MetaMask Adds Privacy-Preserving Security Alerts That Aims to Prevent Billions from Being Stolen
MetaMask, the world’s leading self-custody web3 platform developed by ConsenSys, and Blockaid, a leading web3 security provider, announce the launch of privacy-preserving security alerts in the MetaMask extension. This new feature makes MetaMask the first self-custody web3 wallet to integrate native security alerts, proactively preventing malicious transactions, protecting users from scams, phishing, and hacks, all while preserving users’ privacy.
MetaMask and Blockaid estimate that these privacy-preserving security alerts, available to all users globally, aim to prevent billions worth of assets from being stolen. The official launch is slated to commence on October 31st 2023, with the ability for desktop users to opt-in under the MetaMask experimental setting.
The feature will debut on the MetaMask mobile app later in November. By the first quarter of 2024, this new feature will be seamlessly integrated and enabled into the wallet by default, and the intention is to make it available to 100% of MetaMask’s users.
The First Wallet To Enhance Security Without Compromising Privacy
Most web3 wallets rely on sharing users' transaction data with a third party for validation to provide security alerts.
In contrast, MetaMask and Blockaid have pioneered a unique privacy-preserving module that effectively simulates transactions while eliminating the need to share every single transaction and signature request with external parties. Notably, India is now the second most important country for MetaMask in terms of users globally.
"With these native privacy-preserving security alerts, MetaMask is not only enhancing user safety but also setting a new standard for privacy-preserving security in the web3 ecosystem. Privacy is a core value
