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Cryptocurrency wallet provider MetaMask has denied claims that an exploit of its wallet is the cause of a \u201cmassive wallet draining operation\u201d that has claimed over 5,000 Ether (ETH<\/a>).<\/p>\n On April 18, MetaMask tweeted in response to a series of tweets posted on April 17 by Taylor Monahan, the founder of Ethereum wallet manager MyCrypto, who explained an unidentified wallet-draining exploit<\/a> has stolen over $10.5 million in crypto and nonfungible tokens (NFTs) since December 2022.<\/p>\n \u201cRecent reporting on [Monahan\u2019s] thread has incorrectly claimed that a massive wallet-draining operation is a result of a MetaMask exploit,\u201d MetaMask said.<\/p>\n Recent reporting on @tayvano_<\/a>\u2019s thread has incorrectly claimed that a massive wallet draining operation is a result of a MetaMask exploit. <\/p>\n This is incorrect. This is not a MetaMask-specific exploit. https:\/\/t.co\/MiJ3QgslMy<\/a><\/p>\n \u2014 MetaMask (@MetaMask) April 18, 2023<\/a><\/p><\/blockquote>\n \u201cThis is incorrect. This is not a MetaMask-specific exploit,\u201d it added.<\/p>\n The wallet provider said the 5,000 ETH was stolen \u201cfrom various addresses across 11 blockchains,\u201d reaffirming the claim that funds were hacked<\/a> from MetaMask \u201cis incorrect.\u201d<\/p>\n Speaking to Cointelegraph, Wallet Guard co-founder Ohm Shah said the MetaMask team has been \u201cresearching tirelessly,\u201d and there is \u201cno solid answer to how this has happened.\u201d<\/p>\n \u201cThere are tons of independent security researchers also investigating this,\u201d Shah said.<\/p>\n He speculated it was possible to assume that there had been \u201csome sort of private key or seed phrase leak.\u201d<\/p>\n In its latest series of tweets, MetaMask confirmed its security team<\/a> was researching the source of the exploit and was \u201cworking with others across the Web3 wallet space\u201d<\/p>\n Related:\u00a0<\/strong>SafeMoon hacker agrees to return 80% of stolen funds, says development team<\/strong><\/a><\/em><\/p>\n In her thread on the exploit, Monahan stated that \u201cno one knows how\u201d this massive attack was conducted, but her \u201cbest guess\u201d was that a significant amount of old data was obtained and used to extract the funds.<\/p>\n She also originally claimed the attacker was draining long-time MetaMask users and employees by using MetaMask.<\/p>\n Monahan later stated the exploit is not MetaMask-specific and \u201cusers of all wallets, even those created on a hardware wallet,\u201d have been impacted by the exploit.<\/p>\n Magazine:\u00a0<\/em><\/strong>Should crypto projects ever negotiate with hackers? Probably<\/em><\/strong><\/a><\/p>\n<\/div>\n\n