Overview
- The Ethereum Foundation is sponsoring a dedicated security engineer embedded with SEAL’s Intel team to track and neutralize wallet drainers targeting Ethereum users.
- The collaboration launches the Trillion Dollar Security dashboard monitoring six areas: user experience, smart contracts, infrastructure, consensus, monitoring and incident response, and the social layer.
- SEAL and industry data indicate drainer-related thefts dropped to $84 million in 2025, following years in which such scams caused nearly $1 billion in losses as tracked by ScamSniffer.
- SEAL, founded in 2023 by security researcher samczsun, coordinates rapid-response operations and a real-time phishing defense network with wallets including MetaMask, Phantom, WalletConnect, and Backpack.
- SEAL says the Ethereum Foundation sponsorship is a model other blockchain ecosystems can adopt to scale shared threat intelligence and speed wallet-side protections.