Crypto wallet provider, MetaMask has warned its users about the new phishing bot that attempts to steal their seed phrases.
In a tweet posted on Monday, May 3, MetaMask warned its users about the bot which is trying to steer users to a fake “instant support” portal where they are prompted to enter information into a Google Docs form.
The form asks users for the seed phrase which can be utilized to recover users’ crypto wallets. MetaMask said that they don’t have any Google Docs-based support system. Hence, they request users to get help by tapping on the “Get Help” option in the MetaMask app. This way, users could get help from MetaMask and avoid getting scammed by bad bad actors of society.
Because of its popularity, MetaMask has now become the primary target for hackers and crooks. On April 27, the developer behind the portfolio, ConsenSys, announced that it had hit a record five million monthly active users.
What are Phishing Attacks?
Phishing attacks are social engineering techniques utilized by threat actors to mislead users into performing an action that reveals personal information or account credentials.
In December 2020, MetaMask reported a “rotten seed phrase attack”, in which a malicious website dupes the wallet website that the user is attempting to install. The bogus site generates a seed phrase that allows crooks to control the wallet once it has been installed.
What’s surprising about phishing scams is that it’s not just newbie users who can fall victim to phishing scams. In late 2020, Nexus Mutual founder Hugh Karp was tricked to transfer around 370,000 Nexus Mutual (NXM) tokens worth $ 8 million to a portfolio to which hackers had access.
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