MM
Recent victim of Ice Phishing Scam on Metamask
I sent some tokens from Metamask to a hardware wallet. The procedure was complex, involving a bridge and multiple contracts. One of them was an ice phishing scam in which I was asked to approve a transfer of coins... I'm not a hardware engineer or a coder. I'm just someone trying to keep my pennies safe. But I lost a massive chunk because Metamask allows through all these indecipherable (to non-tech users) "contracts" you have to approve just to move your coins/tokens. This creates the perfect opportunity for scammers to steal people's money since we average people have no way of knowing what these complex alpha-numeric contracts mean/are. Of course, Metamask excuses itself from any responsibility. Once again in Crypto, when horrible, billions-in-value-every-year fraud happens, the victims are on our own. THIS is a major reason for the support of heavy-handed regulation in the US. Web3 wallets like Metamask aren't doing nearly enough to protect users from ubiquitous fraud. I've since deleted my Metamask account and will never use a web3 wallet again. Better to be cast as a (tech-) Luddite than to be wiped out financially because fintech services/products providers fail to protect me from tech scams using their infrastructure.