Ethereum-focused Consensys Acquires Wallet Guard to Bolster MetaMask Web3 Wallet Security

Jul 3, 2024, 02:38 PM

Consensys, an Ethereum-focused software company, has acquired Wallet Guard to enhance the security of its popular non-custodial Web3 wallet, MetaMask. This acquisition aims to protect MetaMask users against hacks and scams by integrating Wallet Guard's browser extension, which is known for detecting scams and wallet drainers in real-time. The move is part of Consensys' broader commitment to user protection, building on recent security feature integrations. The acquisition will also improve MetaMask's security by enhancing drainer detection through transaction validation and client-side heuristics, providing real-time protection for users against malicious dApps. Wallet Guard's team, which agreed to hyperscale by moving into a hacker house, will continue its mission under Consensys.