Topic: Metamask - new feature that detects scams - page 3. (Read 453 times)
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.
they should've implemented such thing from the early days, but at least the fact that it has gotten implemented right now is already good enough, so many newbies are getting scammed through fake smart contract and so called dapps, that there are so many money gets wasted. I'd say, it's such huge help coming from metamask for the general newbie out there.
There must be a reason why they did not do it, maybe they did not had the resources to do so or maybe it was a matter of ideology, in which they preferred to let their customers do as they wished without given them any kind of warning, but as the number of scammers has increased during the previous years then they found themselves on the obligation to do a move like this to protect the ones using their wallet or they risked losing them to other wallet providers. 
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.
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.
This is a great development to combat fraud and scams that exploit the cryptocurrency community. This is a huge help for uninformed users to detect and prevent them from connecting their metamask to phishing and malware-injecting sites.
It is obvious that these scams and fraud sites are reported by the community. Without the participation of the community, these scam sites will not be exposed. Sadly it needs other people to lose funds before knowing the sites to be fraud or scams.
Community is still playing the vital role in this case. Without community and the list of scam will not evne increase as it needs to be added manually by reporting the known scam to the group. It's good but it's not so useful for us. When scammers will always change the address and it will not able to detect it. it's hard to say that this feature is good. Due diligence by any crypto user is a must
It is obvious that these scams and fraud sites are reported by the community. Without the participation of the community, these scam sites will not be exposed. Sadly it needs other people to lose funds before knowing the sites to be fraud or scams.
unfortunately if it's just some warning like this many are still gonna gets scammed, trust me, some people gets scammed not because they are fool but because they are getting blinded by their greed, even if it seems risky and could cause them incur money loss, they will try it anyway because they are greedy.
metamask should just block wallet from interacting with the list of scam contract completely.
Well obviously. That's basically one of the features of crypto. Self custody. Not everyone can or should do it as some people are not going to be able to handle their finances. Claiming otherwise would be ableism. The fact is that some people will always need someone more or less to look after them and those people need extra security unless they want to get scammed. It's basically same argument that is in big vs small government. metamask should just block wallet from interacting with the list of scam contract completely.
unfortunately if it's just some warning like this many are still gonna gets scammed, trust me, some people gets scammed not because they are fool but because they are getting blinded by their greed, even if it seems risky and could cause them incur money loss, they will try it anyway because they are greedy.
metamask should just block wallet from interacting with the list of scam contract completely.
metamask should just block wallet from interacting with the list of scam contract completely.
they should've implemented such thing from the early days, but at least the fact that it has gotten implemented right now is already good enough, so many newbies are getting scammed through fake smart contract and so called dapps, that there are so many money gets wasted. I'd say, it's such huge help coming from metamask for the general newbie out there.
Community is still playing the vital role in this case. Without community and the list of scam will not evne increase as it needs to be added manually by reporting the known scam to the group. It's good but it's not so useful for us. When scammers will always change the address and it will not able to detect it. it's hard to say that this feature is good. Due diligence by any crypto user is a must
I find this also very useful, especially when used by newcomers to the electronics market, sometimes they have ignorant usage behaviors that lead to unnecessary losses.
Although to me the use of metamask is only seen as a small means, and the main mistakes are still their own, so blaming the support tools as many people have expressed in this market also needs to be reconsidered. Remember that it is we who make mistakes, but this new update of the metamask is also great.
The last time I checked they planned to announce when it is safe after working with Opensea and Blockaid, but we haven't heard from them. Most online platforms that delegate their security to another company do not have my trust. While Metamask has been more aware of the need to enhance wallet security this year, they have not made significant progress in that area. Although to me the use of metamask is only seen as a small means, and the main mistakes are still their own, so blaming the support tools as many people have expressed in this market also needs to be reconsidered. Remember that it is we who make mistakes, but this new update of the metamask is also great.
I mean i love metamask and people don't remember what hell it was to use early versions of MEW compared how smooth you can connect with metamask.
And that said, why it took them 5 years to implement something like this? I totally understande that we don't owe them anything, and i might seem like self entitled annoying user when i even ask this as i haven't done anything for them. But 5 years of scams is a long time to figure out what could be done. One would think that security of the non tech savvy users would be high on the priority list.
And that said, why it took them 5 years to implement something like this? I totally understande that we don't owe them anything, and i might seem like self entitled annoying user when i even ask this as i haven't done anything for them. But 5 years of scams is a long time to figure out what could be done. One would think that security of the non tech savvy users would be high on the priority list.
yes i just opened my metamask , i saw that screen , this is better i think because more and more scams with fake links are increasing day by day . hopefully with this there will be less and less people experiencing losses from fake links
very good development from metamask, but this is not only our wallet will be 100% safe from thieves always keep your funds in a private wallet that is not to be connected to other sites
very good development from metamask, but this is not only our wallet will be 100% safe from thieves always keep your funds in a private wallet that is not to be connected to other sites
That's actually good if there will be another layer of protection that they'll add as a feature.
