Consensys announced its acquisition of Wallet Guard, a leading security tool designed to protect digital assets and data from scams and theft.

This move aims to enhance MetaMask, the world's leading self-custodial crypto wallet, by integrating Wallet Guard's advanced security features.

Despite the crypto industry's efforts to protect users, scams and hacks remain prevalent, with significant losses reported in recent years.

The acquisition aligns with Consensys' mission to prioritise user safety and promote web3 adoption.

Wallet Guard's integration will improve scam detection and transaction validation in MetaMask, providing users with real-time protection against malicious activities.

The Wallet Guard team will join MetaMask, reinforcing its security measures and continuing collaborations with web3 security partners.