Key Takeaways:
- Consensys acquires cryptocurrency security firm Wallet Guard to enhance MetaMask’s security features.
- Wallet Guard team will integrate into MetaMask Product Safety Team, bolstering scam detection and transaction validation.
- This acquisition continues Consensys’ strategy of strengthening its portfolio, following previous acquisitions of Special Mechanisms Group, HAL, and MyCrypto.
Consensys, the developer behind the Ethereum-focused MetaMask wallet, announced its acquisition of cryptocurrency security firm Wallet Guard.
While the financial details were not disclosed, the Wallet Guard team will join the MetaMask Product Safety Team.
🔊We proudly announce the acquisition of @wallet_guard by Consensys!
— Consensys (@Consensys) July 3, 2024
This new addition to our family strengthens @MetaMask's commitment to user protection, building on recent security feature integrations to safeguard against hacks and scams.https://t.co/V5PnvuxZMf
This move builds on MetaMask’s previous integration of Blockaid security alerts, enhancing scam detection and transaction validation.
Patrick Berarducci, who leads MetaMask and Infura at Consensys, highlighted MetaMask’s robust default security and additional security-enhancing plugins available through its Snaps platform.
when i joined @wallet_guard just 2 years ago the goal was to secure web3
— MichaelK.eth (@MichaelKdcl) July 3, 2024
as a team we agreed to hyperscale by moving into a hacker house to continue our vision
i am now honored to announce my new role as Senior Business Development Manager of @Consensys
LET'S BUILD 🫡 pic.twitter.com/1fyjTpSB70
This acquisition is part of Consensys’ broader strategy to strengthen its portfolio, following last year’s acquisitions of Special Mechanisms Group and HAL, and the 2022 acquisition of MyCrypto.
About The Author
Fleming Airunugba, a seasoned Web3 and crypto content expert, leverages his deep understanding of blockchain technology to bring the latest and most impactful news to the crypto community.
With a knack for engaging storytelling and strategic content creation, Fleming is dedicated to educating and inspiring his audience with insightful analysis on cryptocurrencies, NFTs, and the future of digital finance.
Check Fleming out on: