SEAL and the Ethereum Foundation (EF) have started a joint effort to improve protection for people using Ethereum
The EF will now fund a full-time security engineer who focuses solely on tracking and stopping wallet drainers and other social engineering attacks.
SEAL said this role will operate within its intelligence team and focus on active threats targeting Ethereum users.
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SEAL noted that it approached the EF at the end of last year to request support for this work. The goal was to monitor drainer tools more closely and reduce the impact of large, coordinated attacks.
The result of those talks is a shared initiative called “Trillion Dollar Security”.
A key part of this initiative is a dashboard that measures Ethereum’s security across several areas. The dashboard looks at user experience, smart contracts, infrastructure and cloud, the consensus protocol, monitoring and incident response, and the social and governance layer.
Each area includes a list of risk controls that SEAL and the EF follow, as well as items marked as “priority work” that need attention sooner rather than later.
After the announcement, the EF stated on X that SEAL’s work has been useful for the broader ecosystem.
SEAL said this collaboration is only the first step. The group plans to work with other ecosystems and invites any foundation or project to discuss similar sponsorship models.
Recently, the Ethereum Foundation formed a Post Quantum (PQ) team to protect the network from future quantum computing threats. What did researcher Justin Drake say? Read the full story.
