Consensys Boosts MetaMask Security with Wallet Guard Acquisition

Key conclusions:

Consensys acquires cryptocurrency security firm Wallet Guard to enhance MetaMask’s security features.
The Wallet Guard team will be integrated with the MetaMask product security team, improving fraud detection and transaction verification.
The acquisition continues Consensys’ strategy to strengthen its portfolio following its previous acquisitions of Special Mechanisms Group, HAL and MyCrypto.

Consensuscreator of Ethereum-focused MetaMask Walletannounced the acquisition of a cryptocurrency security company Wallet Guardian.

Although financial details were not disclosed, WalletGuard Team will join MetaMask Product Security Team.

🔊We are proud to announce the acquisition @wallet_guard by Consensys!

This new addition to our family strengthens @MetaMaskcommitment to user protection, based on recently introduced security features that protect against hacking and fraud.https://t.co/V5PnvuxZMf

— Consensys (@Consensys) July 3, 2024

This move builds on the previous MetaMask integration Blockaid Security Alertsincreasing fraud detection and transaction validation.

Patrick Berarducciwho runs MetaMask and Infura Consensys highlights the robust default security of MetaMask and additional security plugins available via Latches platform.

when i joined @wallet_guard 2 years ago the goal was to secure web3

as a team we agreed to hyper-scalability, moving to a hacker house to continue our vision

I am honored to announce my new position as Senior Business Development Manager @Consensys

LET’S BUILD 🫡 photo:twitter.com/1fyjTpSB70

— MichaelK.eth (@MichaelKdcl) July 3, 2024

This acquisition is part of Consensys’ broader strategy to strengthen its portfolio following last year’s acquisitions. Special Mechanisms Group AND HALLand takeover in 2022 MyCrypto.

About the author

A seasoned Web3 and cryptocurrency content expert, Fleming Airunugba leverages his in-depth knowledge of blockchain technology to bring the latest and most impactful news to the cryptocurrency community.

With a knack for engaging storytelling and strategic content creation, Fleming is dedicated to educating and inspiring his audience through insightful analysis of cryptocurrencies, NFTs, and the future of digital finance.

Check out Fleming on: