Several companies in the cryptocurrency ecosystem have joined forces to create a collaborative network designed to protect users from phishing attacks in real-time. Participating companies include MetaMask, WalletConnect, Backpack, Security Alliance (SEAL), and Phantom, which have an additional layer of security built in thanks to technology known as Verifiable Phishing Reports.
Developed by SEAL, a nonprofit security research company, this system allows anyone around the world to reliably report fraudulent sites. Additionally, we provide an opportunity for users to actively participate in defending against phishing, increasing security for our entire community.
According to the organization’s official portal, in recent years, Cybercriminals are developing increasingly sophisticated techniques to empty wallets Cryptocurrency fraud using malware such as Inferno Drainer, Angel Drainer, and Ace Drainer.
They point out that every security measure companies put in place, from rapid updates to automatic blocking of malicious URLs, has been countered by attackers in new ways. This dynamic resulted in a constant game of cat and mouse, with hackers often gaining the upper hand.
Representatives of the organization assert that the introduction of the Verifiable Phishing Reporter tool will bring about important changes. This facilitates automatic and real-time handling of complaints, eliminates the need for lengthy manual reviews, and reduces errors.
Get MetaMask, WalletConnect, Backpack and Phantom. SEALs can communicate phishing reports submitted by users To build a world-class defense system. It utilizes a decentralized network of cryptocurrencies, where the actions of one person contribute to the protection of the entire community.
Strategic partnership to protect against phishing
Experts from participating companies highlighted the benefits of this cooperation. Ohm Shah, a security researcher at MetaMask, said MetaMask will allow his team to be more agile when it comes to stopping cybercriminal activity.
Derek Rein, CTO of WalletConnect, pointed out that thanks to WalletConnect Certified, a certification program that ensures connected wallets meet certain security standards, each certified wallet will alert users if they come across a known fraudulent site.
Rein said working with SEAL, which provides a database of fraudulent domains, can further extend these protections and encourage the adoption of stronger security standards across the industry.
Backpack and Phantom also emphasized the importance of this partnership. Armani Ferrante, CEO of Backpack, said SEAL’s real-time protection allows users to interact with the ecosystem more securely. Kim Persson, senior engineer at Phantom, said the partnership will strengthen domain security and better protect the platform’s users.
It is important to highlight that more than $12 million was stolen from crypto users through phishing scams in August 2025 alone, which is a 72% increase compared to the previous month, according to a report by CriptoNoticias. Additionally, it is estimated that over 15,000 people were affected.