🔐 Cryptocurrency exchanges Coinbase and Kraken, along with blockchain companies such as Fireblocks, have created a new council to combat new threats such as contract exploitation.

🌐 The new organization, called the Blockchain Security Standards Council (BSSC), will aim to establish “uniform security standards” to build trust in the industry.

🎯 BSSC will focus on addressing threats such as fraud, campaigns targeting states, and exploitation of protocols and contracts.

🤝 All companies in the BSSC are committed to developing “industry safety benchmarks and a robust audit process by the end of 2024.”

👥 The Council will also seek to engage with regulators to ensure the development of “common standards that protect consumers and promote innovation in the asset class.”

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