Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
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

Gala Games improves leader board rewards and introduces preference systems.

June 20, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

AI starts a cost -effective batch API for LLM request.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Join Earn Mining To Mine Easily And Earn $7752 A Day

June 26, 2025

Bitcoin prices return to green -building exercise for more profits

June 26, 2025

Weed® Announces Partnership With Khalifa Kush; Launches Global Commercialization

June 26, 2025

GBM Launches Auction Festival With The Sandbox, Aavegotchi, Unstoppable Domains, And More

June 26, 2025

French “Spiderman” Scales Skyscraper To Launch World’s First Action Token

June 26, 2025

Deribit And SignalPlus Launch “The Summer Chase” Trading Competition 2025 Featuring A $300,000+ USDC Prize Pool

June 26, 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

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025
Most Popular

Ethereum Longs See Biggest Candle After ETF News

May 22, 2024

Bitcoin Latinum Backers Receive a Boost

November 28, 2023

Cryptocurrency Crystal Ball 2024: Will Bitcoin ETFs Be a Game-Change?

December 31, 2023
  • 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.