The developer of the MetaMask crypto wallet, Consensys, announced the official launch of transaction security alerts. They are aimed at improving user protection from phishing and hacker attacks.
🔐Privacy-focused MetaMask Security Alerts from @blockaid_, initially added in October, are now default for all Extension users and coming to Mobile under “Experimental”. Be sure to opt-in on Mobile!
Our commitment to keeping your assets secure just got stronger🧵 👇 pic.twitter.com/5n9WoCke3V
— MetaMask 🦊🫰 (@MetaMask) February 20, 2024
In October 2023, as part of a partnership with the startup Blockaid, the developers first introduced the option of alerts about suspicious transactions. Now it has become available to all crypto wallet users by default.
According to the developers, the function will allow you to learn about suspicious transactions even before they are signed. It supports networks such as Ethereum, BNB Chain, Linea, Polygon, Arbitrum, Optimism and Avalanche.
It is expected that informing users about threats in real time will help reduce the number of illegal transactions and encourage the adoption of cryptocurrencies, the company said. The solution from ConsenSys and Blockaid is available to users of the browser extension and mobile application (experimental mode).
Senior Product Manager Barbara Shortchit said the new feature automatically sends alerts about potentially malicious transactions, including those related to phishing, fraud and hacking attempts. According to Blockworks576,000 unique MetaMask users turned on Blockaid alerts during beta testing, preventing more than 30,000 unwanted activities.
ConsenSys added that the integration of Blockaid to protect OpenSea NFT traders prevented the theft of assets worth $500 million. In total, the alert function warned more than 1.3 million malicious transactions.
As the developers noted, over the past four months the number of active users of the crypto wallet has increased by 55%. More than 30 million people used the MetaMask app in January. The last time such a surge in activity was observed was at the beginning of 2022, the source claims.
In January 2024, ConsenSys developers introduced a new Ethereum staking service that simplifies the launch of validator nodes and ensures secure resource management.
Source: Cryptocurrency
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