Topic: Metamask - new feature that detects scams - page 2. (Read 437 times)
This will be very helpful, we can see that currently there are very many Daaps scam sites and some have trapped thousands of users and lost their assets. Metamask provides a very useful feature, unconsciously metamask will warn us when trying to connect a wallet with a scam site. But conscious vigilance must still exist, manually check the site to be visited and connected to the wallet, that will be the first rule that must be carried out to make it safer.
Finally such prevention has come, it's just mad that so many scams impersonating dapps stealing money through complicated means which abstract itself from becoming too obvious and they're successful at it, it needs to stop eventually.
Even though many have stated that such thing might be just futile attempt but regardless at least there's still warning that could just prevent some from making the transaction.
It's just made these days that to just use some smart contract we should be looking out for the fake version for it, even worse if we forget in revoking the permission of using the ERC20 it's gonna get stolen eventually.
It seems metamask team has finally realize that such thing is so rampant and this need immediate prevention.
We that are not new in here can now easily detect scams but we are still happy with the implementation made by Metamask because it helps newbies to possibly prevent being scammed. Gone are the days that when a newbie gets scammed, they will then blame all crypto and never go back here. Worse is they also warn the other people that they know to not engage here. That kills the adoption.Even though many have stated that such thing might be just futile attempt but regardless at least there's still warning that could just prevent some from making the transaction.
It's just made these days that to just use some smart contract we should be looking out for the fake version for it, even worse if we forget in revoking the permission of using the ERC20 it's gonna get stolen eventually.
It seems metamask team has finally realize that such thing is so rampant and this need immediate prevention.
It's kind a late for Metamask to think of the idea but I guess this is better than nothing at all because at least they try and we know that they are concern. I just hope that other wallet providers will follow it and made their own versions too on how can we prevent crypto scams.
The new Metamask feature you mentioned could be useful in protecting users from blockchain fraud. The feature allows the user to check if the wallet they are about to use is on the list of known fraudulent wallets. If the wallet is on this list, then this may indicate that its owner may be trying to deceive users.
But as you rightly point out, despite this feature, people can still get scammed and lose their money. Therefore, it is very important to be careful and vigilant when dealing with cryptocurrencies, using only verified and reliable sources of information and wallets.
But as you rightly point out, despite this feature, people can still get scammed and lose their money. Therefore, it is very important to be careful and vigilant when dealing with cryptocurrencies, using only verified and reliable sources of information and wallets.
A good move from the metamask wallet and hopefully when the user gets a warning like that it will follow what is shown because sometimes what makes the user lose coins is ignoring the notification because they think it's a system error especially if the step is to take a coin airdrop, so actually the good intentions of metamask must also be followed by the awareness of its users for security.
Wow, it's really great news. I think we need more of these things. We need more parties who care about the security of investing in crypto, since security is one if not the most important thing. Even if it won't handle the scam issue, at least it can educate people and minimize the risk. Each day, scams and trials are coming like mushrooms on rainy days, and efforts like this from big players in the crypto world would be much appreciated. We've been exposed to many scams almost every day, and it's really worrisome. No doubt this kind of move could help.
Metamask includes upgrades that are sufficient for further security in order to reduce losses from its use, but all of this is solely our fault because we are careless when we wish to conduct transactions. However, with a function like that, it can be simpler for us to receive a warning before visiting a questionable investing application or website, thus I am quite pleased with the upgrade.
To be honest I'm very impressed with the current developments in Metamask, because apart from the security features you mentioned, Metamask also has many new features such as swap and britge. I think in the near future there will be a lot of development by the metamask team.
This is indeed a good update and a big game changer, imagine being tagged as a scam wallet and freezes your crypto this can save a lot of users from falling into a fake wallet. What will happen though if your wallet being tagged as a scam? Are they going to release the crypto or seize it and airdrop it to the public? 
Well this update really helpful to anyone whose been using metamask. A prompt like this could avoid potential threats on some dapps that could have been made by scammers. Since we arent sure if we are connecting to a right and legit dapps.
I didnt recognize such dialogue box yet means Im safe for some dapps that are harmful to a wallet.
I didnt recognize such dialogue box yet means Im safe for some dapps that are harmful to a wallet.
this update can really help newbies to avoid fraudulent sites and I've updated my metamask now, many features are helpful and can be used whether it's to detect sites marked fraud even dangerous contract addresses, so far I'm more interested in using metamask than wallet other crypto browsers because it's easier to make transactions and connect to any crypto site.
Seems more useful for airdrop participants when connecting metamask account with new wallet or new dapp, I have been used metamask for longer time and new feature will help us to know with scam connecting site and have risk. Still not found with risk connecting maybe with all my metamask connection seems secure and don't get like the picture sending by OP.
Feature detected with scam site by connecting metamask will help many people and warning when signing approving activities help us in faster moment to know about site secure or not.
Welp, this is better than nothing you know, but to me it's just like that anti-virus thing where they have a bunch of list of potentially dangerous apps trying to invade your computer. This is a great start and a better development and I hope this will grow more in the future to help investors choose the right investment without losing too much from a scam token. Aly, it's not that really perfect to avoid scam tokens since most of them are just starting, so a scam potential token will be detected only if someone put it on the watchlist. Feature detected with scam site by connecting metamask will help many people and warning when signing approving activities help us in faster moment to know about site secure or not.
metamask has grown really fast over the course of the year, they're like the pioneer, this one steps they take to ensure the security of their users funds, definitely a good move.
after all not everyone have the knowledge to not get scammed, considering many scams attempts nowadays has become rampant, many are having their hard time differentiating between the scams and the real because of complexity from using dapps, I think if metamask gonna refine this feature over time it would be great and will keep many from losing money.
after all not everyone have the knowledge to not get scammed, considering many scams attempts nowadays has become rampant, many are having their hard time differentiating between the scams and the real because of complexity from using dapps, I think if metamask gonna refine this feature over time it would be great and will keep many from losing money.
