MetaMask dev claims MetaMask wallet was exploited

On Apr 19, 2023

MetaMask dev reported a 5k ETH loss in a single MetaMask wallet and claimed the MetaMask wallet was compromised.

MetaMask is a popular Ethereum wallet and was developed by the blockchain developer company ConsenSys. This wallet is known for its highly decentralized & secure nature.

On 18 April 2023, A MetaMask dev & founder of MyCrypto, Taylor Monahan, took to Twitter to inform the crypto community that she lost 5k ETH & some NFTs since Dec 2022 and confirmed that it was not about any phishing or targeted attack.

If you are reading this, you're the type to be drained by this.

This is NOT a low-brow phishing site or a random scammer. It has NOT rekt a single noob. It ONLY rekts OGs.

If you have all your stuff under a single Secret Recovery Phrase / Private Key, please be safe migrate. 🙏 pic.twitter.com/o50pcBaUWT
— Tay 💖 (@tayvano_) April 18, 2023

MetaMask developer also explained that hacker(s) uses a very wise mind to mix the transaction via transaction of assets in ETH & transferring to another victim.

This means it may look like random ENS-name'd person sent 0.0X ETH for gas and then stole all your funds.

Or that your wallet was drained *to* an ENS-named account.

The random ENS name is NOT your attacker—it's another victim.

DON'T BE LIKE NICK!🤣

(srsly tho, NO witchhunts!) pic.twitter.com/aym1ug9nhZ
— Tay 💖 (@tayvano_) April 18, 2023

On 19 April, the MetaMask team officially responded to this whole matter and said that it was not a MetaMask-specific exploit.

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Recent reporting on @tayvano_’s thread has incorrectly claimed that a massive wallet draining operation is a result of a MetaMask exploit.

This is incorrect. This is not a MetaMask-specific exploit. https://t.co/MiJ3QgslMy
— MetaMask 🦊💙 (@MetaMask) April 18, 2023

According to MetaMask, the hack attack took place via 11 different crypto networks and here MetaMask security team is working with other Web3 crypto participants to find the actual source of this wallet hack attack.

MetaMask also suggested crypto Investors keep big amounts of funds only in hardware wallets & keep backup phrases offline.

As always, remember to store your Secret Recovery Phrase safely offline and store larger amounts of crypto in a hardware wallet.
— MetaMask 🦊💙 (@MetaMask) April 18, 2023

In the history of the crypto industry, the crypto sector saw several hack attacks but hack attacks on crypto wallets were very rare. In late Dec 2022, the Crypto sector saw a hack attack on the Bitkeep wallet.

#PeckShieldAlert #BitKeep reported that several users' funds were stolen, the official stated that possibly due to downloading a hacked APK version
∼$8M worth of assets have been stolen so far, including ~4373 $BNB, 5.4M $USDT, 196k $DAI, and 1233.21 $ETH pic.twitter.com/ZdomZGFWRO
— PeckShieldAlert (@PeckShieldAlert) December 26, 2022