Cryptocurrency wallet MetaMask will soon get a new feature that would alarm users about contacting with an address of a scammer as the industry is trying its best to bar from the illicit activity.
Subscribe to our Telegram channel to get daily short digests about events that shape the crypto world
As part of our ongoing commitment to keep our community safe and secure, we’re working with our friends @opensea and @blockaid_ on an experimental feature in @MetaMask that will warn users when interacting with known scams. pic.twitter.com/MPn9yE7utD
— MetaMask 🦊💙 (@MetaMask) April 5, 2023
According to a tweet teaser published on Wednesday, the list of scam addresses will be collected by OpenSea and Blockaid. Before sending crypto, MetaMask will scan the recipient's address to see if it's on the list or not.
With the new feature, users will benefit from OpenSea's blocklist of known scams, as well as Blockaid's analysis of malicious behaviors like signature farming and wallet draining, the tweet states. However, MetaMask hasn't disclosed a timeline for the update.
In February, MetaMask with the help of HAPI implemented a new feature that allows users to check smart contracts, tokens, and addresses for possible fraud or other risks.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange