Ethical hackers save crypto billions, SEAL's Safe Harbor makes it possible

Ethical hackers save crypto billions, SEAL's Safe Harbor makes it possible

By Cointelegraph
White hat hacker collective SEAL has acknowledged 29 companies for supporting its Safe Harbor framework, enabling ethical hackers to defend user funds during live attacks.

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**Ethical Hackers Protect Billions in Cryptocurrency Through SEAL's Revolutionary Safe Harbor Framework**

White hat hackers are revolutionizing cryptocurrency security, potentially saving billions in digital assets through SEAL's groundbreaking Safe Harbor initiative. The ethical hacker collective has recognized 29 major blockchain companies for implementing this innovative framework, which empowers security researchers to defend user funds during real-time cyber attacks.

This development marks a significant milestone for DeFi security and cryptocurrency protection, as the Safe Harbor program enables legitimate hackers to intervene during live blockchain exploits without legal repercussions. The initiative addresses critical vulnerabilities across Bitcoin, Ethereum, and other major cryptocurrency platforms, strengthening the entire digital asset ecosystem.

The collaboration between SEAL and participating companies demonstrates the crypto industry's commitment to proactive security measures. By incentivizing ethical hacking practices, this framework could dramatically reduce the billions lost annually to cryptocurrency theft and blockchain exploits.

This Safe Harbor approach represents a paradigm shift in cryptocurrency security, potentially transforming how the industry addresses vulnerabilities and protects investor funds across decentralized finance protocols and digital asset platforms.

Article Details

Market Sentiment
positive
Category
ethereum
Reading Time
1 min read
Article Type
Article
Topics & Keywords
#Ethereum#Institutional#Security

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Source: Cointelegraph

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