Ethereum Foundation Partners with SEAL to Combat Crypto Drainers
By John Nada·Feb 10, 2026·6 min read
The Ethereum Foundation has partnered with SEAL to enhance security against crypto drainers, launching a new initiative aimed at protecting users.
The Ethereum Foundation is taking a bold step to protect its users by sponsoring the Security Alliance (SEAL) in efforts to combat wallet drainers and social engineering attacks. SEAL announced the launch of the "Trillion Dollar Security" initiative, which aims to track and neutralize these threats after reaching out to the Ethereum Foundation for support last year.
The partnership includes the sponsorship of a security engineer dedicated to working with SEAL's intelligence team. This engineer's sole mission is to tackle the drainers specifically targeting Ethereum users, according to SEAL. The nonprofit aims to enhance crypto market security by providing collaborative tools for threat intelligence sharing and incident response, while also offering legal protection for ethical hackers.
Phishing scams and wallet drainers have evolved, using increasingly sophisticated tactics to deceive users into approving fraudulent transactions. These scammers often create fake websites or send fraudulent emails that impersonate legitimate crypto protocols, tricking users into approving seemingly harmless wallet transactions that can result in the loss of funds. The need for improved detection and prevention mechanisms has never been more critical, as the tactics employed by these scammers have become more advanced over the years.
SEAL's efforts have reportedly helped reduce the amount stolen by these scammers to $84 million in 2025, a significant decrease from earlier years. Crypto intelligence platform ScamSniffer estimates that these scammers have stolen nearly $1 billion in crypto over the years, highlighting the scale of the problem and the importance of initiatives like the one launched by SEAL and the Ethereum Foundation.
To further enhance security, SEAL and the Ethereum Foundation have developed a dashboard to monitor Ethereum's security across multiple dimensions, including user experience and smart contracts. This dashboard, part of the Trillion Dollar Security initiative, tracks Ethereum’s security across six critical dimensions: user experience, smart contracts, infrastructure and cloud, consensus protocol, monitoring and incident response, social layer, and governance. Each of these dimensions includes between eight to twenty-nine risk controls that are closely monitored, along with identified “priority work” that must be addressed. This proactive approach aims to create a more secure environment for users of Ethereum, who have historically been vulnerable to these types of attacks.
In response to SEAL’s announcement, the Ethereum Foundation expressed its support for the Security Alliance's mission, stating, "The Security Alliance has done important work to combat attacks and the ecosystem has benefited tremendously.” This partnership signifies a commitment to a collaborative approach in addressing the growing threats within the crypto landscape.
Furthermore, SEAL has expressed openness to collaborating with other crypto ecosystems, indicating that this partnership with the Ethereum Foundation is just the beginning. They are inviting other foundations to explore similar sponsorship opportunities, emphasizing a community-driven approach to user protection. SEAL stated, "If your foundation or crypto ecosystem is interested in similar sponsorship opportunities, we’re happy to discuss how this model protects users at scale.” This call to action not only highlights the necessity for collective efforts in enhancing security measures but also positions SEAL as a leader in this crucial facet of the cryptocurrency industry.
As scams continue to threaten the integrity of the crypto space, such initiatives could be pivotal in maintaining user trust and security. The partnership between the Ethereum Foundation and SEAL serves as a model for how organizations can unite to combat the ever-growing risks that users face in the digital currency domain. By combining resources and expertise, these organizations are setting a precedent for collaboration in the fight against cyber threats.
The rise of decentralized finance (DeFi) and non-fungible tokens (NFTs) has further complicated the security landscape, as new platforms and technologies emerge almost daily. This rapid growth has created a fertile ground for scammers and malicious actors seeking to exploit vulnerabilities. As a result, initiatives like the Trillion Dollar Security initiative are essential for building a resilient and secure crypto ecosystem.
The Ethereum community has long been at the forefront of innovation in the blockchain space, and the partnership with SEAL is a testament to its commitment to safeguarding its users. By investing in security measures and fostering collaboration among various stakeholders, the Ethereum Foundation is not only protecting its users but also contributing to the overall health of the cryptocurrency market.
In addition to the technical measures being put in place, education and awareness are also crucial components in the fight against crypto scams. Users must be informed about the common tactics employed by scammers and the steps they can take to protect themselves. Initiatives that focus on educating users about safe practices and the importance of verifying information can significantly reduce the risk of falling victim to phishing attacks and wallet drainers.
As this partnership unfolds, the broader crypto community will be watching closely to see the impact of the Trillion Dollar Security initiative. If successful, it could serve as a blueprint for other ecosystems, demonstrating that proactive security measures and collaborative efforts can lead to a safer environment for all users. This is particularly vital as the number of individuals engaging with cryptocurrencies continues to rise, with many new users entering the space without a comprehensive understanding of the associated risks.
By launching this initiative, SEAL and the Ethereum Foundation are sending a clear message: the security of users is paramount, and the industry must come together to address the challenges posed by cyber threats. The success of this partnership could inspire similar collaborations across various blockchain projects, ultimately leading to a more secure and trustworthy crypto landscape.
As we look forward, it will be essential for the Ethereum Foundation and SEAL to continuously adapt their strategies to counter evolving threats. Cybercriminals are constantly refining their tactics, and as the technology behind cryptocurrencies advances, so too must the defenses designed to protect users. The establishment of ongoing communication channels between SEAL, the Ethereum Foundation, and other stakeholders will be vital in ensuring that the latest intelligence on threats is shared and acted upon swiftly.
Moreover, the legal protections offered to ethical hackers by SEAL could encourage more individuals to contribute to the fight against cybercrime. By creating an environment where white-hat hackers feel supported and protected, SEAL is fostering a culture of collaboration and innovation in security measures. This could lead to the development of new tools and methodologies that would further bolster the defenses of the Ethereum network and other blockchain ecosystems.