How to Protect your funds if your Metamask got hacked?
In the unfortunate case your metamask got compromised what is the next thing to do?
Well the next step also depends how your metamask got compromised?
In most general terms I can classify this in two broad categories.
Check the damage
Though this can be left for later but it could be reassuring to see if your funds are safe.
For this open your metamask and check under the activity section
If there are no out word movement of funds that is a good sign and you can do a number of things to protect your funds.
steps to do if you clicked on a phishing link
The way this would work is you click on a phishing link or connect your metamaskwallet to a suspicious site.
This way it has access to your wallet an may prompt you to authorize the transaction.
So it is very important to double check how much funds you are sending and to whom.
Sometimes some sites prompt you to sign a transaction but in this garb withdraw your funds when you think you are only signing a transaction and not authorizing a fund transfer.
Use the lock out option
Under your account there is a lock option that would lock you and anyone else from the metamask instance.
This should work for phishing scams as the person or bot behind the scam would not have access to your password (unless you give it to them).
To protect your funds you can revoke access that you may have inadvertently granted to a site.
how to revoke access to a site
Use the 3 dots to access the menu which shows the site list to whom you have given access to metamask wallet.
View the connected sites
This list shows the sites that have been granted access by you.
Click on the click bin icon for sites to which you want to revoke access to.
Send out your funds and assets
Sent out your funds and assets to another wallet so that someone cannot use your funds and NFT's to his her own wallet.
This steps is specially useful if you feel someone has access to your private keys.
Get your self a hardwarewallet
Securing your funds with a hardware wallet is a good way to minimize the risk of loss.
A hardware wallet is a handy device which would protect your funds and ask you to validate each and every out going transaction.
Greetings @alphaleo ❤️💕
I never knew it's also possible to get one's funds or asset on metamask after loosing it to hackers. This is really educative!
Thanks for sharing this great post with love from @hardaeborla and I hope you have a great day ahead ❤️💕❤️
These are excellent tips on how to protect one's Metamask wallet. With the news of hacks that have been flying around, one should be very cautious of the security of their wallet so as to prevent bad actors from gaining malicious access to their wallet.
Nice piece buddy
Greetings @alfaleo
The truth is that these tips are very good for the protection of our resources, I hope not to go through those bad moments and I will certainly be more cautious with my wallet.
Thank you very much for sharing
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It is an interesting and useful article considering how easy it is for people to lose their money in crypto. I didn't know about the lock option which is really helpful in case of suspicious activity
Thanks for the sharing
This post is really great at times we may mistakenly click on a link but now we know how to revoke it. Thanks for given us this tip not everyone knows about it.
Thanks for sharing your experience with Metamask @alphaleo
Hopefully more people will be aware how easily it is to lose funds on metamask and how important it is to protect ourselfs. Based on my limited knowledge, it seem that common mistake is using public wifi's while being logged into Metamask.
I truly wish metamask would allow for more secured transfers. Lets say I want each transaction to be verified with code being send to email or 2FA. None of it is being implemented.
I like metamask for being userfriendly. But I see it as risky way of storing our funds.
I've resteemed this post already.
Cheers, Piotr
This is a very useful security tips double checking site before clicking on them is very important to protect one fund.