Ethereum Foundation supports SEAL to disrupt wallet drainers, funding research to protect Ethereum users from address poisoning and theft.
The Ethereum Foundation has partnered with the Security Alliance to strengthen defenses against wallet drainers targeting Ethereum users.
The collaboration is part of the Trillion Dollar Security Initiative and focuses on tracking, detecting, and disrupting social engineering attacks across the network.
Ethereum Foundation backs SEAL to counter wallet drainers
The Ethereum Foundation confirmed it is sponsoring the Security Alliance, known as SEAL, to combat wallet drainers and phishing attacks. These attacks often rely on deceptive methods that cause users to approve harmful transactions.
“The Security Alliance has done important work to combat attacks and the ecosystem has benefited tremendously,” the Ethereum Foundation said in a post on X.
The Foundation added that its Trillion Dollar Security Initiative is proud to support these efforts.
SEAL stated that the partnership began after it contacted the Ethereum Foundation late last year.
The request focused on funding security engineers to monitor drainer activity more closely. The Foundation agreed to provide direct sponsorship.
According to SEAL, the Ethereum Foundation is now funding a dedicated security engineer.
The engineer’s sole mission is to work with SEAL’s intelligence team. This role focuses on identifying wallet drainer operations and coordinating responses.
Trillion Dollar Security initiative expands monitoring efforts
The collaboration operates under the Ethereum Foundation’s Trillion Dollar Security Initiative.
As part of this effort, SEAL and the Foundation launched a Trillion Dollar Security dashboard. The dashboard tracks Ethereum security across six defined areas.
SEAL thanked the Ethereum Foundation for its direct support. “Huge thanks to the Ethereum Foundation for sponsoring a security researcher to work with SEAL Intel and disrupt drainers targeting Ethereum users,” SEAL stated.
The researcher works closely with SEAL’s intelligence team.
The dashboard monitors user experience, smart contracts, infrastructure and cloud, consensus protocol, monitoring and incident response, and governance.
Each area includes multiple risk controls under active review.
SEAL said the dashboard provides visibility into security progress. It allows ecosystem participants to track mitigation efforts and unresolved risks.
Priority work areas are also listed to guide ongoing improvements.
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Reduced scam losses and broader collaboration plans
Wallet drainers and phishing scams remain a persistent threat to crypto users. Attackers often use fake websites or emails that impersonate trusted platforms.
Users may unknowingly approve transactions that lead to stolen funds.
Crypto intelligence platform ScamSniffer estimated that nearly $1 billion was stolen through such scams over several years.
Reported losses fell to $84 million in 2025. Security efforts from SEAL and other groups contributed to this decline.
SEAL said improved detection and coordinated response have limited attacker success.
The organization provides threat intelligence sharing and incident response tools. Legal protection is also offered to white-hat hackers.
SEAL stated that the Ethereum Foundation partnership is the first of several planned initiatives.
The nonprofit said it is open to working with other crypto ecosystems. The Ethereum Foundation said user protection remains a priority under the Trillion Dollar Security Initiative.
Source: https://www.livebitcoinnews.com/ethereum-foundation-joins-seal-to-strengthen-defense-against-wallet-drains/
