Metamask User Data From 18 Months Compromised

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.

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.

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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.