MyEtherWallet May Return Money to Users

MyEtherWallet may return the money to the users if the community reaches out to them thinking that it was the wallet's fault 
01 May 2018   1562

On April 25 we have reported that a number of MyEtherWallet DNS servers had been replaced by unknown hackers for redirecting users to a phishing site, and around $150k was stolen.

Finance Magnates interviewed Kosala Hemachandra, the founder of MyEtherWallet, and touched upon the questions of security, user protection, and reimbursement of stolen funds to the users.

In layman’s terms, someone broke the internet to phish MyEtherWallet. For two hours, all the traffic that goes through Amazon servers was redirected to a server in Russia. This happened within the core system of the internet structure.

Kosala Hemachandra

Founder, MyEtherWallet

MyEtherWallet founder stated that they are talking with security researchers, and gathering more information from users on exactly what happened.

[Reimbursing] is not something we’re planning to do because of all these things that happened, and they did get a warning. But, yeah, if the community reaches out to us and they think that it’s our fault in a way, that’s something we can look into for sure.

Kosala Hemachandra

Founder, MyEtherWallet

Moreover, MyEtherWallet team is now making something like a hardware wallet, but for the phone, which will be free to download and to use, and will create a peer-to-peer connection with MyEtherWallet which will be secured and encrypted with a private key.

MetaMask App to be In Public Beta

The app is synchronized with the cryptowallet in the original browser extension allowing to register new addresses in a moment
24 July 2019   277

The developers of the MetaMask Ethereum wallet wallet have opened the way for everyone to test the beta version of a mobile application available for Android and iOS.

According to the developers, the application is synchronized with the cryptowallet in the initial browser extension. It also allows you to manage crypto-assets, send ETH users and ERC-20 and ERC-721 standard tokens using ENS names (Ethereum Name Service), and interact with decentralized applications (dApps).

In addition, the application supports InstaPay payment channels for instant and free transactions. It also implements Web3 functionality, support for IPFS and various solutions to ensure a high level of security.

The launch of the mobile application MetaMask was announced 9 months ago during the Devcon4 conference in Prague.