MetaMask launches Blockaid’s enhanced security alerts for users

MetaMask collaborates with cybersecurity start-up Blockaid to launch a new security alert feature, elevating user protection against malicious threats.

Crypto wallet application MetaMask is enhancing user safety with Blockaid-backed security notifications. The popular cryptocurrency wallet has implemented an innovative alert system designed to combat scams and cyber threats.

Originating from the prestigious cyber intelligence Unit 8200, Blockaid is a security startup that recently secured $33 million in funding. In fact, Blockaid’s funding was secured on the back of naming MetaMask as one of its first clients.

Effective immediately, users of the MetaMask desktop application can activate the enhanced security mechanism. To implement this upgrade, users need to navigate to MetaMask’s experimental settings and enable the Privacy Preserving Offline Module (PPOM). This feature will simulate and validate transactions before confirming them using an offline security engine.

Blockaid’s technology can scan any dApp and simulate all possible user interactions to detect any anomalies. This can be a significant measure in ensuring that users don’t fall into scams or malicious transactions. 

Recently, MetaMask has renewed with a focus on user experience, with a keen emphasis on security. Earlier in October, the platform collaborated with Stripe to offer U.S. users a seamless way to transition between fiat and digital currencies.

Read more: 15th anniversary of Bitcoin white paper: From concept to multi-billion-dollar market
Follow Us on Google News

Comments

Post a Comment

Popular posts from this blog

FTX Wallet Drainer Relentless: Bridges Another 5,624 ETH to BTC

CertiK Alert posted on October 4 that the FTX drainer bridged another 5,624 ETH to BTC. That follows a series of notifications of multiple activities by the hacker, recently. The latest amount adds to over 30,000 ETH already bridged by the FTX wallet drainer. CertiK Alert, a platform that provides real-time alerts about crypto hacks, posted on October 4 that the FTX drainer bridged another 5,624 ETH to BTC. That follows a series of notifications about the recent resurfacing of the hacker who stole a significant amount of funds from the defunct FTX exchange. #CertiKSkynetAlert The FTX drainer has bridged another 5,624 ETH to BTC Receiving wallets: Bc1q8…m7zcy Bc1qs…fyhdy Bc1q7…3tg27https://t.co/4J3l9hyvjX — CertiK Alert (@CertiKAlert) October 4, 2023 The recent alert comes after CertiK Alert had posted about the hacker bridging up to 30,000 ETH to BTC as of October 2, 2023. Over the weekend, the crypto industry observed renewed activity on the w...
Read more

Here’s how to prevent NFT theft, according to industry professionals

Image
Professionals working in the Web3 space highlighted various tools and best practices to protect NFTs from hackers and scammers. As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks.  However, according to professionals working in the Web3 space, there are multiple ways and tools to prevent being a victim of NFT theft . In addition, users can also take various actions after losing their digital collectibles to hacks. Ronghui Gu, the co-founder and CEO of blockchain Security firm CertiK, told Cointelegraph that the first and most important step is always due diligence. “Avoid clicking on suspicious links and be very careful when signing token approvals,” Gu shared. Taking it a step further, the executive shared other best practices like periodically checking and revoking unneeded permissions and segregating NFTs into differen...
Read more

Sell the rumors… Buy hack announcements? Unibot retrospective

In the aftermath of a significant security breach affecting Unibot (UNIBOT), an unexpected twist in market psychology surfaced. A leading analyst on prominent crypto analytics platform Santiment dissected the curious case of Unibot price action following a hack, challenging the old adage of “sell the rumor , buy the news.” He wrote: Panic creeps in, you start getting doubts (especially having experience multiple blowups of projects before), maybe it’s just better to sell and wait it out? Looks like many UNIBOT holders felt those kind of feelings in the recent days. On Oct. 31st, a capitulation event was observed for Unibot as long-standing coins changed hands in response to panic stemming from a cryptic tweet by the coin’s developers. The subsequent sell-off resulted in the largest transaction volume spike for Unibot, accompanied by a noticeable increase in active addresses — a movement tracked closely by Santiment’s tools. If you read any UNIBOT-rel...
Read more