Crypto Wallets
Consensys Acquires Wallet Guard for Enhanced MetaMask Security
Thursday. July 4 at 6:00 PM
1 min. readConsensys has recently acquired Wallet Guard, a security tool designed to safeguard digital assets and data from theft and fraud. The acquisition aims to integrate Wallet Guard's advanced security features into MetaMask, enhancing user protection within the realm of Web3. With Wallet Guard's expertise in transaction validation and client-side heuristics, MetaMask users can anticipate improved security measures like scam and drainer detection. The integration will see the Wallet Guard team joining Consensys within the MetaMask Product Safety Team to ensure a seamless transition. This move underscores a growing emphasis on user safety in light of increasing crypto hacks and scams in Web3. Despite strides towards bolstering user wallet security, Consensys faces a legal challenge from the SEC over allegations of operating as an unregistered broker. The acquisition signifies Consensys' commitment to eliminating user fund losses and prioritizing security in the crypto space.