The crypto industry is strengthening its defenses. In the first six months of 2025, users lost over $400 million due to phishing attacks, and now the largest wallet developers have joined forces to turn the tide.
Crypto wallets unite against scammers
Web3 companies have announced the launch of an international initiative together with the SEAL organization. The goal of the project is to create a global cybersecurity system that will work as a ‘decentralized immunity’ for the entire industry.
According to the developers’ plan, the network will unite wallets into a single information environment. When a phishing site or suspicious smart contract is detected, warnings will be automatically sent to all system partners.
SEAL stated that now every user will be able to send verifiable reports about phishing threats. Such messages will undergo automatic verification and be distributed throughout the network, allowing real-time responses to attacks.
‘We are building a collective protection infrastructure,’ SEAL representatives explained. ‘The faster the signal comes in, the higher the chance to save users’ funds.’
How the system works
The foundation of the network is the new Verifiable Phishing Reports tool, which SEAL introduced at the beginning of the year. It allows experts to prove that a site is indeed hosting malicious content. After verification, the data is instantly transmitted to wallets and other participants.
In fact, this creates a closed loop: from a user’s complaint to threat confirmation and notification of millions of clients. Each new report strengthens the overall security system, turning the ecosystem into a self-learning anti-phishing network.
MetaMask developers admit that cybercriminals are becoming more inventive. They change domains, use proxies, hide IPs through offshore hosting, and even use artificial intelligence to bypass anti-phishing filters.
‘It’s an endurance race,’ says a MetaMask security researcher.
While old protection methods are being updated, attackers are already testing new ones. The joint platform with SEAL will allow us to act faster than they can adapt.’
Why phishing remains the main threat
According to a CertiK report, phishing remains the main cause of losses in the crypto market. In the first half of 2025, it accounted for over $400 million in stolen funds.
The main danger is that victims often do not even notice the breach: scammers use fake landing pages, swap a single letter in domains, and visually copy the interface of popular wallets and exchanges.
Experts note that the development of drain services—tools that instantly withdraw funds from hacked wallets—has made phishing one of the most profitable types of cybercrime.
To counter this trend, the SEAL project aims not just to create a ‘blacklist’ of phishing pages, but to ensure constant data synchronization between all wallets. This turns protection from local to global.
Hacker attacks are decreasing, but vulnerabilities remain
According to PeckShield, in September 2025 total losses from hacker attacks amounted to $127 million, which is 22% less than the previous month. Despite the decrease, threats remain significant.
The two largest incidents—UXLINK and SwissBorg—accounted for almost two-thirds of all losses. UXLINK lost $44 million after a multisig wallet hack: hackers gained control over token issuance and released 10 trillion new coins, crashing the project’s price by 90%.
SwissBorg lost $41.5 million on the Solana network after the compromise of API partner Kiln. The company is already working with exchanges and law enforcement agencies to track the stolen funds.
Additionally, attacks were recorded on Venus Protocol, Yala, GriffAI, and Shibarium Bridge. In one case, a Venus user managed to recover almost the entire stolen $13.5 million thanks to coordinated actions by white-hat hackers.
The industry is betting on collective protection
The new SEAL initiative shows that the market no longer relies solely on its own security filters. Instead of fragmented tools, a unified threat-sharing ecosystem is being formed, where each company becomes part of the overall defense.
If the system proves effective, it could be implemented not only by wallets but also by major DeFi platforms, exchanges, and blockchain infrastructures. Analysts believe that this approach can reverse the trend of multimillion-dollar thefts.
In a situation where attacks are becoming more complex and criminals use automation and AI, only joint solutions can provide real security for users.
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