A new wave of cryptocurrency scams is targeting MetaMask users.
MetaMask, an Ethereum-based crypto wallet, has been an enduring target for fraudsters who seek to trick unsuspecting users.
The latest development involves hackers using official government websites from nations such as India, Egypt, Brazil, Vietnam, and Colombia to redirect users to illegitimate MetaMask portals.
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Upon clicking the malicious links embedded in these government URLs, users are rerouted to a URL different from MetaMask's official site, "MetaMask.io."
Microsoft Defender, the built-in security system of Microsoft, alerts users of a potential phishing attempt. Unfortunately, those who ignore the warning find themselves on a counterfeit website similar to MetaMask’s actual interface.
Once there, they are prompted to connect their MetaMask wallets, giving scammers total control over their crypto assets.
Ohm Shah, co-founder of Wallet Guard, revealed that although the MetaMask team has been working diligently, the mystery of how this scam was orchestrated remains unsolved.
The recent scam adds another layer of concern. It is worth noting that, in April, MetaMask refuted allegations of an exploit that purportedly led to the loss of 5,000 Ether (ETH). They emphasized that the claim of funds being compromised from MetaMask was "incorrect," noting that the stolen Ether came "from various addresses across 11 blockchains."
Crypto scams targeting wallet users continue to evolve and become increasingly sophisticated. This latest scam, involving the unauthorized use of government websites to redirect and dupe users, raises significant concerns about security in the crypto space.
As investigations are ongoing, the episode serves as an alarming reminder for users to be vigilant and exercise caution when interacting with wallet platforms.
