{"id":13971,"date":"2026-02-10T15:42:15","date_gmt":"2026-02-10T15:42:15","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=13971"},"modified":"2026-02-10T15:42:18","modified_gmt":"2026-02-10T15:42:18","slug":"ethereum-foundation-backs-seal-to-fight-the-growing-threat-of-crypto-drainers","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2026\/02\/10\/ethereum-foundation-backs-seal-to-fight-the-growing-threat-of-crypto-drainers\/","title":{"rendered":"Ethereum Foundation backs SEAL to fight the growing threat of crypto drainers"},"content":{"rendered":"\n<p>As crypto scams become more sophisticated, the <strong>Ethereum Foundation<\/strong> is stepping in to strengthen user protection. The foundation has officially backed <strong>Security Alliance (SEAL)<\/strong>, sponsoring a dedicated security engineer to help track and shut down crypto drainers targeting Ethereum users.<\/p>\n\n\n\n<p>The move comes as phishing attacks and wallet-draining schemes continue to evolve, often outpacing traditional security defenses. According to SEAL, the Ethereum Foundation reached out late last year to support its \u201c<strong>Trillion Dollar Security<\/strong>\u201d initiative, which focuses on protecting Ethereum at a system-wide level.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">What crypto drainers are and why they matter<\/h3>\n\n\n\n<p>Crypto drainers are malicious toolkits, often sold as a service on underground forums, that allow scammers to steal funds without needing advanced technical skills. Attackers typically set up fake websites that mimic well-known crypto protocols or wallets.<\/p>\n\n\n\n<p>Once a user connects their wallet and approves what looks like a harmless transaction, the drainer quietly empties the wallet of valuable assets.<\/p>\n\n\n\n<p>\u201cThese scams work because they exploit trust and habit,\u201d SEAL explained. \u201cThe transactions look familiar, but the outcome is devastating.\u201d<\/p>\n\n\n\n<p>Well-known drainer operations such as Angel and Inferno have repeatedly resurfaced in new forms, even after public takedowns, highlighting how persistent and adaptable these threats have become.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Ethereum Foundation\u2019s role in the fight<\/h3>\n\n\n\n<p>Under the new sponsorship, the Ethereum Foundation is funding a SEAL security engineer whose <strong>sole focus<\/strong> is identifying, tracking, and neutralizing active drainers across the Ethereum ecosystem. The role sits within SEAL\u2019s intelligence team and is designed to provide faster response times and deeper visibility into emerging attack patterns.<\/p>\n\n\n\n<p>Data cited by SEAL from ScamSniffer suggests crypto drainers have been responsible for <strong>nearly $1 billion in losses over the past few years<\/strong>. However, there\u2019s also some progress: drainer-related thefts fell to <strong>$84 million in 2025<\/strong>, the lowest annual figure recorded so far.<\/p>\n\n\n\n<p>SEAL says its monitoring tools and coordinated response efforts have played a key role in that decline.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">A broader, industry-wide effort<\/h3>\n\n\n\n<p>Founded in 2023 by white-hat hacker <strong>samczsun<\/strong>, SEAL was built as a rapid-response hub for on-chain security threats. Its Trillion Dollar Security dashboard tracks risks across six critical areas, including smart contracts, infrastructure, monitoring, incident response, and social governance.<\/p>\n\n\n\n<p>Major wallet providers such as <strong>MetaMask<\/strong> and <strong>Phantom<\/strong> have already joined SEAL\u2019s real-time phishing defense network, alongside other ecosystem players like WalletConnect and Backpack.<\/p>\n\n\n\n<p>SEAL says the Ethereum Foundation partnership is just the beginning. The nonprofit is actively encouraging other blockchains and foundations to adopt similar sponsorship models to help protect users at scale.<\/p>\n\n\n\n<p>As crypto adoption grows, efforts like this underline a simple reality: security is no longer optional it\u2019s foundational.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As crypto scams become more sophisticated, the Ethereum Foundation is stepping in to strengthen user protection. The foundation has officially backed Security Alliance (SEAL), sponsoring a dedicated security engineer to help track and shut down crypto drainers targeting Ethereum users. The move comes as phishing attacks and wallet-draining schemes continue to evolve, often outpacing traditional&#8230;<\/p>\n","protected":false},"author":3,"featured_media":13972,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[65,301,281],"class_list":["post-13971","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-crypto","tag-ethereum","tag-price-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ethereum Foundation backs SEAL to fight the growing threat of crypto drainers - Crypto News<\/title>\n<meta name=\"description\" content=\"The Ethereum Foundation has sponsored Security Alliance (SEAL) to combat crypto drainers, funding a dedicated security engineer as phishing and wallet-draining attacks continue to 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