Samczsun, the security chief of Paradigm, a cryptocurrency risk investment company, announced the formation of a powerful cryptocurrency ecosystem security alliance called SEAL Org.
According to the introduction, the organization is able to assist cryptocurrency users affected by hacker attacks or other internet security incidents around the clock. In addition, the platform will provide legal protection for white hat hackers during fund rescue operations and offer “red team exercises” to web3 developers for free. These exercises simulate enemy network attacks on organizational systems to identify vulnerabilities and develop effective response strategies.
Samczsun stated that even during the Nomad cross-chain bridge attack (involving up to $190 million), many capable and well-intentioned white hat hackers were unable to intervene and save the funds due to factors such as legal frameworks. This led him to conceive the idea of gathering the power of well-intentioned white hat hackers to create a security alliance.
According to their website, organizations and partners that have donated to the security alliance include the Ethereum Foundation, a16z crypto, Paradigm, Vitalik Buterin, Filecoin Foundation, Coinbase, Dragonfly, Framework, and Electric Capital.
Furthermore, the CTO of Web3 security company SlowMist is also among the members of SEAL Org. SlowMist’s founder, Yu Xian, has called for support on social media platforms.
