Ethereum Foundation backs SEAL's Trillion Dollar Security push against wallet drainers

The Ethereum Foundation is sponsoring Security Alliance (SEAL) to strengthen defenses against wallet drainers and social engineering attacks on Ethereum users. As part of the effort, SEAL and the foundation have launched a Trillion Dollar Security dashboard to monitor risks across six key areas of the Ethereum ecosystem. SEAL reports that coordinated security work has coincided with phishing and drainer losses falling to $84 million in 2025 from nearly $1 billion over several years.