White hat hacker group SEAL launched a crypto threat sharing center
A group of white hat hackers called Security Alliance (SEAL) It claims to have raised $50 million in assets since its inception in 2023 and launched a risk-sharing platform to support the crypto space.
On April 17, the consortium announced SEAL-ISAC, an independent Information Sharing and Analysis Center (ISAC) – a platform dedicated to crypto, providing security information and connections to experts on cyberattacks and financial crimes.
Features include information sharing, threat analysis and alerts, best practices, incident coordination and response, and education on security best practices and threats.
Nearly two dozen major crypto organizations have joined the initiative as early participants, including the Ethereum Foundation, Polygon, Uniswap Labs, Chinalysis, and Metamask.
The platform is built on the open source Cyber Threat Intelligence Platform (Open CTI) and supports centralized and decentralized crypto components.
ISAC integrates with other SEAL initiatives such as SEAL 911 Cryptosecurity Incident Response – a Telegram messenger channel where a team of about 40 white hat hackers take hacking reports in progress and provide real-time assistance.
Related: Crypto hack losses down 51% by 2023: Report
Crypto markets are poised to enter another bull cycle in 2023 following the breakout of breakout losses.
Since 2016, more than 7.7 billion dollars have been stolen in crypt hacks – most of them were stolen from major exploits in 2021 and 2022, according to Defillama.
SEAL Team member and head of Paradigm Security “Samxun” told Cointelegraph magazine in March that the increasing sophistication of crypto-related hacks is “the equivalent of taking a college-level course on quadratic equations.”
“Things are getting harder, but it's a good sign that we're forcing hackers to solve more complex problems,” he added.
Magazine: ‘SEAL 911' White Hat Team Formed To Fight Crypto Hackers In Real Time
