MetaMask denies claims of pockets exploit in ‘large’ $10M hack

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Cryptocurrency pockets supplier MetaMask has denied claims that an exploit of its pockets is the reason for a “large pockets draining operation” that has claimed over 5,000 Ether (ETH).

On April 18, MetaMask tweeted in response to a collection of tweets posted on April 17 by Taylor Monahan, the founding father of Ethereum pockets supervisor MyCrypto, who defined an unidentified wallet-draining exploit has stolen over $10.5 million in crypto and nonfungible tokens (NFTs) since December 2022.

“Current reporting on [Monahan’s] thread has incorrectly claimed {that a} large wallet-draining operation is a results of a MetaMask exploit,” MetaMask stated.

“That is incorrect. This isn’t a MetaMask-specific exploit,” it added.

The pockets supplier stated the 5,000 ETH was stolen “from varied addresses throughout 11 blockchains,” once more reaffirming the declare that funds were hacked from MetaMask “is wrong.”

Chatting with Cointelegraph, Ohm Shah the co-founder of Pockets Guard stated the MetaMask crew has been “researching tirelessly” and there may be “no stable reply to how this has occurred.”

“There are tons of unbiased safety researchers additionally investigating this,” Shah stated.

He speculated it was doable to imagine that there had been “some kind of Non-public Key or Seed Phrase Leak.”

In its newest collection of tweets, MetaMask confirmed its security team was researching the supply of the exploit and was “working with others throughout the Web3 pockets house”

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In her thread on the exploit, Monahan said that “nobody is aware of how” this large assault was carried out however her “greatest guess” was {that a} vital quantity of outdated knowledge was obtained and used it to extract the funds.

She additionally initially claimed the attacker was draining long-time MetaMask customers and workers through the use of MetaMask.

Monahan later said the exploit will not be MetaMask-specific and “customers of all wallets, even these created on a {hardware} pockets” have been impacted by the exploit.

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