MetaMask, a wallet provider for cryptocurrency, has denied all claims that an exploit of the wallet is the main cause behind a massive wallet-draining operation- that resulted in over 5,000 Ether being stolen.
On the 18th of April, the wallet provider tweeted in response to a series of tweets that had been posted on the 17th of April by Taylor Monahan- the founder of MyCrypto- a wallet manager for Ethereum, who then went on to explain that an unidentified wallet-draining exploit had stolen around $10.5 million in crypto and NFTs since December 2022. The company further stated that the recent reporting on the Twitter thread had incorrectly claimed that a massive operation for wallet-draining had been the result of such an exploit.
MetaMask Has Rebuffed Claims Of Massive Wallet Draining Operation
MetaMask further stated that the ETH which was stolen was exploited from various addresses across 11 different blockchains. This reaffirmed the claim that the funds had not been hacked from the company. In an interview with Cointelegraph, Ohm Shah, the co-founder of Wallet Guard, stated that the team had been researching this matter tirelessly, and currently there was no solid answer as to how this came to pass. Shah further stated that there were thousands of other independent security researchers who were also investigating this. He speculated that it could be absolutely possible that there had been some sort of a private key or a seed phrase leak.
Monahan, on her part, stated that no one knew how the attack had been conducted- but the best guess she could offer was that a significant amount of old data had been obtained and was later used to extract the funds. She had also originally claimed that the attacker had drained long-term MetaMask users and employees by utilizing MetaMask.
