MailGuard 01 March 2024 14:13:04 AEDT 4 MIN READ

Keep Your Crypto Wallet Secure: Email Scam Seeks to Dupe MetaMask Accountholders

The MailGuard team is currently blocking an email scam impersonating MetaMask, the crypto wallet and gateway to blockchain apps, with over 100 million users worldwide.

The scam email claims that ‘Our security systems have detected some unusual activity on your account’ and informs recipients that ‘the account has been temporarily disabled,’ before ‘Strongly advising you to activate Two-Factor Authentication (2FA) on your account without delay.’

See an example of the email below:


After clicking through on the link in the email, victims are redirected to a phishing page that is impersonating MetaMask. Initially they are met with a Cloudflare Captcha challenge to verify that they are a human, before being prompted for a recovery password for their crypto wallet. The page reiterates the notification in the email that unusual activity has been detected, adding that ‘Unverified Wallets About To Be Restricted – Protect Your Assets Immediately!’


All attempts to enter a password will be harvested by the attacker for later use, and the victim will be met each time with an error saying that the password is invalid. The attacker is likely to be automatically trying to verify the credentials.


MetaMask credentials are highly prized by cybercriminals, offering access to apps and services, along with the balance of Ethereum held in the wallet. With over 100 million users, it’s easy to see why the company and it’s accountholders are such an appealing target for scammers.

MailGuard advises all recipients of this email to delete it immediately without clicking on any links. Providing your personal details can result in your sensitive information being used for criminal activity and may have a severe negative impact on your business and its financial well-being.     

MailGuard urges users not to click links or open attachments within emails that:       

  • Are not addressed to you by name.       
  • Appear to be from a legitimate company but use poor English or omits personal details that a legitimate sender would include.       
  • Are from businesses that you were not expecting to hear from, and/or       
  • Take you to a landing page or website that is not the legitimate URL of the company the email is purporting to be sent from.      

Many businesses turn to MailGuard after an incident or a near miss, often as a result of an email similar to the one shown above. If unwanted emails are a problem for your business, don’t wait until it’s too late.  

Reach out to our team for a confidential discussion by emailing or calling 1300 30 44 30.

One email is all that it takes     

All that it takes to devastate your business is a cleverly worded email message that can steal sensitive user credentials or disrupt your business operations. If scammers can trick one person in your company into clicking on a malicious link or attachment, they can gain access to your data or inflict damage on your business.     

For a few dollars per staff member per month, you can protect your business with MailGuard's predictive and advanced email security. Talk to a solution consultant at MailGuard today about securing your company's inboxes.  

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