Ethereum Foundation is sponsoring Security Alliance (SEAL) to “track and neutralize” wallet drainers and other social engineering attackers targeting Ethereum users.
SEAL said on Monday it launched the Trillion Dollar Security initiative with the Ethereum Foundation. SEAL said it contacted the foundation late last year to discuss funding security engineers.
The Ethereum Foundation is now sponsoring a security engineer. SEAL said the engineer’s “sole mission” is to work with SEAL’s intelligence team to fight wallet drainers aimed at Ethereum users.
Security Alliance SEAL Expands Threat Intelligence on Wallet Drainers
Security Alliance (SEAL) said it works to protect crypto market participants. It said it provides collaborative tools for threat intelligence sharing and incident response.
SEAL also said it provides legal protection for its white hat hackers. SEAL described this support as part of its work against attackers who rely on social engineering.
In a response on X, the Ethereum Foundation addressed SEAL’s announcement. “The Security Alliance has done important work to combat attacks and the ecosystem has benefited tremendously,” the Ethereum Foundation posted.
Phishing Scams and Social Engineering Drive Wallet Drainers
Phishing scams and wallet drainers often start with fake websites or fraudulent emails. Attackers imitate legitimate crypto protocols and services.
These social engineering traps aim to trick users into approving wallet requests. The approval can look normal, and it can still enable fund loss.
The report said attacker methods have become more sophisticated over the years. That shift increased the need for improved detection and prevention around wallet drainers and phishing scams.
Trillion Dollar Security Dashboard Tracks Ethereum Risk Controls
SEAL and the Ethereum Foundation created an Ethereum security dashboard under the Trillion Dollar Security effort. The dashboard tracks Ethereum security across six dimensions.
Those dimensions are user experience, smart contracts, infrastructure and cloud, consensus protocol, monitoring and incident response, plus the social layer and governance.
SEAL said each dimension includes eight to 29 risk controls that teams monitor. The dashboard also lists identified “priority work” that teams still need to address, according to SEAL.
ScamSniffer Links Wallet Drainers to Nearly $1 Billion Over Time
Crypto intelligence platform ScamSniffer estimates these scammers have stolen nearly $1 billion in crypto over the years. The estimate covers losses tied to wallet drainers and related phishing scams.
ScamSniffer also estimated losses fell to $84 million in 2025. The report called that figure an all time low.
The report said efforts from Security Alliance (SEAL) and other crypto investigators helped reduce the tally. It linked the drop to increased tracking and disruption of wallet drainers.
SEAL Signals More Crypto Ecosystem Partnerships After Ethereum Foundation Deal
SEAL said its partnership with the Ethereum Foundation is the first of many planned initiatives. It said it wants to work with other crypto ecosystems.
SEAL invited other ecosystems to reach out about similar sponsorships. It framed the model as a way to protect users at scale.
“If your foundation or crypto ecosystem is interested in similar sponsorship opportunities, we’re happy to discuss how this model protects users at scale,”
SEAL said.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: February 10, 2026 • 🕓 Last updated: February 10, 2026
