Home Tv & Show How I lost $650,000 of crypto in SECONDS with a simple iPhone...

How I lost $650,000 of crypto in SECONDS with a simple iPhone mistake


A DEVASTATED crypto trader has revealed how he lost $650,000 (£499,000) at the hands of scammers who hacked into his iCloud account.

Domenic Iacovone had a load of valuable cryptocurrencies and NFTs saved in digital wallet app MetaMask before cyber thieves managed to bleed him dry.


Crypto trader is not happy with MetaMask…[/caption]

Writing on Twitter, he said it all began with a phone call he thought was from Apple.

Apparently he suspected it might be fraud at first so ignored it.

But when the caller ID showed up as Apple and saw it was an Apple number, he decided to call it back.

The fraudster on the other end of the phone said his account had been compromised and asked for a code that was sent to his phone.

But “two seconds later my entire MetaMask was wiped”.

He claims hackers pulled it off by getting hold of his secret 12-word “seed phrase” which is important to get into the crypto wallet and must not be shared with anyone.

Little did he know, MetaMask stores a seed phrase file on iCloud automatically from his iPhone.

So scammers must have gone in and swiped it, before emptying his account.

“Don’t tell us to never store our seed phrase digitally and then do it behind our backs,” Iacovone said.

“If 90 per cent of the people knew this I would bet none of them would have the app or iCloud on.”

MetaMask backlash

MetaMask has not commented on the incident but did tweet out advice to users amid the fury.

“If you have enabled iCloud backup for app data, this will include your password-encrypted MetaMask vault,” the firm warned.

“If your password isn’t strong enough, and someone phishes your iCloud credentials, this can mean stolen funds.

Read More on The Sun


Ronaldo shared heartbreaking moments of joy at BBQ before son’s tragic death


Mystery of stranger parking car on driveway for 7 days is SOLVED

“You can disable iCloud backups for MetaMask specifically by turning off the toggle here: Settings > Profile > iCloud > Manage Storage > Backups.

“If you want to avoid iCloud surprising you with unrequested backups in the future, you can turn off this feature at: Settings > Apple ID/iCloud > iCloud > iCloud Backup.”


MetaMask says switch backups off if you want to ‘avoid iCloud surprising you’[/caption]

  • Read all the latest Phones & Gadgets news
  • Keep up-to-date on Apple stories
  • Get the latest on Facebook, WhatsApp and Instagram

Best Phone and Gadget tips and hacks

Looking for tips and hacks for your phone? Want to find those secret features within social media apps? We have you covered…

  • How to get your deleted Instagram photos back
  • How to track someone on Google Maps
  • How can I increase my Snapchat score?
  • How can I change my Facebook password?
  • How can I do a duet on TikTok?
  • Here’s how to see if your Gmail has been hacked
  • How can I change my Amazon Alexa voice in seconds?
  • What is dating app Bumble?
  • How can I test my broadband internet speed?
  • Here’s how to find your Sky TV remote in SECONDS

We pay for your stories! Do you have a story for The Sun Online Tech & Science team? Email us at [email protected]

Previous articleFrexit warning as Macron man Clement Beaune accuses Le Pen of planning covert exit from EU
Next articleLiverpool fans plan to hold a minute's applause to pay tribute to Man United star Cristiano Ronaldo


Please enter your comment!
Please enter your name here