Paradigm researcher Samczsun recently provided insights into a significant expansion of SEAL 911, a Telegram bot designed to aid first responders in reporting defi hacks and crypto exploits in real-time. Since its launch last year, SEAL 911 has gathered a considerable amount of information, including attacker wallet addresses and hack vectors.
According to Samczsun, this trove of data contains valuable threat intelligence that could assist in recovering funds, tracking down threat actors, and potentially identifying future victims. Samczsun revealed that while this wealth of information existed, the means to organize, correlate, and distribute it was previously lacking.
In a thread on April 17, the researcher introduced SEAL-ISAC as the solution to this problem. Notably, the ISAC concept is not limited to blockchains and cryptocurrencies, and any organization supporting threat intel sharing may fall under this category.
Samczsun suggested that SEAL-ISAC could potentially serve the entire Web3 community, similar to how most Web2 financial firms benefit from the FS-ISAC. At the time of Samczsun’s remarks, various attacks were ongoing, with Curve Finance being just one example.
Notably, groups like North Korea’s Lazarus had stolen hundreds of millions in crypto from blockchain users.