Coinbase, Circle, Kraken Join Crypto's New 'Neighborhood Watch' for Cyberthreats

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Coinbase, Circle, Kraken Join Crypto's New 'Neighborhood Watch' for Cyberthreats
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Marc Hochstein is the executive editor of Consensus, CoinDesk's flagship event. He holds BTC above CoinDesk's disclosure threshold of $1K and de minimis amounts of other digital assets (details on profile page).

Coinbase, Kraken and Circle are among the inaugural members of a group formed to enhance cybersecurity in the cryptocurrency industry.

The information security and analysis center is the second such organization to be created for digital asset firms in as many months.Crypto Gets Another 'Neighborhood Watch' to Guard Against Hacks Circle, issuer of USDC, the second-largest stablecoin, is also part of Crypto ISAC, the group announced Wednesday. So are the Solana Foundation, which stewards development of the fifth-largest cryptocurrency; Consensys, a key software development company in the Ethereum ecosystem; venture investor Ribbit Capital; Fireblocks, a crypto custody specialist; and Evertas, which writes insurance against crypto thefts and spearheaded the ISAC's formation.

Crypto ISAC aims to not only thwart cybercrime but build legitimacy and credibility with government and law enforcement for an industry long regarded as a lawless Wild West. AboutSenior cybersecurity executives from Circle, Coinbase, Consensys, Fireblocks, and Solana will appear Wednesday at CoinDesk's Consensus 2024 event in Austin, Texas, to discuss their involvement in the ISAC.

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