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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.
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