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Ethereum Builder Consensys Buys Wallet Guard to Strengthen MetaMask Security
Consensys has been active in the acquisition trail, last year buying blockchain microstructure designer Special Mechanisms Group and blockchain notifications service HAL, and wallet firm MyCrypto in 2022.
- The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team.
- The acquisition follows the integration of Blockaid security alerts into MetaMask.
Consensys, the Ethereum-focused software developer and builder of the popular MetaMask wallet, has bought cryptocurrency security firm Wallet Guard, the companies said on Wednesday.
The entire Wallet Guard team will join Consensys within the MetaMask Product Safety Team, according to a press release. The financial terms of the deal were not disclosed.
STORY CONTINUES BELOW
The blockchain-based Web3 world of decentralized applications saw its fair share of funds stolen from users through scams alone last year. Wallet Guard, which further improves scam and drainer detection through transaction validation and client-side heuristics, follows last year’s integration of Blockaid security alerts into MetaMask.
“MetaMask is unique among wallets in providing not only strong default security features, but also security-enhancing plugins through our Snaps extensibility platform,” said Patrick Berarducci, MetaMask and Infura lead at Consensys, in a statement.
Consensys has been active in the acquisition trail, last year buying blockchain microstructure designer Special Mechanisms Group (SMG) and blockchain notifications service HAL, and wallet firm MyCrypto in 2022.
Ian Allison
Ian Allison is a senior reporter at CoinDesk, focused on institutional and enterprise adoption of cryptocurrency and blockchain technology. Prior to that, he covered fintech for the International Business Times in London and Newsweek online. He won the State Street Data and Innovation journalist of the year award in 2017, and was runner up the following year. He also earned CoinDesk an honourable mention in the 2020 SABEW Best in Business awards. His November 2022 FTX scoop, which brought down the exchange and its boss Sam Bankman-Fried, won a Polk award, Loeb award and New York Press Club award. Ian graduated from the University of Edinburgh. He holds ETH.
