In yet another cause of concern for the crypto community, ConsenSys, the parent company of cryptocurrency wallet MetaMask, said there was a cybersecurity breach of user data. However, the company said the MetaMask browser extension and its mobile app are safe. The cryptocurrency wallet actually does not store user data as the software is non-custodial. However, the data breach occured at the end of one of its third party service providers, the company said on Friday.

In November 2022, Metamask was subject to criticism after its updated privacy policy authorized a communication protocol provider to collect user data like the IP address and your Ethereum wallet address when performing transactions. Following widespread concerns over gathering user data, Consensys later clarified on its privacy policy.

Consensys had on Friday issued a statement about the user data breach. It said the incident was limited to around 7,000 users who submitted personal data to MetaMask customer support between August 1, 2021 and February 10, 2023. The company clarified that its browser extension and the app were safe.

(By Anvesh Reddy)