Ethereum Foundation Backs SEAL to Combat Billion-Dollar Wallet Drainer Scams

Ethereum Foundation backs SEAL to combat wallet drainer scams

Key Insights:

  • Ethereum strengthens measurable security standards through real-time monitoring and dedicated funding under the Trillion Dollar Security initiative.
  • Wallet drainer losses dropped sharply in 2025, though evolving phishing techniques continue testing existing defences.
  • SEAL aims to replicate its security sponsorship model across multiple blockchain ecosystems.

Ethereum has entered a new phase of network protection after the Ethereum Foundation confirmed a strategic partnership with the Security Alliance, widely known as SEAL. The collaboration introduces the “Trillion Dollar Security” initiative, a long-term effort designed to reinforce protections as institutional capital increasingly moves through blockchain infrastructure.

It is a live security dashboard that is the cornerstone of the program that was launched on February 5, which offers instant visibility of systemic risks as opposed to a single audit. This tool monitors weaknesses, progress, and unaddressed threats and can provide the developers, researchers, and stakeholders with a quantifiable view of the resilience of the network in question.

The Ethereum Foundation also committed funding for a full-time security engineer embedded directly within SEAL’s intelligence unit. That role focuses exclusively on tracking, analyzing, and disrupting wallet drainer operations targeting users across decentralized applications and phishing campaigns.

Trillion Dollar Security Program Targets Network Risks

The newly released dashboard reports on 6 core security dimensions that are important to the network integrity and user safety in the long term. They consist of safeguards on user experience, the resilience of smart contracts, infrastructure resilience, consensus security, coordination of incident response, as well as social pressure of governance.

The different categories comprise eight to twenty nine single controls, depending on the levels of maturity in the different layers of defense of the ecosystem. The current protection of the ecosystem is a small percentage of what is being suggested, and this highlights how much infrastructure security is still behind schedule even as the ecosystem continues to grow.

The broadest gap is demonstrated by user experience controls, where the majority of the protections are in development stages or research stages. These are in an attempt to enhance the transparency of transactions, permission transparency and behavioural defences that minimize accidental approvals that allow massive wallet drains.

Ethereum Security Dashboard Monitors Six Critical Layers

The Smart contract monitoring is concerned with tooling advances and vulnerability identification to minimize the risk of exploits before the bad actors can abuse the vulnerabilities. Infrastructure controls evaluate Layer 2, RPC providers, and cloud exposure that have the potential to increase systemic failures.

Consensus-level monitoring analyses threats related to concentration of clients and future cryptographic threats such as early quantum. Incident response metrics can be defined as the speed at which failures are detected, communicated and resolved among stakeholders when security events are in operation.

The governance and social layer looks at the organization capture, points of stress in the regulation and malfunction of coordination that may undermine decentralized decision-making in the long run. These layers, together, form a picture of network health in action instead of the hypothetical security checklist.

Industry Collaboration Expands Beyond Ethereum Ecosystem

The increased mission of SEAL goes beyond a single network making the non-profit a coordination point of threat intelligence sharing and fast response defence. SEAL was established in 2023 by security researcher Samczsun, and assists in white-hat cooperation and legal frameworks.

Last year, the major wallet providers such as MetaMask and Phantom became part of the SEAL real-time phishing defence network. Their involvement enhanced detection pipelines that contributed to minimization of losses of annual drainers to about $84 million in 2025, as per Scam Sniffer data.

In spite of those gains, it was also noted that investigators saw a resurgence in address poisoning and signature-based phishing in early 2026. These tendencies supported the necessity of the specific funding, the ongoing control, and the further integration of protocol foundations and experts in the security area.

Ethereum Foundation publicly approved of the previous work of SEAL, defining its work as having a material impact on ecosystem safety. SEAL explained that this is the first among a number of arrangements of this type they intend to make with other blockchain foundations.

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