{"id":21678,"date":"2026-02-10T08:11:18","date_gmt":"2026-02-10T08:11:18","guid":{"rendered":"https:\/\/bitunikey.com\/news\/ethereum-foundation-backs-seal-to-combat-rising-threat-of-crypto-drainers\/"},"modified":"2026-02-10T08:11:40","modified_gmt":"2026-02-10T08:11:40","slug":"ethereum-foundation-backs-seal-to-combat-rising-threat-of-crypto-drainers","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/ethereum-foundation-backs-seal-to-combat-rising-threat-of-crypto-drainers\/","title":{"rendered":"Ethereum Foundation backs SEAL to combat rising threat of crypto drainers"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Crypto security nonprofit Security Alliance has received a sponsorship from the Ethereum Foundation as it ramps up efforts to curb crypto drainers and other attack vectors targeting Ethereum users.<\/p>\n<div id=\"cn-block-summary-block_a4cee24e07cdd4d58fdbd921a827eef9\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>The Ethereum Foundation is sponsoring a SEAL security engineer to track and neutralize crypto drainers targeting Ethereum users.<\/li>\n<li>Drainer-related thefts fell to $84 million in 2025, the lowest on record, according to data cited by SEAL.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>According to SEAL, the Ethereum Foundation has sponsored a security engineer through the nonprofit\u2019s \u201cTrillion Dollar Security\u201d initiative after it reached out to the foundation late last year.<\/p>\n<p>In line with SEAL\u2019s objective, the security engineer\u2019s \u201csole mission is working with the SEAL Intel team to track and neutralize drainers targeting Ethereum users,\u201d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/radar.securityalliance.org\/protecting-ethereum-users-with-the-ef\/\" target=\"_blank\" rel=\"nofollow\">the nonprofit said<\/a>.<\/p>\n<p>Crypto drainers are a category of malicious scripts or toolkits that are often sold or shared among bad actors as a payable service across underground forums and allow anyone to launch phishing campaigns without any technical expertise.<\/p>\n<p>\u201cThese scammers deploy fake websites imitating trusted protocols to convince the user to approve a few simple transactions in their wallet. If the user does, their wallet is quickly drained of all valuable assets,\u201d SEAL said.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Notorious drainers like Angel and Inferno have constantly evolved to bypass traditional security measures, and new versions have surfaced even after reported shutdowns.<\/p>\n<p>Data from crypto intelligence platform ScamSniffer, cited by SEAL, estimates that such attack vectors have led to nearly $1 billion worth of losses over the past few years.\u00a0<\/p>\n<p>SEAL aims to counter such systemic threat vectors through its comprehensive <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/trilliondollarsecurity.org\/?ref=radar.securityalliance.org\" target=\"_blank\" rel=\"nofollow\">Trillion Dollar Security dashboard<\/a> that provides real-time visibility to track six critical security dimensions, such as user experience, smart contracts, infrastructure, consensus protocol, monitoring and incident response, and social layer governance.<\/p>\n<p>\u201cOur collaboration with the Ethereum Foundation is the first of many planned initiatives with forward-thinking ecosystems,\u201d SEAL said, adding that other foundations or crypto ecosystems can reach out to explore similar sponsorship models designed to protect users at scale.<\/p>\n<p>According to SEAL, its efforts have played a part in reducing drainer-related losses to an all-time low of $84 million in 2025.<\/p>\n<h1 class=\"wp-block-heading\">An industry-wide effort<\/h1>\n<p>SEAL was developed by white-hat hacker and security researcher samczsun in 2023, and since its inception, it has offered rapid-response infrastructure and collaborative threat intelligence tools to help mitigate on-chain exploits and phishing campaigns.<\/p>\n<p>Last year, MetaMask and Phantom wallet joined SEAL as part of its real-time phishing defense network, alongside other major players like WalletConnect and Backpack, to help deliver real-time security against phishing attacks.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Crypto security nonprofit Security Alliance has received a sponsorship from the Ethereum Foundation as it ramps up efforts to curb crypto drainers and other attack vectors targeting Ethereum users. Summary&hellip;<\/p>\n","protected":false},"author":1,"featured_media":15504,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21678","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=21678"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21678\/revisions"}],"predecessor-version":[{"id":21679,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/21678\/revisions\/21679"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/15504"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=21678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=21678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=21678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}