MetaMask & Phantom Launch Phishing Protection Network
MetaMask, Phantom, WalletConnect and Backpack have partnered with the Security Alliance (SEAL) to launch a decentralized phishing protection network. The real-time detection system uses SEAL’s Verifiable Phishing Reports to verify and share cryptographically secured phishing reports across all participating wallets. By auto-alerting users to malicious sites linked to crypto drainers like Inferno Drainer and Angel Drainer, the network addresses over $400 million in losses and creates a global immune system for crypto security. This collaborative phishing protection effort speeds up threat detection and response against evolving scams that use rotating landing pages and hidden content. Traders benefit from proactive wallet security and reduced user risk, strengthening trust across the DeFi ecosystem.
Bullish
Improved phishing protection reduces user risk and boosts confidence in key wallets like MetaMask and Phantom. Real-time detection and shared alerts help prevent large-scale losses and strengthen the DeFi ecosystem. This proactive security network is likely to encourage increased adoption and asset inflows over time, supporting a bullish outlook for related crypto markets.