Metamask - new feature that detects scams

[Grim_Fandango]

Few days ago Metamask announced development of new feature with the help of Opensea and Blockaid in order to help people not connect their wallets to known scams and lose all of their money that way. I am sure that people will still lose money this way, but I think that this feature will help to some degree. 


https://twitter.com/MetaMask/status/1643702565140348929?t=72HVnQNG2zmRbCqlVM0Krw&s=19

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[crzy]

This can be a big improvement from a wallet developer, at least Metamask will be more secured if ever.
I've read some news as well that Metamask are not allowing multiple IP address already, or this is just a rumor but this is only a restriction to a bounty hunter. If this new feature will be live, hopefully they can start to block hackers/scammers wallet though at least give them a chance of legitimacy since many might be affected by this even if they are a real wallet holder.

[abel1337]

We still own the wallet and freely do what ever we want. It is still our fault if we get scammed and the maximum effort that metamask and other wallet can do is to provide warning just like what metamask did. I agree that this isn't a fully scam proof feature but at least we have this kind of feature that is offered to us to potentially avoid these scams. Newbies are the one who I think will mostly benefit this kind of feature as they don't really know much on how things works and they are the target victims of these scam projects.

This feature is great indeed.

[zasad@]

Such features do not always protect users, because information becomes known after hacking. It is very difficult for those who are used to working on centralized exchanges to change their habits and force themselves to check every action and projects that their wallet interacts with.

[Nwada001]

Metamask coming up with a feature like this is a great one, which will help a few people a lot to some extent, but according to what they state, it will only help detect scam sites that have already been flagged, which means if the site is newly scam, they will still be unable to detect it as a scam, so what they are actually doing is blacklisting some sites, which they won't allow to connect into their database.

People who will misunderstand this might probably think every site that Metamask allows them to connect to after adding this feature is safe, and they will feel less of a concern than they should have, exposing themselves to more security risks than they could have ever been exposed to. It's a good thing to see that Old Metamask is still constantly working to safeguard their customers.

[FrozenBit]

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.

[X-ray]

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.

[ryzaadit]

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.

[jrrsparkles]

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.

[vv181]

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. ~

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.

[Xal0lex]

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.

[so98nn]

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.

[jacafbiz]

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

[ifarted]

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.

[jossiel]

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.

[TribalBob]

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

[o48o]

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.

[ololajulo]

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.

[Iyeman]

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

[Psynthax]

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.