Metamask user here. Pancakeswap has been safe for me to use.
I found ASH token on pancakeswap which is a recently new token that has rebounded from the last bear market. Since December is has steady growth of over 300%. Currently it's pretty evenly distributed over 1600 wallets and growing.. This isn't your typical token, it has a liquidity pool that builds with each transaction due in part to a transaction fee. Token holders get a vote on which projects this pool funds. Checkout there website ashtoken.io the incentive is in holding because 5% of that transacting fee goes back to wallet holders. Amazing concept that is going to continue to boost this token.
Beware of SCAMS and don't connect your wallet to a nontrusted website. Research all alt coins and trading platforms before connecting.
I found ASH token on pancakeswap which is a recently new token that has rebounded from the last bear market. Since December is has steady growth of over 300%. Currently it's pretty evenly distributed over 1600 wallets and growing.. This isn't your typical token, it has a liquidity pool that builds with each transaction due in part to a transaction fee. Token holders get a vote on which projects this pool funds. Checkout there website ashtoken.io the incentive is in holding because 5% of that transacting fee goes back to wallet holders. Amazing concept that is going to continue to boost this token.
Beware of SCAMS and don't connect your wallet to a nontrusted website. Research all alt coins and trading platforms before connecting.
Interesting news. Didn't hear about it. Need to know more about this. What you are discussing is a really interesting option. I think it will be very useful for users
To be honest I'm very impressed with the current developments in Metamask, because apart from the security features you mentioned, Metamask also has many new features such as swap and britge. I think in the near future there will be a lot of development by the metamask team.
This is indeed a good update and a big game changer, imagine being tagged as a scam wallet and freezes your crypto this can save a lot of users from falling into a fake wallet. What will happen though if your wallet being tagged as a scam? Are they going to release the crypto or seize it and airdrop it to the public? 
To be honest I'm very impressed with the current developments in Metamask, because apart from the security features you mentioned, Metamask also has many new features such as swap and britge. I think in the near future there will be a lot of development by the metamask team.
This is indeed a good update and a big game changer, imagine being tagged as a scam wallet and freezes your crypto this can save a lot of users from falling into a fake wallet. What will happen though if your wallet being tagged as a scam? Are they going to release the crypto or seize it and airdrop it to the public? 
Seems more useful for airdrop participants when connecting metamask account with new wallet or new dapp, I have been used metamask for longer time and new feature will help us to know with scam connecting site and have risk. Still not found with risk connecting maybe with all my metamask connection seems secure and don't get like the picture sending by OP.
Feature detected with scam site by connecting metamask will help many people and warning when signing approving activities help us in faster moment to know about site secure or not.
Feature detected with scam site by connecting metamask will help many people and warning when signing approving activities help us in faster moment to know about site secure or not.
Though, one question arises is how fast would those 3 projects will be able to analyze and confirm a scam or malicious contract, because that span on time will also affect the number of potential scammed users.
We will have to wait and see how effective this feature actually is. It wont save everyone of course but I think that it will still be very helpful.
Indeed, unfortunately, there is a lack of information that thoroughly explains how this scam detection feature works, which makes it hard to get a grasp of its potency.
I have tried to look around about signature farming and wallet draining behaviour that is managed by Blockaid, it seems that OpenSea has already those kinds of systems in place(https://opensea.io/blog/articles/our-efforts-to-prevent-nft-theft). So it is rather vague about what are the differences between the OpenSea system and Blockaid's analysis system. One thing that looks promising is that there is automation of interaction or transaction simulation taking place, which if we looked upon it on the surface, that could potentially reduce scam smart contact massively.
This is good, too many people who do not know how they should use their Metamask ended up connecting them to wrong places and ended up losing their money. This way it is at least a bit lesser chance to get it hacked like that, there are so many places that could steal from you and the lower you can get that number the better, because there are too many people who would fall for each of them, banning even few would be awesome.
These are for known scams at least, and that means there would be a lot of websites who can't continue to keep scamming people, I am pretty sure there would be some extra idiots who would override to reach in there, which would be realistic considering how many idiots are out there in the world.
These are for known scams at least, and that means there would be a lot of websites who can't continue to keep scamming people, I am pretty sure there would be some extra idiots who would override to reach in there, which would be realistic considering how many idiots are out there in the world.
The developers of Metamask have done a good job, and we should applaud them for it. With the implementation of this feature, if we connect to an insecure link, we will receive a warning and our wallet will remain secure. If such features are implemented in other wallets as well, it will be a significant achievement for the crypto community but we should also be careful while connecting the wallets to unknown links.
Though, one question arises is how fast would those 3 projects will be able to analyze and confirm a scam or malicious contract, because that span on time will also affect the number of potential scammed users.
We will have to wait and see how effective this feature actually is. It wont save everyone of course but I think that it will still be very helpful.
This sort of improvement may not be possible with the bitcoin wallet. If they do it then they will have to kee marking all the generated addresses which is tedious task with decentralised management.
This feature is probably not even needed for bitcoin wallets because you cant connect those to suspicious websites and lose your money that way as thats how majority of people lose money with Metamask.
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