You Could Lose Your Crypto If Apple Password ‘Isn’t Strong Enough,’ Warns MetaMask

You Could Lose Your Crypto If Apple Password ‘Isn’t Strong Enough,’ Warns MetaMask
The iPhone uses iCould is put on top of a MacBook Pro in Russia on Oct. 28, 2019. nikkimeel/Shutterstock
Benzinga
Updated:

Apple Inc users who have enabled an iCloud backup for app data could be at the risk of losing cryptocurrency stored in their MetaMask wallet.

What Happened: In a Twitter update on Sunday, MetaMask warned users that they may be susceptible to phishing attacks if their Apple ID password “isn’t strong enough.”
— MetaMask  (@MetaMask) April 17, 2022 MetaMask’s announcement comes after a user by the name of Domenic Iacovone reported as much as $650,000 stolen from his MetaMask wallet as a result of a phishing scam.
— Domenic Iacovone (@revive_dom) April 14, 2022
(Benzinga)
Benzinga
According to a run-down of the events by DAPE NFT Founder “Serpent,” the scammers were able to access Iacovone’s MetaMask wallet because his seed phrase had been automatically saved on his iCloud storage without his knowledge.
— Serpent (@Serpent) April 17, 2022 The scammers used a spoofed caller ID marked as Apple to convince the user a share a code sent to his device, claiming suspicious activity linked to his account.

After he shared the code, the scammers used it to reset his Apple password and enter his iCloud account, where they were able to access all data stored, including the one stored by MetaMask.

The scammers stole 132.86 Ethereum worth $402,988 and $252,400 in Tether.

By Samyuktha Sriram

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