• MetaMask, a popular cryptocurrency wallet, experienced a data breach that affected 7,000 users.
• The source of the data breach was a third-party service provider.
MetaMask Reports Security Breach
MetaMask, the company behind the popular cryptocurrency wallet, has reported a security breach affecting 7,000 users. According to the firm, one of its third-party service providers was the source of the data theft.
Types of User Information Exposed
The firm revealed that user data had been compromised with around 7,000 people who contacted MetaMask’s customer assistance with sensitive information between August 1st 2021 and February 10th 2023 being affected by it. It is likely that email addresses were exposed although other information such as names, addresses, phone numbers and credit card details could have been leaked over an 18-month period.
Despite this news causing alarm in the crypto community, developers of the MetaMask add-on and mobile app have assured users that they remain secure as it is non-custodial software meaning it does not record any information about its users.
Regulatory Dangers Facing Cryptocurrency Sector
Instances such as this might increase already substantial regulatory dangers facing the cryptocurrency sector although further investigation into this matter is still needed in order to determine specifics of the breach itself.