Metamask User Data From 18 Months Compromised

Anvesh Reddy
April 14, 2023
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Crypto News: In yet another cause of concern for the crypto community, ConsenSys, the parent company of cryptocurrency wallet MetaMask, said there was a cybersecurity breach of user data. However, the company said the MetaMask browser extension and its mobile app are safe. The cryptocurrency wallet actually does not store user data as the software is non-custodial. However, the data breach occured at the end of one of its third party service providers, the company said on Friday.

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In November 2022, Metamask was subject to criticism after its updated privacy policy authorized a communication protocol provider to collect user data like the IP address and your Ethereum wallet address when performing transactions. Following widespread concerns over gathering user data, Consensys later clarified on its privacy policy.

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Metamask Data Breach

Consensys had on Friday issued a statement about the user data breach. It said the incident was limited to around 7,000 users who submitted personal data to MetaMask customer support between August 1, 2021 and February 10, 2023. The company clarified that its browser extension and the app were safe.

“It is important to note that the MetaMask browser extension and mobile app security were not affected by this incident. MetaMask users are unaffected if they did not submit personal data to MetaMask customer support ticketing system.”

The company gave some clarity on the type of user data that was compromised. While the user email addresses might be leaked owing to authorization by the customer support provider, the company said further data like financial information, name, surname, date of birth, phone number, and postal address during the 18 months might also have been identified. An estimated 7,000 users worldwide were affected by the incident, it said in the statement.

Also Read: LUNC News: Core Developers Edward Kim, Zaradar Leave Joint L1 Task Force

Although the exact nature and extent of data breach is yet to be ascertained, incidents like these could pose further risks to the crypto market vulnerability from potential regulatory risks in an already hostile environment. Even more so, considering the crypto ecosystem is largely unregulated.

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Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

About Author
About Author
Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.