Cryptocurrency pockets supplier MetaMask has denied claims that an exploit of its pockets is the reason for a “large pockets draining operation” that has claimed over 5,000 Ether (ETH).

On April 18, MetaMask tweeted in response to a sequence of tweets posted on April 17 by Taylor Monahan, the founding father of Ethereum pockets supervisor MyCrypto, who defined an unidentified wallet-draining exploit has stolen over $10.5 million in crypto and nonfungible tokens (NFTs) since December 2022.

“Current reporting on [Monahan’s] thread has incorrectly claimed {that a} large wallet-draining operation is a results of a MetaMask exploit,” MetaMask stated.

“That is incorrect. This isn’t a MetaMask-specific exploit,” it added.

The pockets supplier stated the 5,000 ETH was stolen “from varied addresses throughout 11 blockchains,” reaffirming the declare that funds have been hacked from MetaMask “is inaccurate.”

Talking to Cointelegraph, Pockets Guard co-founder Ohm Shah stated the MetaMask workforce has been “researching tirelessly,” and there’s “no stable reply to how this has occurred.”

“There are tons of unbiased safety researchers additionally investigating this,” Shah stated.

He speculated it was potential to imagine that there had been “some type of personal key or seed phrase leak.”

In its newest sequence of tweets, MetaMask confirmed its safety workforce was researching the supply of the exploit and was “working with others throughout the Web3 pockets area”

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In her thread on the exploit, Monahan acknowledged that “nobody is aware of how” this large assault was carried out, however her “greatest guess” was {that a} important quantity of outdated knowledge was obtained and used to extract the funds.

She additionally initially claimed the attacker was draining long-time MetaMask customers and staff by utilizing MetaMask.

Monahan later acknowledged the exploit just isn’t MetaMask-specific and “customers of all wallets, even these created on a {hardware} pockets,” have been impacted by the exploit.

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