Council Members Present:
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Hart Lambur
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Jonathan Alexander
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Juan Garre
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Jeremy Sklaroff
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Kubi Mesah
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Mat Travizano
Opening
The Council meeting opened at approximately 7:00 pm (UTC) on July 30, 2025. It was noted that proper notice had been provided to the Council in accordance with the Bylaws. Six of the seven Council Members were in attendance and the meeting had a quorum. The Council consented to the appointment of certain third-party notetakers and attendees.
It was noted that certain Council discussions would be sufficiently sensitive that they should be excluded from meeting notes according to the Bylaws, in particular certain topics protected by non-disclosure agreements. These minutes have excluded certain sensitive details concerning such subject matter.
New Council Member
The meeting opened by welcoming Mr. Kubi Mensah as a new member of the Forta Council and discussion ensued. The Council discussed the pending transactions on the Council multisignature wallets on Ethereum and Polygon to reflect the Council member changes effected June 18, 2025 and the Council proceeded to approve such transactions successfully.
Forta Network and Firewall Updates
It was noted that the Forta Network continued to operate in a healthy state and there were no material updates.
A member of the Forta Foundation provided a presentation regarding the Forta Firewall solution. It was noted that transactions screened by Firewall had increased significantly in volume over the previous months and that the solution was scaling well with increased transaction volumes. Discussion ensued regarding multiple types of hacks and compliance issues that had been identified and blocked by Firewall and it was noted that Firewall users were happy with the product.
The Council reviewed an example monitoring dashboard that could be utilized by a Firewall user and the various features and workflows that were available to Firewall users. Examples of blocked phishing contract deployments and compliance transaction blocking were highlighted.
It was noted that new Firewall modules had been created based on user requests, which generally fit within the areas of security, monitoring, and compliance. In particular, there was increased interest from financial institutions for compliance transaction screening solutions. All questions were answered to the satisfaction of the Council.
Financial Update
A presentation regarding the operational expenses of the Foundation and its funding efforts in the Forta community was provided to the Council. The Council reviewed staffing updates at the Foundation and marketing campaigns undertaken with initial Firewall users. Following discussion, the Council concluded that the Foundation remained in a healthy position to continue to carry out its mission. There being no further matters to discuss, the meeting was adjourned.