In Brief
- SEAL launches phishing alert network with MetaMask, Phantom, WalletConnect, and Backpack
- Over $400M lost to phishing scams in H1 2025, driving urgent wallet security efforts
- New system validates user reports and blocks threats across all connected crypto wallets
MetaMask, Phantom, WalletConnect, and Backpack have partnered with the Security Alliance (SEAL) to fight crypto phishing scams. Together, they launched a global defence network that flags phishing websites and threats in real time across all integrated wallets.
The initiative enables users to submit verifiable phishing reports, which are instantly validated and shared within the system. This creates a decentralised warning network designed to block new attacks before they spread widely across the ecosystem.
SEAL’s newly introduced report system allows security researchers to confirm phishing websites using automated validation tools. By integrating this with major wallets, the platform aims to reduce wallet drain incidents that cost users millions each month.
Crypto Phishing Surges as Drainers Evolve, Hacks Continue
Phishing remains the leading cause of crypto losses in 2025, with over $400 million stolen in the first half, according to CertiK. Attackers now rotate phishing sites rapidly, use offshore hosting, and apply cloaking to avoid blocklists.
SEAL and its partners hope to outpace these tactics by sharing alerts instantly, reducing user exposure time. Wallet developers see this collaboration as a critical move to strengthen security as threats grow more complex and evasive.
September 2025 saw $127.06 million in crypto losses due to hacks, a 22% drop from August, according to PeckShield. The largest exploits included UXLINK and SwissBorg, which lost a combined $85 million in targeted attacks.
UXLINK lost $44.1 million through a multisig exploit, while SwissBorg suffered $41.5 million in a Solana API breach. Despite the decline in total losses, experts say DeFi platforms remain at high risk without stronger protective infrastructure.
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Source: https://coincu.com/crypto-regulation/metamask-phantom-walletconnect-join/
