White hat crypto hackers unite to create crime fighting collective
Security Alliance was spearheaded by the head of Paradigm security and offers good hackers the chance to work with companies according to preset rules.
The crypto community is applauding the launch of Security Alliance, a nonprofit registered in the United States intended to provide support for “white hat” hackers capable of recovering funds from exploiters. The initiative unites a team of blockchain security specialists headed by samczsun, head of security at crypto venture capital firm Paradigm.
The new organization was made public on Feb. 14. According to its website, Security Alliance has three projects underway. There is a hotline to request help with a security response and a war games component to help prepare developers for security risks.
The group claimed to have over 50 donors and partners. Among those named were the Ethereum Foundation, Vitalik Buterin, a16zcrypto, Paradigm, Electric Capital and Coinbase. A Bloomberg report stated that the group had raised over $1 million, with Buterin alone contributing $500,000.
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