trouble of making, or will be unable to make a convincing, social media page for the company they are trying to defraud.

At times when the digital currency industry is a honeypot, it is best to not involve yourself in any high-risk activities, such as investing in DeFi projects. Each week, sometimes multiple times a week, there is a new DeFi exploit, hack, or theft. The DeFi space is a prime target for hackers because they know that the underlying smart contracts that DeFi runs atop of are insecure and have many attack vectors. Sometimes, the DeFi project’s dev team knowingly implements those attack vectors so that they can exploit the projects themselves at a later date.

 

 152 Interactions,  4 today

READ ALSO:
Ethereum Market Analysis for 25th January 2021

Ethereum price hit a new ATH of $1476 on Monday after recently testing the previous ATH a few days ago. Read more

RECOMMENDED READ:  Illegal Miners in Russia Stole $6.6M-Worth of Electricity, Power Grid Firm Says
Tezos and Uniswap Market Analysis for 25th January 2021

Tezos was in an uptrend but faced some resistance above the $3 region and Uniswap surged to $12.5 but could Read more

‘Spectacular bust’ for equities: 5 things to watch this week in Bitcoin.

Equity markets could have only weeks before a big reboot, one analyst warns that Bitcoin's institutional interest is diminishing. Bitcoin Read more

Virginia software company provides workers with the opportunity to get paid in Bitcoin, Ether.

The company will allow employees to defer a portion of their salary and receive it as part of a savings Read more

Leave a Reply

Your email address will not be published. Required fields are marked *

Contact Us

%d bloggers like this: