Ethereum Foundation Takes Action Against Hackers, SEAL Receives Funding to Upgrade Security System, Nearly $1 Billion Loss Serves as a Wake-Up Call

The Ethereum Foundation officially supports the cybersecurity nonprofit organization Security Alliance (SEAL) to strengthen defenses against the increasing wave of cryptocurrency theft attacks targeting Ethereum users. SEAL revealed that the foundation provides funding through its “Trillion-Dollar Security Program,” specifically hiring a security engineer to collaborate with intelligence teams to track and eliminate wallet theft and phishing activities targeting users.

These theft attacks are often circulated in underground forums in the form of malicious scripts or toolkits, allowing anyone without specialized technical skills to launch scams. Attackers frequently impersonate trusted protocol websites, guiding users to approve a few seemingly normal transactions. Once authorized, the digital assets in the wallet are quickly transferred out. Programs like Angel, Inferno, and others continue to update their versions and even persist after being “shut down,” continuing to spread.

SEAL cited data from ScamSniffer indicating that over the past few years, such attacks have caused nearly $1 billion in asset losses. To address this systemic threat, SEAL launched the “Trillion-Dollar Security” dashboard, providing real-time visual monitoring across six key dimensions: user experience, smart contracts, infrastructure, consensus protocols, monitoring and incident response, and social governance.

SEAL stated that its collaboration with the Ethereum Foundation is just the beginning, and in the future, other blockchain ecosystems and foundations are also welcome to adopt similar sponsorship models to jointly expand user protection. Notably, SEAL’s efforts have already shown results, with data indicating that losses from “vampire” attacks have dropped to a historic low of approximately $84 million in 2025.

The organization was founded in 2023 by white-hat hacker samczsun and is dedicated to providing rapid response and collaborative threat intelligence. Last year, MetaMask, Phantom Wallet, WalletConnect, and Backpack joined its real-time anti-phishing network, forming a cross-platform security alliance. As blockchain applications continue to expand, such security collaborations are becoming a vital line of defense in safeguarding user assets.