SEAL | Crypto

SEAL and the Ethereum Foundation created a Trillion Dollar Security dashboard to track Ethereum security as part of efforts to fight wallet drainers. The Ethereum Foundation is sponsoring crypto security nonprofit Security Alliance (SEAL) to “track and neutralize” crypto drainers and other social engineering attackers targeting Ethereum users. SEAL said on Monday that it launched the “Trillion Dollar Security” initiative with EF to support these efforts after reaching out to EF late last year about funding security engineers to more closely track drainer development and protect against wide-scale attacks. The EF is now sponsoring a security engineer whose “sole mission” is to work with SEAL’s intelligence team to combat drainers targeting Ethereum users, said SEAL. Read more

Binance co-founder warned about North Korean hackers after the white hat SEAL team uncovered the profiles and fake names of 60 impersonators. North Korean hackers are stepping up efforts to infiltrate cryptocurrency companies by posing as IT workers, raising fresh security concerns for the industry, according to Binance co-founder Changpeng “CZ” Zhao and a team of ethical hackers. CZ sounded the alarm Thursday on X about the growing threat of North Korean hackers seeking to infiltrate crypto companies through employment opportunities and even bribing exchange staff for data access. “They pose as job candidates to try to get jobs in your company. This gives them a “foot in the door,” specifically for employment opportunities related to development, security and finance, CZ said. Read more