By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
CryptoXTimesCryptoXTimes
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Notification Show More
Font ResizerAa
CryptoXTimesCryptoXTimes
Font ResizerAa
  • Home
  • News
  • Cryptocurrency
  • Advertise
  • Contact Us
Search
  • Home
  • News
    • Crypto
    • Bitcoin News
    • Ethereum News
    • Altcoin News
    • Shiba Inu News
    • Ripple News
    • Analysis
    • iGaming News
  • Cryptocurrency
    • Price Prediction
    • Learn
    • Reviews
  • Advertise
    • Press Release
  • Contact Us
Have an existing account? Sign In
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
CryptoXTimes > Article > News > Consensys Boosts MetaMask Security
NewsCrypto

Consensys Boosts MetaMask Security

Consensys strengthens MetaMask against scams with Wallet Guard acquisition.

Haider Ali
Last updated: July 8, 2024 4:20 pm
Haider Ali 12 months ago
Share
Consensys Boosts MetaMask Security

Consensys, the first Ethereum developer company that made the MetaMask wallet, has bought the Web3 security app Wallet Guard as a smart move to protect users. The goal of the purchase is to add advanced security features to MetaMask. This will make it more resistant to hacks and crypto scams. 

MetaMask will add Wallet Guard’s browser extension technology to its non-custodial wallet app, which is widely used for staking and decentralized finance (DeFi) tasks. It is believed that this integration will add real-time detection of scams and wallet vulnerabilities to MetaMask’s current security framework, making it stronger.

MetaMask Security Fortified: Consensys Acquires Wallet Guard

Consensys discussed how important Wallet Guard’s security technology is for keeping MetaMask users safe in a news release about the acquisition. The whole Wallet Guard team is now working for MetaMask, as revealed by Ohm Shah, co-founder of Wallet Guard. Shah said in a statement that they were excited to keep working on their goal to protect MetaMask users from digital threats.

The move comes as the U.S. Securities and Exchange Commission (SEC) starts to look closely at MetaMask. Recently, the SEC sued Consensys, saying that the company offered unregistered securities linked to MetaMask’s stacking products. In reaction to Consensys’s lawsuit against the regulator, a U.S. judge has sped up the process.

Notably, Consensys’s proactive steps to improve MetaMask’s security come after the company recently integrated Blockaid, another Web3 security option. Blockaid sends security alerts that check decentralized apps (dApps) for fraud, phishing attempts, and hacking threats. This makes MetaMask’s defenses even stronger.

https://twitter.com/blockaid_/status/1780326345534218485
The need to improve security is urgent because crypto scams are becoming more common and have caused huge financial losses around the world. An important new report from the blockchain security company Chainalysis shows that in 2023 alone, crypto scams stole over $1.7 billion in assets.

You Might Also Like

Deutsche Bank Considers Issuing Stablecoin Amid Digital Shift

PEPE Memecoin Surges 8.5% After Trump’s Cryptic Post Sparks Frenzy

Telegram Integrates Elon Musk’s Grok AI in $300M Deal

Berachain Transactions Tumble, Fee Revenues Cut In Half

Trump Media Launches $2.5B Crypto Investment Strategy

TAGGED: Consensys, DeFi, MetaMask, SEC
By Haider Ali
Follow:
Haider Ali is a seasoned crypto journalist known for delivering insightful analysis and breaking news in the blockchain and cryptocurrency space. His work is featured in leading industry publications, earning him a reputation as a trusted voice in the crypto community.
Previous Article NFT Market Soars Despite Bitcoin Downturn Polkadot Teases ‘KOLKADOT’ Rebrand Amid Community Controversy
Next Article Polymarket Sees Surge in Bets on Biden Dropout Amid NYT Report Biden’s Exit Odds Spike on Polymarket After NYT
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow US

Find US on Socials
TwitterFollow
TelegramFollow
LinkedInFollow

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
Bitcoin Could Hit $120K If Fed Cuts Rates Soon
Bitcoin Could Hit $120K If Fed Cuts Rates Soon
Iceland PM Shifts Energy from Bitcoin to Agriculture
Iceland PM Shifts Energy from Bitcoin to Agriculture
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch
RippleX Halts AMM Pool Deposits Due to XRP Ledger Glitch

You Might Also Like

$BONK Surges 4% as Breakout Above $0.000021 Nears
CryptoNews

$BONK Surges 4% as Breakout Above $0.000021 Nears

By Haider Ali 4 weeks ago
XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz
Altcoin NewsNews

XRP Gathers Momentum Amid Whale Accumulation and ETF Buzz

By Muhammad Ali 2 months ago
MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension
CryptoNews

MOVE Token Drops 20% After Coinbase Announces May 15 Trading Suspension

By Haider Ali 2 months ago
XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments
NewsCrypto

XRP Eyes Potential 15% Gains Amid Regulatory And Market Developments

By Nayab Fatima 4 months ago
CryptoXTimesCryptoXTimes
Follow US
© 2024 CryptoXtimes. All Rights Reserved.
  • About Us
  • Careers
  • Privacy Policy
  • Risk Disclaimer
Welcome Back!

Sign in to your account

Lost your password?