MetaMask restricts access to Compound DeFi Loan Agreement V2 page due to phishing detection

On March 9, MetaMask has restricted access to the V2 page of the DeFi Loan Agreement Compound due to phishing detection. Reasons for appearing on the MetaMask w

MetaMask restricts access to Compound DeFi Loan Agreement V2 page due to phishing detection

On March 9, MetaMask has restricted access to the V2 page of the DeFi Loan Agreement Compound due to phishing detection. Reasons for appearing on the MetaMask warning list may include known fraud or security risks.

MetaMask has restricted access to Compound V2 page due to phishing detection

Analysis based on this information:


MetaMask, a popular Ethereum wallet, has recently announced that it has restricted access to the V2 page of the DeFi Loan Agreement Compound due to phishing detection. The announcement was made on March 9, 2021, through the official Twitter account of MetaMask.

The DeFi Loan Agreement Compound is a decentralized lending platform built on the Ethereum blockchain. It allows users to borrow and lend cryptocurrencies without the need for a centralized intermediary. The platform is known for its high yield farming, which allows users to earn interest on their cryptocurrency assets by providing liquidity to the platform.

According to MetaMask, the reason for restricting access to the Compound DeFi Loan Agreement V2 page is due to phishing detection. MetaMask has a warning list that identifies known fraud or security risks. When a user tries to access a website that is on the warning list, MetaMask blocks the access and shows a warning message to the user.

Phishing is a common type of cyber attack where scammers try to trick users into providing their sensitive information, such as passwords, through fraudulent emails or websites. In the context of DeFi lending platforms, phishing attacks can be particularly dangerous as they can lead to unauthorized access to user funds.

The decision by MetaMask to restrict access to the Compound DeFi Loan Agreement V2 page is a proactive measure to protect its users from potential phishing attacks. By blocking access to a website that is suspected of being fraudulent, MetaMask is ensuring that its users cannot accidentally fall victim to a phishing scam.

In conclusion, MetaMask’s decision to restrict access to the Compound DeFi Loan Agreement V2 page due to phishing detection is an important step in ensuring the security and safety of its users. It highlights the risks associated with DeFi lending platforms and the importance of taking proactive measures to protect against cyber attacks.

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