Coinbase Wallet Introduces Encrypted Messaging: Boosting Communication but Heightening Security Risks

Coinbase Wallet is introducing encrypted messaging and mini app functionality within chat windows, expanding the wallet’s capabilities beyond basic transactions. However, this move has sparked concerns regarding increased security risks for users. 🔒

MetaMask’s head of security warns that direct communication could provide easy access to wallets by scammers who can then use end-to-end encryption to launch phishing attacks. This raises a major question: is it worth the potential risk?