ConsenSys, the prominent Ethereum-centric software architect and the visionary behind the acclaimed MetaMask wallet, has officially acquired Wallet Guard, a distinguished entity in the cryptocurrency security domain. This strategic acquisition was announced by both companies on Wednesday.

The entire cadre of Wallet Guard professionals is set to integrate with ConsenSys, specifically within the MetaMask Product Safety division, as per the official press release. The financial specifics of the transaction remain undisclosed.

In the ever-evolving landscape of decentralized applications within the Web3 blockchain sphere, last year witnessed significant financial losses due to various scams. Wallet Guard excels in augmenting the detection of scams and drainers via advanced transaction validation and sophisticated client-side heuristics. This move follows MetaMask’s previous year’s enhancement, which integrated Blockaid security alerts into its system.

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“MetaMask stands out among digital wallets by offering not just robust default security features, but also through its Snaps extensibility platform, which allows for security-enhancing plugins,” remarked Patrick Berarducci, the lead at MetaMask and Infura within ConsenSys.

ConsenSys has been actively pursuing acquisitions to bolster its technological prowess. Last year, the company acquired blockchain microstructure innovator Special Mechanisms Group (SMG), the blockchain notification service HAL, and in 2022, it brought the wallet firm MyCrypto under its wing.