Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ADOPTION NEWS»Consensys Acquires Wallet Guard to Protect MetaMask Users from Hacks and Fraud
ADOPTION NEWS

Consensys Acquires Wallet Guard to Protect MetaMask Users from Hacks and Fraud

By Crypto FlexsJuly 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Consensys Acquires Wallet Guard to Protect MetaMask Users from Hacks and Fraud
Share
Facebook Twitter LinkedIn Pinterest Email

Consensys, the developer of MetaMask, has acquired cryptocurrency security app Wallet Guard to bolster the security of its popular non-custodial web3 wallet.

Wallet Guard offers a popular browser extension that can be used to identify fraudulent activity and wallet draining in real time.

According to a statement shared with The Block, Consensys plans to integrate Wallet Guard’s browser extension and security engine features to protect MetaMask users’ wallets, digital assets, and data from theft, fraud, and scams.

The integration will provide users with real-time protection against malicious dapps and fraud by improving transaction validation and drain detection through client-side heuristics, the company said. Consensys did not disclose the value of the deal.

The acquisition follows Consensys’ integration of Blockaid security alerts into MetaMask in February for several chains, including Ethereum, Linea, BNB Chain, Polygon, Arbitrum, Optimism, and Avalanche. MetaMask estimates that security alerts could prevent hundreds of millions of dollars worth of cryptocurrency assets from being stolen in 2024 alone.

According to Chainalysis’ 2024 Crime Report, $1.7 billion worth of cryptocurrency was stolen through scams in 2023 alone, $3.7 billion in 2022, and over $3 billion in 2021.

“Wallet Guard has quickly become a leading security tool through its advanced features and relentless innovation, which is strategically aligned with Consensys’ goal of putting user safety at the forefront,” said Joe Lubin, Consensys CEO and Ethereum co-founder. “Their innovative security solution will help us in our mission to create a safer and more secure environment as we continue to pave the way for mass adoption in the industry.”

Wallet Guard Team Joins Consensys

The entire Wallet Guard team will also join Consensys as part of this transaction, working within the MetaMask product security division.

“We are excited about the opportunity to bring our knowledge and dedication to end-user security to the millions of MetaMask users around the world,” said Ohm Shah, Wallet Guard co-founder and co-CEO. “Advancements in security, fraud, and anti-fraud are essential to the mass adoption of web3.”

According to data provided by the company, MetaMask remains the most widely used cryptocurrency wallet app with over 30 million monthly active users.

Last month, Consensys launched pool staking for its Web3 wallet, allowing MetaMask users to stake any amount of Ether to contribute to the security of the Ethereum network and earn validator rewards.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Current financial disclosures include:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

As the network activities are slow, Ether Room is unlikely to break $ 3,000 in the short term.

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025

Economist Henrik Zeberg says that Altcoins is trying to start an explosive stage and updates Outlook and Under-The Radar Crypto for Dogwifhat.

June 5, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025

As the network activities are slow, Ether Room is unlikely to break $ 3,000 in the short term.

June 5, 2025

AI TOKEN LIVEPEER (LPT) cuts 150% and then falls 40% -What is the leading volatility?

June 5, 2025

NVIDIA DALI improves data processing function with new features.

June 5, 2025

Why is the ratio of cryptocurrency exchanges near Bitcoin’s lowest level of seven years?

June 5, 2025

The XRP face to unlock $ 2.2B. Are $ 2.14’s support under pressure?

June 5, 2025

Bitcoin protection zones, Stablecoin regulations are the main drivers.

June 5, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Ether Leeum Foundation summarizes a comprehensive financial policy.

June 5, 2025

Using BCC mining increases daily passive income of $ 57,700

June 5, 2025

Ray for the square and scalable AI solutions and RAG pipelines on all scale

June 5, 2025
Most Popular

Vitalik Buterin warns of AI hegemony and proposes brain-computer interfaces as a means of protection.

November 30, 2023

Are Crash Style Casino Games Suitable for Crypto Investors?

April 27, 2024

Macros Continue to Be a Key Driver for Crypto: Coinbase

May 18, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.