ConsenSys Beefs Up MetaMask Security With the Acquisition of Wallet Guard

ConsenSys will integrate Wallet Guard’s browser extension to further protect MetaMask users against exploits and scams.
Image source: MetaMask

Quick take:

  • The integration is expected to help MetaMask detect potential wallet exploits better using transaction validation and client-side heuristics.
  • The entire Wallet Guard team will join ConsenSys as part of the deal.
  • In February ConsenSys also integrated Blockaid security alerts into MetaMask.

ConsenSys has announced the acquisition of the crypto security app Wallet Guard. The company plans to integrate Wallet Guard’s browser extension to further protect MetaMask users against exploits and scams.

Metamask will also leverage Wallet Guard’s security engine capabilities to improve wallet drain detection via transaction validation and client-side heuristics, The Block reported. ConsenSys said the integration will provide users with real-time protection against scams and malicious dApps.

Commenting on the acquisition, Consensys CEO and Ethereum co-founder Joe Lubin said in a statement: “Wallet Guard has quickly become a premier security tool with advanced capabilities and constant innovation that strategically aligns with Consensys’ goal of putting user safety at the forefront. Their innovative security solutions will be instrumental in our mission to create a safer and more secure environment to continuously pave the way for the industry’s mass adoption.”

As part of the deal, the Wallet Guard team is expected to join ConsenSys as part of its MetaMask product safety department.

Wallet Guard co-founder and co-CEO Ohm Shah commented: “We’re thrilled at the opportunity to bring our knowledge and commitment to end-user security to millions of MetaMask users worldwide. Advancements in security, fraud and scam prevention are essential for the mass adoption of web3.”

This announcement follows MetaMask’s integration with Blockaid earlier this year, which sought to improve the crypto wallet service provider’s security alerts.

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