MetaMask Crypto Users Targeted by 'Address Poisoning' Scam! How to Avoid and Other Details

MetaMask's crypto users are at risk of getting their digital wallets drained.

The crypto wallet provider announced that a new digital coin scam is targeting its users.

"A new scam called 'Address Poisoning' is on the rise," said the company via its official announcement post on Jan. 12.

MetaMask's tweet has already generated over 1,300 retweets and 2,900 likes. In the comment section, many users shared their concerns.

If you are one of them, here's what you need to know about the new address poisoning scam.

MetaMask Crypto Users Targeted by 'Address Poisoning' Scam!

According to Coin Telegraph's latest report, the new crypto scam targeting MetaMask users is a simple campaign.

Also Read: Fake Crypto Wallet Apps Target iOS, Android Users-Mimicking Coinbase, Metamask, and More!

Although it doesn't rely on malware or other malicious software, the address poisoning scam can easily fool people.

MetaMask explained that the new malicious campaign works by sending token transaction records with a $0 value.

These fake txn records will contain addresses generated from vanity address generators; they look legit since they match the first and last characters of their victims' real crypto wallet addresses.

This can confuse users since these fake txn will be included in their legitimate transaction records.

The crypto wallet company said that the tactic could easily fool users who habitually copy their MetaMask wallet addresses.

If you also have this habit, you could send your funds to fake wallet addresses.

How MetaMask Users Can Stay Safe

If you are a MetaMask user, the crypto wallet company provided some tips on how to avoid the new address poisoning scam.

These include the following:

• Avoid copying your crypto wallet address during transactions.
• If you can't get rid of this habit, the best thing you can do is to double-check or triple-check wallet addresses before sending your funds.
• Use MetaMask's feature for frequently used addresses (Settings > Contacts)

If you want to learn more details about the new address poisoning scam that targets MetaMask, you can click here.

Aside from MetaMask and other crypto-related companies, social media platforms are also targeted by cybercriminals.

Recently, a hacker claimed that he sold over 400 million Twitter user data.

FBI also warned the public regarding cybercriminals using search engine ads to run scams.

For more news updates about scams and other malicious campaigns, keep your tabs open here at TechTimes.