MetaMask Ethereum Wallet update to prevent scams
hive-167922·@xuanling11·
0.000 HBDMetaMask Ethereum Wallet update to prevent scams
 MetaMask just announced its update on 07/27/22. This update is critical because it will prevent "Wallet Drainer". .PNG) https://twitter.com/wallet_guard/status/1552329047836966915 ### What is Wallet Drainer Wallet Drainer is a way to attack the wallet that, through the smart contract and links NFT project with other wallets without admitting approval from the individual signature required to each wallet. .PNG) https://twitter.com/TheOnlyNom/status/1552521385796423680 How the Wallet Drainer works are following: - fake NFT page with an artificial countdown to create urgency - victim connects wallet - the program will check valuable of NFTs - victim active the signature to transaction(s) to transfer ownership of NFTs - program fake the "mint" and transaction will not interact with the smart contract - the process repetitive - Here is how technically the program works and comprehensively addresses the potential impact of this attack. <iframe width="560" height="315" src="https://www.youtube.com/embed/557VCDJG1mk" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> ### How MetaMask prevents such attack <iframe width="560" height="315" src="https://www.youtube.com/embed/P_7hpr5GSrw" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe> With an extra step to allow the wallet to get permission for all transactions, the user has a way to stop a bundle of transactions at once without permission allow from the user side.   %[https://github.com/MetaMask/metamask-extension/pull/15010] You may think that is no a big deal but it saves a lot of NFTs project to prevent attacking users valuable assets. ### How to prevent the attack %[https://dappradar.com/blog/how-to-prevent-scammers-from-draining-your-wallet] - Never click on links from unidentified sources. - Never click Google Ads for crypto services, instead go to the official website yourself. - Always use Two-Factor Authentication (2FA) when possible. Google Authenticator is free to use, so use it. Also, double-check the website before connecting your wallet to the suspective website.  If you want to support my writing, buy me a coffee [here](https://www.buymeacoffee.com/xuanling1111). Photo by [Markus Spiske](https://unsplash.com/@webtechsmart?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText) on [Unsplash](https://unsplash.com/s/photos/shopping?utm_source=unsplash&utm_medium=referral&utm_content=creditCopyText)  *Note: Cross-references of this article have been created by the author and have been cross-referenced on multiple platforms [here](https://linktr.ee/xuanling11). Please reference the resources and credits [here](https://www.xuanling11.com/). Reach out to the authors if you have any questions.* Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@xuanling11/metamask-ethereum-wallet-update-to-prevent-scams)