The Security Alliance (SEAL), a group of white hat hackers, has recovered $50 million in assets since its founding in 2023 and has introduced a threat-sharing platform tailored for the cryptocurrency sector. Named SEAL-ISAC, the platform offers various features including information sharing, threat analysis, incident coordination, and education on security best practices. Notably, major crypto entities like the Ethereum Foundation, Polygon, and Chainalysis have joined the initiative.
SEAL-ISAC is built on the Open Cyber Threat Intelligence Platform (Open CTI) and supports both centralized and decentralized crypto entities. Moreover, it integrates with SEAL’s other projects, such as SEAL 911, a Telegram channel where white hat hackers provide real-time assistance during crypto security incidents. Despite the increasing complexity of crypto-related hacks, the initiative aims to raise the bar for hackers and bolster security in the cryptocurrency space.
The launch of SEAL-ISAC comes amid a renewed optimism in the crypto markets, with many major players anticipating another bull cycle. While crypto hacks have historically resulted in significant losses, initiatives like SEAL-ISAC offer hope for improved security and risk mitigation. As crypto-related hacks become more sophisticated, initiatives like SEAL-ISAC play a crucial role in fostering collaboration, sharing intelligence, and enhancing the overall security posture of the crypto ecosystem.
