Technology
Paradigm’s Famed ‘White-Hat’ Hacker Unites Peers Against Crypto Attacks
- Nonprofit raised over $1 million from well-known venture funds
- New framework sets to protect hackers from legal woes
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Samczsun, a pseudonymous cybersecurity researcher at digital-asset investment firm Paradigm, is leading an initiative to protect “white-hat hackers” from potential legal woes when they step in to protect crypto projects from attacks.
The recently created nonprofit Security Alliance has so far received more than $1 million in donations from digital-asset investors and projects including venture funds Andreessen Horowitz’s crypto division, Electric Capital, Paradigm, and industry organizations such as the Ethereum Foundation. Ethereum’s co-founder Vitalik Buterin donated $500,000, according to a spokesperson for Security Alliance.