SEAL, the white hat hacker collective, inaugurates a center for sharing crypto threats

A group of ethical hackers known as the Security Alliance (SEAL) has announced that it has recovered $50 million in assets since its establishment in 2023. To further support the cryptocurrency industry, SEAL has launched a threat-sharing platform called SEAL-ISAC. This platform, specifically designed for the crypto space, aims to protect against cyberattacks and financial crimes by providing security intelligence and connections to experts.
SEAL-ISAC offers various features including information sharing, threat analysis and alerts, best practices, incident coordination and response, and education on security best practices and threats. Several prominent crypto organizations, including the Ethereum Foundation, Polygon, Uniswap Labs, Chainalysis, and MetaMask, have already joined the initiative as early participants.
The platform is built on the open-source Open Cyber Threat Intelligence Platform (Open CTI) and is compatible with both centralized and decentralized crypto entities. Additionally, SEAL-ISAC integrates with SEAL’s other initiatives, such as SEAL 911 crypto security incident response. This initiative operates through a Telegram messenger channel where a team of approximately 40 white hat hackers can receive reports of ongoing hacks and provide real-time assistance.
According to a report by DefiLlama, the decline in hack losses in 2023 has positioned the crypto markets for another bull cycle. Since 2016, over $7.7 billion has been stolen in crypto hacks, with the majority of the funds being taken from major exploits in 2021 and 2022.
A member of the SEAL team, known as “Samczsun” and also the head of Paradigm security, stated in an interview with Cointelegraph Magazine in March that the complexity of crypto-related hacks is increasing. They compared it to taking a college-level course on quadratic equations. However, they also view this as a positive sign, as it means that hackers are being challenged to solve more complicated problems.
In summary, the SEAL team has formed a group of white hat hackers called SEAL 911 to combat crypto hacks in real time. They have recovered $50 million in assets and launched the SEAL-ISAC threat-sharing platform to protect against cyberattacks and financial crimes in the crypto space. With the support of major crypto organizations, this initiative aims to enhance security and intelligence within the industry.