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News

Consensys Buys Wallet Guard Safety Tool

MetaMask is bringing on some new talent and tech.
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Jul 3, 2024 • 1 min read

Consensys announced its acquisition of scam and drainer detection tool Wallet Guard to expand its MetaMask offerings.

What’s the scoop?

  • Acquisition Details: The Wallet Guard team will join Consensys, specifically within the MetaMask Product Safety Team.
  • Enhancing MetaMask Security: The acquisition expands on MetaMask's security following last year's integration of Blockaid security alerts. 
  • M&A Track Record: While explicit financial terms of the deal were not disclosed, this latest acquisition continues Consensys’s series of acquisitions from blockchain notifications service HAL, wallet company MyCrypto, and onchain mechanism design firm Special Mechanisms Group.

Bankless Take:

Wallets are essential tools in the onchain journey and offer the most surface area to prevent user missteps. It's not surprise that Consensys is journeying deeper into helping user stay safe onchain, and these foundational investments could help make the difference for MetaMask users exploring the frontier.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Published in Bankless

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