MetaMask users are being targeted by scams that exploit government websites.
Fraudsters redirect them to fake MetaMask pages, putting their crypto assets at risk.
Online
scammers are becoming increasingly sophisticated, using official government
websites from various countries to deceive cryptocurrency users. For this
purpose, they are once again exploiting MetaMask, a popular Ethereum-based
crypto wallet, in an attempt to defraud investors from diverse jurisdictions.
Once redirected to these fake MetaMask sites, users risk losing control over
their crypto assets.
Official Gov Websites
Redirect to Fake MetaMask
The scam that CoinTelegraph initially reported involves redirecting users
from official government websites to fraudulent MetaMask sites. These websites
are so convincing that they easily deceive users into thinking they are on the
official MetaMask platform.
Once there,
the fake site prompts users to link their MetaMask wallets, thereby giving
scammers full control over the assets stored in those wallets.
Government
websites from countries like India, Nigeria, Egypt, Colombia, Brazil, and
Vietnam have been found to redirect users to these fake MetaMask sites. This
raises concerns about the security measures in place on these government
platforms and their potential involvement in the scam.
One such
address is the Egyptian Consumer Protection Agency, which redirects from the
search engine to a fake MetaMask website.
Users who
visit this site will see a warning in their browser indicating that the site
may be deceptive. However, if they ignore this warning, they will encounter a
website that closely resembles the original MetaMask service.
The
screenshots below show a striking similarity between the original and fake
MetaMask page:
Rising Incidents of Scams
Targeting MetaMask Users
In 2023,
MetaMask boasts a monthly active user base of 21 million. Given its popularity,
it's no surprise that scammers are increasingly attempting to exploit the app
and its cryptocurrency wallet to defraud consumers and steal their digital
assets. As early as 2019, Finance Magnateswarned about counterfeit MetaMask
apps being removed from the Google Play Store. In 2021, reports surfaced about
a phishing attack that aimed to steal MetaMask users' information by posing as
customer support.
Last year,
the app's developers warned about phishing attempts exploiting Apple devices. Scammers used a security loophole in the
iCloud app to access users' seed phrases for their wallets.
The
cryptocurrency industry witnessed a spike in financial losses due to
cyberattacks and vulnerabilities, reaching a year-to-date high of $303 million
in July. The blockchain security firm, Certik published an update detailing these losses six weeks ago.
Earlier in
July, Finance Magnates disclosed that cyber criminals had stolen $313
million in the year's second quarter, a figure nearly identical to the $320
million lost in the first quarter. Notably, losses attributed to exit scams
alone saw a twofold increase, hitting $70 million.
Online
scammers are becoming increasingly sophisticated, using official government
websites from various countries to deceive cryptocurrency users. For this
purpose, they are once again exploiting MetaMask, a popular Ethereum-based
crypto wallet, in an attempt to defraud investors from diverse jurisdictions.
Once redirected to these fake MetaMask sites, users risk losing control over
their crypto assets.
Official Gov Websites
Redirect to Fake MetaMask
The scam that CoinTelegraph initially reported involves redirecting users
from official government websites to fraudulent MetaMask sites. These websites
are so convincing that they easily deceive users into thinking they are on the
official MetaMask platform.
Once there,
the fake site prompts users to link their MetaMask wallets, thereby giving
scammers full control over the assets stored in those wallets.
Government
websites from countries like India, Nigeria, Egypt, Colombia, Brazil, and
Vietnam have been found to redirect users to these fake MetaMask sites. This
raises concerns about the security measures in place on these government
platforms and their potential involvement in the scam.
One such
address is the Egyptian Consumer Protection Agency, which redirects from the
search engine to a fake MetaMask website.
Users who
visit this site will see a warning in their browser indicating that the site
may be deceptive. However, if they ignore this warning, they will encounter a
website that closely resembles the original MetaMask service.
The
screenshots below show a striking similarity between the original and fake
MetaMask page:
Rising Incidents of Scams
Targeting MetaMask Users
In 2023,
MetaMask boasts a monthly active user base of 21 million. Given its popularity,
it's no surprise that scammers are increasingly attempting to exploit the app
and its cryptocurrency wallet to defraud consumers and steal their digital
assets. As early as 2019, Finance Magnateswarned about counterfeit MetaMask
apps being removed from the Google Play Store. In 2021, reports surfaced about
a phishing attack that aimed to steal MetaMask users' information by posing as
customer support.
Last year,
the app's developers warned about phishing attempts exploiting Apple devices. Scammers used a security loophole in the
iCloud app to access users' seed phrases for their wallets.
The
cryptocurrency industry witnessed a spike in financial losses due to
cyberattacks and vulnerabilities, reaching a year-to-date high of $303 million
in July. The blockchain security firm, Certik published an update detailing these losses six weeks ago.
Earlier in
July, Finance Magnates disclosed that cyber criminals had stolen $313
million in the year's second quarter, a figure nearly identical to the $320
million lost in the first quarter. Notably, losses attributed to exit scams
alone saw a twofold increase, hitting $70 million.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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