Ethereum Foundation funds SEAL to counter wallet-draining scams

The Ethereum Foundation (EF) has shifted from grant-style support to an operational sponsorship of Security Alliance (SEAL), assigning a dedicated security engineer to work inside SEAL’s intelligence team to accelerate threat monitoring, hunting, and response across the Ethereum ecosystem. As part of the collaboration they publicly launched the Trillion Dollar Security dashboard, which scores risk across six security domains and itemizes between eight and 29 controls per domain alongside prioritized remediation tasks. SEAL will observe and report on those controls to create an operational baseline for security posture and measurable progress over time. The sponsorship emphasizes live detection, attribution, and incident response rather than only academic research or one-off grants, reflecting an acknowledgement that modern drainer attacks combine technical exploitation with social engineering and therefore require both telemetry and behavioral signals. The partnership also includes commitments to operational collaboration with white-hat researchers and protections intended to enable safe disclosure and remediation, increasing the chance of asset recovery when possible. Separately, a community-led proposal — led by veteran developer Griff Green and involving organizations such as Giveth — seeks to repurpose roughly 70,500 ETH from an ExtraBalance Withdrawal contract plus about 4,600 ETH equivalent from a DAO Curator multisig into a staked security treasury whose yield would finance ongoing security work. While distinct from EF’s sponsorship of SEAL, that proposal signals expanding, complementary funding channels that could support long-term defensive capacity through yield rather than liquid principal. The combined picture is of a maturing ecosystem response: funded operational teams and public accountability tools on the one hand, and nascent efforts to create perpetual, community-directed security funding on the other. Both approaches face implementation challenges — timely information sharing, continuously updated detection logic, legal clarity for researcher activity, and transparent governance for any repurposed assets — and their effectiveness will depend on sustained cooperation across projects. For developers and infrastructure operators, the dashboard provides concrete control lists and prioritized remediation tasks to guide resource allocation. For users and custodians, the initiative should improve the speed with which emergent scams are identified and neutralized. Ultimately, the program converts a previously diffuse set of security efforts into a metrics-driven, staffed initiative; allied community treasury proposals could supply durable funding, but require robust governance and dispute-resolution mechanisms to avoid reigniting historical controversies.