333ETH, one of the most active dApps built on Ethereum of today, has been classified as a potential active scam by MetaMask.
333ETH is a dApp on the Ethereum blockchain that initially procures some investment from its users and then gives them 3.33% daily dividends of Ethereum that gets send to its smart contract address. As of now, the application has not faced any complaints of any sort, but MetaMask seems to believe that it looks “too good to be true”, which is maybe why they have blacklisted 333ETH as an active scam.
So far over the last month, the dApp has transacted ETH of worth over $3 million from its smart contract address and has 1700 live users. While there seems to be nothing out of place as the application is working the way it was promised to, MetaMask seems to have its own doubts.
MetaMask is now warning its users with the following message when they try to visit 333ETH:
“MetaMask believes this domain could currently compromise your security and has prevented you from interacting with it. This is because the site tested positive on the Ethereum Phishing Detector. This includes outright malicious websites and legitimate websites that have been compromised by a malicious actor. You can turn MetaMask off to interact with this site, but it is advised not to.”
Though it is not uncommon for some dApps to turn out to be really scams of some sort, this particular move is viewed as a kind of “personal attack” on 333ETH by many.
As one Twitter user @ChrisBlec had to say,
“Very interesting that @metamask_io has blocked the #1 most-trafficked dapp because it simply doesn’t like it. From what I can tell, 333eth is an ownerless, autonomous, unstoppable smart contract with transparent code. Is it a good idea to use? No. Should bad ideas be blocked? NO.”
As to getting a definitive answer on whether this application is one with malicious intents, we can only wait.
Share your views on this action by MetaMask in the comments below! Stay tuned to CoinTopper.com for more updates.