Crypto Companies Launch Nonprofit to Share Unbiased Information and Advance Security Initiatives

Paul, Weiss advised on the formation of the Crypto Information Sharing and Analysis Center, a 501(c)(6) not-for-profit association of organizations dedicated to advancing security initiatives across the crypto ecosystem. The entity, spearheaded by founding members Aleo, Circle, Coinbase, Consensys, Evertas, Fireblocks, Hedera, Kraken, Offchain Labs, Red Balloon Security, Ribbit Capital, Solana Foundation and Trail of Bits, will foster collaboration and information exchange among industry players.

The entity’s five strategic objectives are to build a trusted environment for private industry players and government bodies; to serve as an impartial information broker, sharing unbiased information; to manage the quality of information dissemination; to encourage collaboration to safeguard critical cryptoasset and blockchain infrastructure; and to build agility and resiliency to changes in the threat landscape.

A multidisciplinary Paul, Weiss team advised on the pro bono matter, including partners John Carlin, Austin Pollet, Jonathan Ashtor, Roberto Gonzalez and Rush Atkinson, litigation counsel Steven Herzog and Peter Carey, and corporate associates Dana O’Shea and Matthew Battaglia, intellectual property associate Yihan Zhuang, executive compensation associate Lilibeth Clelo, and litigation associates Cole Rabinowitz and Sahil Sheth.