MetaMask Phantom Lead Global Real-Time Crypto Phishing Defense Network

Major crypto wallet providers including MetaMask, Phantom, WalletConnect, and Backpack have partnered with the Security Alliance (SEAL) to launch a global real-time phishing defense network aimed at protecting users from increasingly sophisticated crypto phishing attacks. This new decentralized system leverages SEAL's Verifiable Phishing Reports technology, which allows users worldwide to submit cryptographically verified phishing site reports that are automatically validated and shared across participating wallets in real time. The initiative builds a decentralized immune system designed to quickly identify and neutralize threats, reducing delays and human error in phishing detection. This collaborative effort responds to the growing threat of crypto drainers—malicious scripts that stealthily siphon assets—who have been evolving tactics like domain rotation, offshore hosting, and cloaking to evade traditional security measures. In 2025 alone, phishing scams have resulted in losses exceeding $400 million, highlighting the urgency for such coordinated defense mechanisms. By enabling real-time sharing of verified threat information, the network aims to prevent mass draining incidents and safeguard the broader crypto ecosystem.