Major crypto wallets raise defense network as phishers jack $400M

**MetaMask Leads $400M Anti-Phishing Defense Initiative Across Major Cryptocurrency Wallets**

MetaMask has spearheaded a groundbreaking collaboration with leading cryptocurrency wallet providers to combat the escalating $400 million phishing threat plaguing the digital asset ecosystem. This real-time phishing defense network represents a critical security milestone for Bitcoin, Ethereum, and DeFi users worldwide.

The innovative blockchain security initiative enables proactive threat detection and prevention across multiple wallet platforms, protecting millions of cryptocurrency investors from sophisticated scamming operations. With phishing attacks becoming increasingly sophisticated in the DeFi space, this collaborative defense network addresses one of the most pressing challenges facing digital asset adoption.

The partnership demonstrates how major crypto infrastructure providers are prioritizing user security as institutional adoption accelerates. By sharing real-time threat intelligence, participating wallets can instantly alert users about malicious websites, fake tokens, and fraudulent smart contracts before financial losses occur.

This security enhancement could significantly boost cryptocurrency market confidence, potentially impacting Bitcoin and altcoin adoption rates. The initiative positions participating wallet providers as industry leaders in blockchain security, while protecting the broader cryptocurrency ecosystem's reputation and user trust.