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Metamask Advises Users to Disable iCloud Backups After $650k Phishing Scam

DeFi wallet advises users to disable iCloud back-ups to avoid future scams. Users are asked to disable iCloud backups of MetaMask in the wallet app...
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DeFi wallet advises users to disable iCloud back-ups to avoid future scams. Users are asked to disable iCloud backups of MetaMask in the wallet app by going into Settings > Profil > iCloud > Manage storage > Backups. MetaMask’s response to community members has been criticized.

MetaMask, a crypto wallet, issued a warning to users advising them to disable their iCloud back-ups after an Apple exploit in a $650,000 phishing scheme.

DeFi said that users with iCloud enabled iPhone app data were vulnerable to hackers Sunday because backups included their password-encrypted MetaMask vault.

“If your password doesn’t hold strong enough, and someone phishes you iCloud credentials,” MetaMask Tweet.

The company did not immediately respond to a request for comment.

One such phishing attack saw hackers drain $650,000 from Domenic Iacovone, a NFT investor,’s OpenSea Account, which included several Mutant Ape Yacht Club collectibles.

Iacovone tweeted: “I received a call from Apple. Literally from Apple (on the caller Id). I called it back because I suspected fraud, and it was an Apple phone number.” They asked me for a code and my entire MetaMask disappeared within seconds.

MetaMask’s response to community members has been criticized. They argue that hackers looking for access to digital wallets should be made more difficult or the backup feature in iCloud should be disabled.

ConsenSys, MetaMask’s parent company, stated in February that it was considering leverage NFTs to increase its user base and build a white-label NFT platform.

Although there are efforts being made to address this issue, critics claim that cases such as Iacovone’s show ConsenSys’ need for security improvements if it wants to attract the next wave of wallet users.

Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".
Felipe Rodriguez

Felipe Rodriguez

Felipe states he has super powers, some argue that case but he does come up with some very clear predictions. Felipe is based in the US and frequently travels to Brazil where he was born. He is a journalist of the future and has a portfolio of crypto projects he has worked with. Felipe always says "The future doesn't scare me as much as the past, crypto is here to stay but only time will tell where it will take us".

© 2022 The Daily Encrypt. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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