MetaMask Users Hit by Sophisticated Fake 2FA Scam—Here’s How to Protect Your Crypto

Another day, another crypto scam—but this one's got a new twist that's catching even seasoned MetaMask users off guard.

Security researchers just exposed a phishing campaign that bypasses traditional two-factor authentication protections. The attackers aren't just after your password anymore; they're after your entire authentication flow.

How the scam works

Users receive seemingly legitimate notifications prompting them to "secure" or "update" their MetaMask accounts. The links lead to polished fake login pages that capture credentials in real-time. But here's the clever part: the attackers immediately use those credentials on the actual MetaMask site, triggering legitimate 2FA codes.

Victims then receive follow-up messages requesting those temporary codes—and that's when the wallet gets drained. The whole process happens in minutes, leaving users watching helplessly as their assets disappear.

Why this matters for crypto adoption

Self-custody means self-security. While exchanges handle most authentication headaches for users, wallet users carry that burden themselves. This scam highlights the growing sophistication of attacks targeting individual holders rather than centralized platforms.

Protection measures that actually work

Never share 2FA codes with anyone—legitimate services won't ask for them. Bookmark official sites instead of clicking links. Consider hardware wallets for significant holdings. And remember: if an "urgent" security message creates panic, it's probably designed that way to bypass your rational thinking.

The irony? While traditional finance complains about crypto's "lack of security," their own customers get hit with SIM-swapping attacks that make this look almost sophisticated—and those victims rarely get their money back either.

Stay skeptical out there. In crypto, your greatest security vulnerability often sits between the chair and the keyboard.

SlowMist’s Chief Security Officer recently flagged a new phishing scam that targets MetaMask wallet owners by copying official security alert pages to steal mnemonic seed phrases. The scam starts with a forged MetaMask alert and leads users through a fake two‑factor authentication FLOW that includes a countdown timer and looks urgent and legitimate. Victims are eventually asked to enter their wallet recovery phrase, which attackers then use to access and drain funds from the wallet. MetaMask never asks for seed phrases on websites, so always check the URL and avoid entering sensitive information.