In a blow to NFT wallet drainer scammers, MetaMask has updated its browser extension and wallet, making it harder for the scams to occur. The new feature asks you to grant permissions to your wallet instead of automatically doing so with a \u2018set approval for all\u2019 warning. However, it is essential to note that although it will add to the overall security of your NFTs, you should always keep up to date with the most recent security protocols.<\/span><\/p>\n From this week, MetaMask users will have an extra layer of security when using their crypto wallets. The 10.18.0 update includes a huge software change that will now ask for access permission rather than automatically granting it.\u00a0<\/span><\/p>\n The update by MetaMask is much needed and is in response to a vast wave of NFT wallet drainer NFT scams. Many people have been victims of these malicious scams through Twitter or Discord. <\/span><\/p>\n Notably, the NFT space has seen a wave of new social media scams via this method over the past six months. Some of the most significant NFT projects and most popular influencers have also been scammed.<\/span><\/p>\n Because of how the scams work and how they give these scammers complete access to your NFTs and crypto, some people have lost millions. Basically, the scammers connect your wallet to a malicious smart contract, that steals your assets.<\/span><\/p>\n Hopefully, now with this extra layer of security, people will have more time to consider their options and think about how, why and to who they are granting access to their wallets.<\/span><\/p>\n MetaMask is a leading Ethereum wallet with over 21 million active users. MetaMask is trying to stay one step ahead of the NFT wallet drainer scams to protect its users. Because many people use its crypto wallets, MetaMask must act quickly and solve the issue.<\/span><\/p>\n The new release this week aims to disrupt the NFT scam industry. With the setApprovalForAll permission on MetaMask, users can avoid these types of wallet drainer scams. Users will no longer automatically connect. What\u2019s more, if you don\u2019t approve access, the other person can not access your NFTs or crypto funds.<\/span><\/p>\n In the latest Github post by MetaMask on their software development repository, they offered screenshots and information on how the new security feature will work. <\/span><\/p>\n One of the screenshots has text that says, \u201cGive permission to access all of your BAYC?\u201d It also offers a second warning, stating. \u201cBy granting permission, you are allowing the following account to access your funds.\u201d<\/span><\/p>\n In June, a MetaMask software engineer called Alex Donesky wrote on GitHub about the ongoing issues in the NFT space. He said, \u201cThere is some urgency to get something out there since this method is so commonly used.\u201d<\/span><\/p>\n The MetaMask update will help to reduce the amount of NFT wallet drainer scams, but they cannot stop them completely. NFT scams also rely on social interaction. People will often trick others into giving them access to their wallets. Finally, it is important to remember to keep your private key safe and never reveal it to anyone else.<\/span><\/p>\n![\"image](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/627a5292e9cd5e66398d1215_metamask-PYMNTS-1000x600-1.jpeg.webp)
\n<\/picture>MetaMask update will help reduce NFT wallet drainer scams<\/span><\/h2>\n
![\"image](\"https:\/\/nftevening.com\/wp-content\/uploads\/2022\/07\/176295985-be7915aa-c914-473d-a458-8d6869849aec.png.webp)
\n<\/picture>How does the MetaMask 10.18.0 update work?<\/span><\/h2>\n
Github post by MetaMask confirms focus on NFT wallet drainer scams<\/span><\/h2>\n
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\n<\/picture>NFT security knowledge is still the best way to stay safe<\/span><\/h2>\n