A wave of panic swept through the crypto community when MetaMask, the crypto wallet, was removed from the iOS App Store.
MetaMask is the most-used non-custodial crypto wallet for Web3 DApps, including DEXs and holds a significant sum of funds. With over 30 million users, many panicked at what the outcome would be. Their fears heightened when they discovered they could not download the wallet on the MataMask website.
The Cause of the Removal Explained
There were fears that MetaMask’s security had been breached, placing hundreds of millions, if not billions, worth of crypto at risk. It turned out that MetaMask had fallen afoul of Apple’s strict policies. One of Apple’s policies is that an app cannot run unrelated background policies, including crypto mining.
MetaMask went on X, formerly Twitter, to reassure the crypto community. The tweet stated, “We expect MetaMask to be back on the App Store shortly.” True to their word, MetaMask is currently on the App Store, as revealed in a later tweet.
Past Challenges
The Apple suspension is not the first time MetaMask has faced challenges from tech giants. In 2019, the crypto wallet was removed from the Google Play Store. At the time, Google claimed MetaMask violated their financial services guidelines. Besides that, the 30% revenue share stipulated by Apple has long been a challenge for app developers working in the crypto space.
In the past, MetaMask has also had to deal with counterfeit apps. In their statement regarding the takedown, the team urged users to report any counterfeit that appears on the app store.
The Future of MetaMask
MetaMask has faced challenges and will continue to face new ones. However, the crypto wallet service has proven to be a reliable and efficient crypto wallet for users worldwide.
Nevertheless, the hacking challenge will remain, as no software app is immune to hackers. They are always working to find vulnerabilities, and they sometimes get lucky.
The solution
Crypto users should store most of their crypto in cold wallets to avoid this cat-and-mouse game with hackers. This crypto wallet has no access to the internet. It makes it harder for hackers to access your crypto without an internet connection. If you cannot access a crypto wallet, you can use an old phone with a mobile wallet to store your crypto.
All you have to do is ensure the phone has not internet access. While not as foolproof as cold storage, it is a great option when there is no alternative.
Social Media
MetaMask has 1.1 million Twitter followers.
The MetaMask Will Survive
MetaMask is one of the most crucial components of the crypto industry. While there are the occasional challenges, it will continue to be the go-to crypto wallet for millions for years.
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