Ethereum Foundation teams up with SEAL to combat wallet drainers

The Ethereum Foundation is sponsoring crypto information nonprofit Security Alliance (SEAL) to “track and neutralize” crypto drainers and different societal engineering attackers targeting Ethereum users.

SEAL said connected Monday that it launched the “Trillion Dollar Security” inaugural with EF to enactment these efforts aft reaching retired to EF precocious past twelvemonth astir backing information engineers to much intimately way drainer improvement and support against wide-scale attacks.

The EF is present sponsoring a information technologist whose “sole mission” is to enactment with SEAL’s quality squad to combat drainers targeting Ethereum users, said SEAL.

Source: Security Alliance

SEAL’s broader mission is to support crypto marketplace participants by providing collaborative tools for menace quality sharing and incidental effect portion providing ineligible extortion for its white-hat hackers.

“The Security Alliance has done important enactment to combat attacks and the ecosystem has benefited tremendously,” The Ethereum Foundation posted to X successful effect to SEAL’s announcement.

Drainers and phishing scammers often make fake websites oregon fraudulent emails that impersonate morganatic crypto protocols, tricking users into approving seemingly harmless wallet transactions that tin effect successful stolen funds.

Their tactics person go progressively blase implicit the years, prompting the request for improved detection and prevention mechanisms.

Crypto quality level ScamSniffer estimates these scammers person stolen astir $1 cardinal worthy of crypto funds implicit the years. However, efforts from SEAL and different crypto sleuths helped bring that tally down to $84 cardinal successful 2025, an all-time low.

Ethereum information dashboard launched to way progress

SEAL and the EF created a Trillion Dollar Security dashboard to way Ethereum’s security crossed six dimensions: User experience, smart contracts, infrastructure and cloud, statement protocol, monitoring and incidental response, societal furniture and governance.

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Each magnitude contains betwixt 8 and 29 hazard controls being intimately monitored, on with identified “priority work” that indispensable beryllium addressed.

Security appraisal of astute contracts connected Ethereum. Source: Trillion Dollar Security

SEAL unfastened to moving with different crypto ecosystems

SEAL said the concern with the EF is the archetypal of galore planned initiatives with different forward-thinking ecosystems, welcoming different crypto ecosystems to scope out:

“If your instauration oregon crypto ecosystem is funny successful akin sponsorship opportunities, we’re blessed to sermon however this exemplary protects users astatine scale,” SEAL said.

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