Crypto Wallet Providers Join Forces Against Phishing Attacks After $400 Million Loss

Responding to a significant loss of over $400 million through phishing attacks in the first six months of 2025, MetaMask, Phantom and other prominent cryptocurrency wallet providers have joined forces with the Security Alliance (SEAL) to create a new real-time defense network. This initiative aims to proactively combat rising cyber threats and protect users from malicious websites.