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BULLISH 📈 : Ethereum Foundation Partners With SEAL to Combat Wallet Drainers
The Ethereum Foundation has partnered with the Security Alliance (SEAL) to address wallet drainer threats. A dedicated security engineer will work with SEAL to counter social engineering attacks.
- In 2025, $3.4 billion was stolen through crypto exploits, with significant incidents including a $1.5 billion Bybit exploit and $2.02 billion from North Korean attacks.
- Wallet drainers, using phishing tactics, have led to nearly $1 billion in losses by deceiving users into signing harmful transactions.
- The collaboration includes the "Trillion Dollar Security" initiative, focusing on monitoring and preventing large-scale network attacks.
- A dashboard will track Ethereum's security across several dimensions: user experience, smart contracts, infrastructure, consensus protocols, monitoring, and the social layer.
- Proactive threat hunting replaces reactive patching in security strategies.
- Despite reduced phishing losses ($84 million in 2025), ongoing efforts are necessary to counteract evolving threats.
The partnership underscores the maturing crypto security sector and aligns with broader regulatory measures against illicit financial activities.
Ethereum Price Analysis
ETH tested resistance around $2,150 but didn't hold above it, suggesting active sellers near this level. The structure remains range-bound unless resistance is reclaimed for a bullish continuation.