MetaMask Issues Warning about $650K iCloud Phishing Scam
Cryptocurrencies wallet MetaMask declared a warning to users of apple users to disable their iCloud backups of Apple's service in an estimated $650,000 phishing scam.
The DeFi wallet provider said Sunday users who have iCloud enabled for iPhone application information are susceptible to hackers because the backups include their password encrypted MetaMask vault.
“If your password isn’t strong enough and someone phishes your iCloud credentials, this can mean stolen funds,” MetaMask tweeted.
"Got a phone call from Apple, literally from Apple caller id it back because I suspected fraud and it was an Apple numberlacovone tweeted" So I believed them, they asked for a code that was sent to my phone and two seconds later my entire MetaMask was wiped.
MetaMask's response has drawn criticism from community members who argue the backup feature used in iCloud should either be disabled or made tougher for hackers seeking a way into users
100% metamask will need to fix that shite https://t.co/M9E3DBt8p5— Br Br the podcast Snek (@bryanbrake) April 17, 2022
ConsenSys The MetaMask parent company said on Feb it was looking to leverage NFTs as a means to onboard more users to its digital wallet while building out a white label NFT platform.
While efforts are being made on that front, critics argue cases like lacovone's demonstrate ConsenSys need to improve security if it aims to bring on the "next wave" of wallet users.