MetaMask extended its security alerts to multiple blockchains

The well-known self-custody cryptocurrency wallet MetaMask, based on Ethereum, announced a major update to its security features. From now on, default security alerts will be extended to users of web extensions and mobile apps across multiple blockchains, including Linea, BNB Chain, Polygon, Arbitrum, Optimism and Avalanche.

This move comes at a crucial time for MetaMask, as the wallet is experiencing significant growth in its user base. From September 2023 to January 2024, the number of monthly active users has increased from 19 million to 30 million. This momentum is partly attributed to key partnerships with popular trading platforms such as Robinho.

The security alert feature was initially introduced on the core Ethereum network via an extension on January 29, 2024. These alerts inform users in real time during transactions, alerting them to possible known threats. The feature simulates the requested transaction, identifies malicious patterns and alerts users if the transaction is expected to result in a loss of funds.

A prominent feature of MetaMask security alerts is its focus on privacy. Unlike many Web3 wallets, which share transaction data with third parties to validate security alerts, MetaMask focuses on protecting its users’ information.

The alert system originated in April 2023 as an optional pilot alert in OpenSea, where it helped protect assets worth a total of $500 million. The success of these alerts led MetaMask to implement them in its own wallet as well.

In collaboration with its security partner, Blockaid, MetaMask has managed to prevent phishing scams and protect users. A notable example was in September 2023, when Vitalik user X was the victim of a hack. Thanks to security alerts, many users were able to avoid falling into this trap.

Security remains a priority for MetaMask, and its commitment to protecting users’ assets is evident in this latest update.

K. Tovar

Source: Cointelegraph

(Reference image source: @MPersonalTrader, X)

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