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https://www.europesays.com/2146950/ Crypto Kidnappings Trigger New Wave of Security Measures #bitcoin #BitcoinFamily #crypto #CryptoKidnappings #CryptoSecurity #CryptoWallets #cryptocurrency #DidiTaihuttu #DigitalAssets #News #PYMNTSNews #What'sHot
Last week, Ledger co-founder David Balland and his wife were kidnapped in France & held for ransom.
With the help of SEAL 911 & local law enforcement, they were freed and the ransom payment made in crypto was immediately frozen (& recovered) — a potential precedent for future investigations.
As David’s co-founder, Nicolas Bacca said, “Asking for a ransom onchain means the entire community is fighting against you - not a smart move.”
en.thebigwhale.ioNicolas Bacca: "We have invented a unique organisational model for intervening in cryptocurrency ransom"Nicolas Bacca, co-founder and former CTO of Ledger, looks back at the role of his unit in freezing the cryptocurrency ransom demanded by the kidnappers of David Balland and his wife.
"The need for SEAL crystallized for Jennings during the Nomad hack when he blocked a16z’s security team from stepping in.
“I basically had to be the bad guy by saying ‘no, we can’t take on that risk,’ you weren’t legally authorized to engage in that activity, so potential criminal liability comes with it. Maybe there were funds we could’ve recovered, but I wouldn’t allow us to take on that risk.”
He says SHA is clear on “what types of hacks and white hat activity to allow versus not allow” and includes a list in especially clear and understandable language for white hats."
#SEAL #SecurityAlliance #CryptoSecurity
https://cointelegraph.com/magazine/seal-911-team-white-hat-forms-fight-crypto-hacks-real-time/
Cointelegraph Magazine · ‘SEAL 911’ team of white hats formed to fight crypto hacks in real timeProjects under attack can hire the SEAL 911 team of white hat hackers to combat exploits — but only after signing on the dotted line.