Crypto Wallets Join Forces to Launch Global Phishing Defence Network

Quick Breakdown 

• Major crypto wallets — MetaMask, Phantom, WalletConnect, and Backpack partner with SEAL to combat phishing attacks.
• The network acts as a “decentralized immune system,” sharing verified phishing reports in real time.
• The initiative aims to reduce crypto losses, improve user trust, and protect against sophisticated drainer schemes.

 

A coalition of leading crypto wallets — including MetaMask, Phantom, WalletConnect, and Backpack — has joined forces with the Security Alliance (SEAL) to launch a global phishing defence network designed to curb the rising tide of crypto phishing attacks. The move comes as phishers have stolen over $400 million from users in just the first half of 2025.

We’ve joined forces to launch a global phishing defense network that can protect more users across the entire ecosystem.

Security gets stronger when we work together. 🤝

— MetaMask.eth 🦊 (@MetaMask) October 21, 2025

Building a “decentralized immune system”

According to MetaMask’s announcement , the collaboration aims to establish a “decentralized immune system for crypto security,” allowing participants worldwide to collectively detect and neutralize phishing threats. SEAL described the initiative as a major step toward building a global defence layer where validated phishing reports can immediately protect users across all partner wallets.

The new system works alongside SEAL’s recently unveiled “verifiable phishing reports” mechanism, which lets researchers confirm malicious content on compromised websites. Once verified, the reports automatically trigger phishing warnings across the entire network — ensuring that even newly created scam sites are flagged in real time.

Fighting sophisticated crypto drainers

Phishing attacks have evolved into complex “drainer” schemes, which continuously shift tactics to bypass traditional blocklists. SEAL noted that attackers now rotate landing pages rapidly, move to offshore hosting, and employ cloaking methods to avoid automated detection.

MetaMask security researcher Ohm Shah said the partnership helps wallet providers move faster against emerging threats, calling the collaboration “a way to throw a wrench at drainer infrastructure.” Through the alliance, wallet teams can integrate verified intelligence into user protection protocols almost instantly.

By creating a shared and decentralized defense model, the initiative aims to dramatically shorten response times, limit phishing losses, and improve trust across the crypto ecosystem — setting a new standard for wallet-level user safety.

In parallel, MetaMask introduced a social login feature on August 26, allowing users to create and recover wallets using Google or Apple accounts. This update eliminates the need to manually safeguard the traditional 12-word Secret Recovery Phrase (SRP), further improving accessibility and user security.