All MetaMask Users Will Now Receive Security Alerts + More Crypto News
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Following a successful beta phase, the Consensys-developed wallet MetaMask and Web3 security provider Blockaid announced the by-default integration of privacy-preserving security alerts for all MetaMask extension and mobile app users.
Per the press release shared with Cryptonews,
“This ensures that 100% of global users of the world’s leading self-custodial wallet will automatically receive alerts about potentially malicious transactions, thereby enhancing the wallet’s overall security.”
The security alerts were integrated by default on the Ethereum Mainnet via an extension on January 29. They are now available for mobile and extension on Linea, BNB Chain, Polygon, Arbitrum, Optimism, and Avalanche.
MetaMask estimates that in 2024 alone,
“The privacy- preserving security alerts will prevent hundreds of millions worth of dollar assets from being stolen. Projected over time, the impact of these security alerts is expected to be monumental.”
Also, this positions MetaMask ideally for broader adoption, the press release added. It has seen its Monthly Active Users (MAUs) grow 55% between September 2023 and January 2024, from 19 million four months ago to over 30 million. “This growth nearly matches the peak figures seen during the bull market in 2022.”
However, despite positive signals of mainstream adoption, security in crypto remains a key barrier to broader adoption. Unintended transactions are among the most common causes of fund loss incidents within MetaMask. “Security alerts that proactively thwart malicious transactions are pivotal in safeguarding users against
Read more on cryptonews.com
