Treasury Department announces crypto industry cyber threat sharing initiative

The U.S. Treasury’s OCCIP will begin sharing timely, actionable cyber threat intelligence with eligible U.S. digital asset firms at no cost to help them better identify, prevent, and respond to attacks. The move follows a series of large crypto thefts — including an alleged $280 million heist tied to North Korean hackers and recent losses at Drift and Bitcoin Depot — amid concerns over cuts to other federal threat-sharing programs. #Drift #NorthKoreanHackers

Keypoints

Treasury’s OCCIP will provide timely, actionable cyber threat intelligence to eligible U.S. digital asset firms at no cost.
Eligible digital asset firms will receive the same cybersecurity information Treasury shares with traditional financial institutions.
The initiative follows major crypto thefts, including an alleged $280 million theft linked to North Korean hackers.
Treasury has not specified which types of cryptocurrency companies will qualify for the program.
Planned cuts to CISA and other federal threat-sharing programs raise concerns about broader information-sharing capacity.