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MetaMask denies involvement in a $10.5M crypto theft exploit.
MetaMask, a popular cryptocurrency wallet provider, has denied allegations that its wallet was the cause of a significant exploit resulting in the theft of over 5,000 Ether and other digital assets. The exploit has been reported to have cost over $10.5 million in losses since December 2022.
MetaMask investigating massive crypto wallet exploit
Wallet Guard co-founder Ohm Shah speculated that the exploit could have resulted from a private key or seed phrase leak. Monahan, in her thread on the exploit, suggested that the attack was conducted using old data to extract the funds, but admitted that “no one knows how” this massive attack was carried out.
Monahan initially claimed that the attacker had been draining long-time MetaMask users and employees, but later stated that the exploit had impacted users of all wallets, including those created on a hardware wallet.
The company has urged its users to remain vigilant and take steps to secure their wallets, such as enabling two-factor authentication and keeping their private keys and seed phrases confidential.