White hat ‘SEAL’ team protecting from crypto hacks surpasses 900 investigations
The crypto security team is preparing to launch a battleground for hackers and crypto protocols at the DeFi Security Summit at Devcon in November.
In response to the growing threat of cryptocurrency hacks, a team of ethical hackers has created an elite “SEAL” team to strengthen defenses and prevent breaches worse than those in 2023.
The anti-hack response team, SEAL (Security Alliance), led by white hat hacker and Paradigm researcher Samczsun, has received over 900 hack-related tickets since their launch in Aug. 2023.
To make protocols more resilient to cyberattacks, the initiative will create a battleground for white hat hackers and emerging protocols, announced samczsun, during his keynote at the Web3 Summit in Berlin:
“We envision a future where we host live adversarial environment for protocols and researchers to stress test their protocols. This way, the teams can pass through protocol and make sure that it functions under high-intensity situations. But also, researchers can test their skills in being a black hat or a white hat.”
The initiative’s first event, Battle.net, will be hosted at the DeFi Security Summit at Devcon between Nov. 7 and 9.
The white hat initiative comes nearly a month after a hacker stole over $230 million from WazirX, an Indian cryptocurrency exchange, in the second-largest cryptocurrency hack of 2024 so far.
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