According to Odaily, the Starknet Security Committee V1.0 has been officially established with the primary goal of ensuring the security and integrity of the Starknet network. Comprising 12 members, the committee emphasizes geographical and organizational diversity alongside professional expertise. Initially tasked with safeguarding staking interests, the committee's mission will gradually expand to cover Starknet's core infrastructure.

The committee is responsible for evaluating and approving proposed upgrades, managing emergency responses, and maintaining transparent reporting. Its duties aim to balance security and operational transparency, focusing on several key areas: security risk assessment, emergency response, approval processes, and transparency.

In terms of security risk assessment, the committee evaluates proposed upgrades to Starknet's core contracts, identifying potential vulnerabilities. For emergency responses, the committee can take immediate action with a 75% approval vote in urgent situations. The approval process for upgrades requires a thorough security review and at least 50% committee approval. Transparency is maintained by publishing reports on approved, rejected, and emergency decisions to uphold trust within the Starknet community.

Furthermore, the committee's role is strictly limited to ensuring network security and cannot reject upgrades for reasons unrelated to security.