MetaMask, Phantom Lead Global Phishing Defense Effort After $400M in Crypto Scams
MetaMask, Phantom, and several other different main crypto wallets are becoming a member of forces to deal with the rising wave of crypto phishing scams which have drained greater than $400 million from customers in the primary half of 2025.
Key Takeaways:
- MetaMask, Phantom, and different main wallets have partnered with SEAL to launch a world phishing protection community.
- The new system permits anybody to submit verifiable phishing stories, that are immediately validated and shared throughout all collaborating wallets.
- Phishing stays the main reason behind crypto losses in 2025, with over $400 million stolen in the primary half of the yr.
In a joint initiative with the Security Alliance (SEAL), the wallets have launched what they name a world phishing protection community, designed to construct a “decentralized immune system” able to figuring out and neutralizing threats in actual time.
The system hyperlinks main pockets suppliers together with MetaMask, Phantom, WalletJoin, and Backpack, creating an information-sharing community that flags malicious web sites and phishing makes an attempt as they seem.
SEAL Launches Verifiable Phishing Report System to Boost Crypto Wallet Security
SEAL stated the brand new setup will permit anybody from wherever in the world to submit verifiable phishing stories, which is able to then be robotically validated and broadcast throughout all collaborating wallets.
“This means faster response occasions to new phishing threats and extra funds saved,” the group famous.
The protection effort builds on SEAL’s not too long ago introduced “verifiable phishing stories” device, which lets safety researchers show {that a} reported web site truly hosts phishing content material.
By pairing this method with the brand new pockets community, SEAL goals to forestall future mass-draining incidents earlier than they unfold throughout the ecosystem.
We’ve joined forces to launch a world phishing protection community that may defend extra customers throughout all the ecosystem.
Security will get stronger after we work collectively.
https://t.co/Ah8RuiTQ6D
— MetaMask.eth
(@MetaMask) October 21, 2025
Phishing scams, notably these involving crypto drainers, have change into more and more refined. Attackers now rotate touchdown pages sooner when blocklists replace, migrate to offshore servers when suppliers intervene, and use cloaking strategies to evade automated detection techniques.
“Drainers are a relentless cat-and-mouse recreation,” stated Ohm Shah, a safety researcher at MetaMask.
Partnering with SEAL, he added, permits pockets builders to maneuver sooner and “throw a wrench on the drainer’s infra.”
The collaboration creates an end-to-end reporting pipeline that robotically validates consumer stories and circulates alerts throughout all related wallets.
SEAL emphasised its objective is to increase the system to as many wallets as doable to maximise protection.
According to CertiK, phishing stays the highest reason behind crypto-related losses in 2025, accounting for over $400 million in stolen funds through the first half of the yr alone.
Crypto Hacks Cause $127M in Losses in September
Crypto-related hacks caused $127.06 million in losses in September 2025, marking a 22% decline from August’s $163 million, in keeping with blockchain safety agency PeckShield.
The month noticed practically 20 main exploits, with incidents closely concentrated in only a few large-scale assaults. Despite the drop, trade consultants emphasised that DeFi and blockchain platforms stay extremely susceptible to safety breaches.
The two greatest hacks concerned UXLINK and SwissBorg, accounting for a mixed $85 million.
UXLINK misplaced $44.14 million after its multisig pockets was exploited, resulting in the unauthorized minting of 10 trillion tokens and a 90% crash in its token worth.
SwissBorg suffered a $41.5 million loss in Solana after hackers breached its API accomplice, Kiln. Both firms are working with exchanges, regulation enforcement, and white-hat hackers for injury management and consumer compensation.
Other incidents included a $13.5 million phishing assault on a Venus Protocol consumer, of which $13 million was recovered, and extra smaller exploits concentrating on platforms like Yala, GriffAI, and Shibarium Bridge.
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