Phishing, scams, hacks, and other malicious attacks have repeatedly caused headaches for the crypto industry. These digital saboteurs have run away with investors’ money and created chaos for crypto firms, which continue to struggle to prevent breaches. In response to the vein comes the teamwork of a cybersecurity platform and some crypto wallet providers to address the increasing phishing scams in crypto. Yes, crypto wallet providers like MetaMask and Phantom have stepped up to fight phishing scams in crypto.
Wallet providers unite against crypto phishing
The one army to defeat spams! Crypto wallets, including MetaMask, Phantom, WalletConnect, Backpack, and cybersecurity platform Security Alliance (SEAL), have jointly launched a global real-time phishing defense network to pinch out black-hat operations.
The core idea of the new mechanism is to “create a decentralized immune system for crypto security, where anyone from around the world can prevent the next major phishing attack.”
According to reports, crypto phishers have stolen nearly $400 million in the first half of 2025, and this has triggered the crypto firms to unfold a new initiative to defeat the malicious agents.
How does the phishing defense system work?
With the new mechanism, described as “real-time”, anyone can quickly report new phishing threats to SEAL’s decentralized reporting network.
- If a person detects a phishing activity, they can submit a report to the SEAL Network.
- SEAL’s Verifiable Phishing Reports (VPR) cryptographically sign and process the report.
- After verification, the phishing alert is promptly broadcast to all members, including wallets like MetaMask, WalletConnect, Backpack, and Phantom.
- Wallet providers automatically warn their users of malicious links.
In short, the real-time phishing defense network works in this way:
Collect → Verify → Distribute phishing data
Phishing remains one of the most effective ways for hackers to steal cryptocurrencies through fake dApps, wallet seed phrases, malicious links, and fake wallet downloads. At this critical moment comes the new decentralized immune system with the potential to eradicate crypto phishing, giving the power for every user to shield against scams and make the realm safer, stronger, and tamper-proof.
