Major crypto wallets raise defense network as phishers jack $400M
Major crypto wallets, including MetaMask and Phantom, launched a global phishing defense network to combat rising theft.Summary
MetaMask, Phantom, WalletConnect, and Backpack have partnered with the Security Alliance (SEAL) to launch a global, real-time phishing defense network aimed at protecting users across the crypto ecosystem. This initiative comes as crypto phishers stole over $400 million in the first half of 2025, often employing evolving tactics like rotating landing pages and cloaking to evade traditional defenses. The new decentralized immune system will integrate with SEAL’s verifiable phishing reports system, allowing security researchers to prove malicious content. This enables an end-to-end pipeline where validated user reports trigger real-time phishing warnings across all participating wallets, significantly speeding up response times against emerging threats.
(Source：Cointelegraph)