But you know what these hackers will still do something with it and will be able to reverse unless they won't announce the source codes of it so that these hackers won't have that idea.
Still, that will be a piece of cake from these hackers as they're very skilled and sadly, what we must do is to be more cautious and spread knowledge on how to avoid being phished or hacked.
But you know what these hackers will still do something with it and will be able to reverse unless they won't announce the source codes of it so that these hackers won't have that idea.
Still, that will be a piece of cake from these hackers as they're very skilled and sadly, what we must do is to be more cautious and spread knowledge on how to avoid being phished or hacked.
This will only work when the scam is already known as what you can read from their post. If you ever connect to a platform or website that is a scam that is not known yet then you won't get that notification or warning message when interacting with the site. It is a good step by metamask since you will get warned that it might be a scam site that you haven't know yet and metamask have it in their data or list of scam sites or a suspicious website.
I think this is a good step in the right direction, most people have lost money because of these scam links and once you click it and it gains access to your account they drain everything and even anything you sent to this address later. People have been asking the MetaMask team to do more in this direction, though this won't eradicate scams but will surely help reduce scam incidence where people lose money to these scam links
Finally some amazing feature by a wallet. I think this is possible due to connectedness of MetaMask to World Wide Web via its browser extension. The permission grants access to data that is being surfed, the site info and certificate access. This might be making it easier for MetaMask to join the force with opensea and blockaid.
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.
MetaMask might be getting upper hand there as well. Great feature.
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.
MetaMask might be getting upper hand there as well. Great feature.
Metamask is becoming more and more feature-rich, transforming itself from a wallet into a multitasking machine. The question is whether this wallet will remain as secure as before or if hackers will have more opportunities to find vulnerabilities. Of course, I understand that the developers want to make their brainchild into something more than just a wallet, additionally attracting more and more attention to metamask, but nevertheless, I began to have more doubts that it will work perfectly and there will not be some data leakage.
Such features do not always protect users, because information becomes known after hacking.~
They still need to analysis the wallets to be marked as scam wallet/contracts.
If you're patient zero of the victim, there is nothing to do anymore still losing the money. ~
If you're patient zero of the victim, there is nothing to do anymore still losing the money. ~
As stated in the tweet it is indeed only prevents users from known scams, but I think it would significantly reduces the number of scam victims. 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.
Anyway, this kind of feature is surely a good thing for users but as both of you said, it does not address one of the root causes which is the user itself that lacks securities concerns. Also, those scammers certainly won't stop improving, I'm sure they would try to find a way to bypass this prevention system.
Something is better than nothing so atleast thos feature will stop scams that is already exposed but this isn't a life saviour so as a user we should be cautious while connecting our wallets with other sites and even while making transactions that is why having multiple wallets can save you from loss like airdrop scams, dust attacks and like those.
They still need to analysis the wallets to be marked as scam wallet/contracts.
If you're patient zero of the victim, there is nothing to do anymore still losing the money. This work, after so many transaction are scamming always to check and re-check again for a website/smart-contract you're connected.
Best advice is always with a fresh wallet, make a different with your main wallet.
If you're patient zero of the victim, there is nothing to do anymore still losing the money. This work, after so many transaction are scamming always to check and re-check again for a website/smart-contract you're connected.
Best advice is always with a fresh wallet, make a different with your main wallet.
It must be marked that if the wallet will be only detecting a known scam that is already written in the database but as long as the scammer is not even using an address related to the old address that is used for the scamming purpose and it still very hard to call it as a scam.
This feature is good enough but i wonder how fast the feature updates with the latest scam that discovered by people in the market. Let's see how effective that feature is. The accuracy actually depend on the what kind of scam that already reported and submitted to the database.
The good thing is if I think that if metamask is reliable enough to detect so many scams. The community must be so active to report any scam that is being discovered.
The hackers will always come up with new ways of scam others. I think that if the most important thing is never try to believe in someone who you didn't even know about him.
This feature is good enough but i wonder how fast the feature updates with the latest scam that discovered by people in the market. Let's see how effective that feature is. The accuracy actually depend on the what kind of scam that already reported and submitted to the database.
The good thing is if I think that if metamask is reliable enough to detect so many scams. The community must be so active to report any scam that is being discovered.
The hackers will always come up with new ways of scam others. I think that if the most important thing is never try to believe in someone who you didn't even know about him.
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