The Backlash of MetaMask Stealing Users’ Data

Share This Post

MetaMask users took to Twitter to voice outrage concerning the crypto and NFT wallet stealing the data of its Infura users without consent

On November 23, 2022, ConsenSys published the most recent version of MetaMask’s privacy policy. The document states that if users’ use Metamask’s default third-party Remote Procedure Call (RPC) provider, Infura, information on the users’ IP and Ethereum wallet addresses are collected.

Quick Take: 

  • MetaMask’s privacy policy states it collects Infura users’ private information during transactions.
  • The crypto and NFT community took to Twitter to voice concerns (and rightly so).

MetaMask’s New Privacy Policy – Important Elements

MetamMask’s privacy policy states that ConsenSys—the blockchain venture studio supporting numerous projects within the Ethereum ecosystem—is collecting the private data of MetaMask’s Infura users.

This new policy states:

As you can see, MetaMask will collect all Infura users’ identity. This includes contact, profile, financial, marketing, and technical information.

Considering there are 21 million monthly active users, many Infura members will be affected. Whether they like it or not.

Twitter Backlash and Final Thoughts

This new policy is said to help MetaMask to adhere to laws, such as know-your-customer (KYC) and anti-money laundering (AML) regulations—to minimize the risk of anonymous NFT and crypto traders.

Nevertheless, the wallet takes this data without consent. So, many users are taking to the social channel to voice their concerns (and we don’t blame them):

Unsurprisingly, other crypto wallet companies are jumping on the bandwagon to gain more traction:

Whereas other users are taking to the social channel to direct people about how to better protect themselves, without leaving the crypto and NFT wallet entirely:

After receiving a large amount of backlash, the MetaMask team responded with a rather counterproductive tweet that did not help matters:

Yet again, Twitter hasn’t failed us regarding NFT and crypto-related news and drama.

If the team behind the crypto wallet proceeds to act abruptly and insensitively, it looks like MetaMask’s success may be on the line.

Subscribe to the NFT Lately newsletter to receive news covering the latest NFT-related drops, releases, reviews, and more.

spot_img

Related Posts

Coinbound Appoints Lindsay Keyfauver to Director of Coinscribble

New York, NY – October 2nd, 2024 – Coinbound,...

Coinbound Named to Manifest’s Global Most Reviewed Advertising and Marketing Agencies List for 2024

Honored for Excellence in Blockchain Marketing, Crypto Marketing, Investor...

Void 2122 to Unlock a New Era of Combat Card Gaming with NFTs

The pioneering force in the Web3 landscape, Void 2122,...

Magic Eden Adopts Solana’s Compressed NFTs

Magin Eden, the distinguished NFT marketplace, recently announced its...

Friend.tech Returns With Surging NFT Trading Volumes

Friend.tech, the decentralized social media app, has shown an...

Related Posts

CoinGecko vs CoinMarketCap: Which Is The Better Crypto Tracker?

CoinMarketCap and CoinGecko are two of the most popular...

Art Blocks NFT Review – A Trendy Hub for Innovation and Art

How Art Blocks allows artists to create custom on-demand...

The Top 10 Most Expensive NFTs Sold

7 out of the 10 most expensive NFTs sold...

Justin Beiber’s Track “Company” Releases as NFT

The renowned global pop sensation Justin Beiber’s 2015 hit...

‘Snoop Dogg Passport’ NFTs Open Backstage Experiences

Renowned rap artist Snoop Dogg ventures into the Web3...