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MetaMask and Phantom Team Up With SEAL to Fight Crypto Scams

Key Takeaways

  • ​Crypto wallets like MetaMask and Phantom are partnering with SEAL to combat phishing attacks that have already cost users over $400 million;
  • The group has built a shared security system to verify phishing reports and warn users across all participating wallets;
  • As phishing tactics grow more advanced, this partnership helps wallet providers react faster and protect users in real time.

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MetaMask and Phantom Team Up With SEAL to Fight Crypto Scams

Several crypto wallet providers, including MetaMask and Phantom, are collaborating with the Security Alliance (SEAL) to stop a phishing threat that has led to over $400 million in stolen funds.

This group effort is focused on building a shared security network. Rather than acting alone, these companies are part of a joint system that quickly detects and blocks phishing websites.

According to MetaMask, this network is aimed at improving safety for the entire crypto community.

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SEAL described this project as a "decentralized immune system" designed to spot and stop scams before they spread. Wallet services such as Backpack and WalletConnect are also part of this defense network.

One of the core tools of this system is SEAL’s new feature for confirming phishing claims. It allows security experts to verify and prove that a website contains harmful content.

These confirmed reports can then be used by all wallet providers involved in the network.

Criminals running phishing scams, often called "crypto drainers", have been changing their strategies to stay ahead of standard protections.

SEAL pointed out that some scammers switch their landing pages often, move their sites to servers in countries with less oversight, and use tricks to hide malicious content from automated systems.

MetaMask researcher Ohm Shah noted that fighting these threats is like a "cat and mouse game". By working with SEAL, wallet providers can act faster and use research findings in real time to block scams more effectively.

Recently, SEAL exposed a network of individuals posing as IT professionals to gain unauthorized access to cryptocurrency companies. How? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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