Immunefi partners with Binance Smart Chain on bug bounties to secure BSC proj...
Binance is set to match bug bounties paid by Immunefi to white hat hackers that discover vulnerabilities in Binance Smart Chain projects. Immunefi, a security service outfit that specialized in decentralized finance (DeFi) projects, has inked a collaboration with crypto exchange giant Binance.According to a release issued on Friday, Immunefi will work in collaboration with Binance to improve the security of projects on the Binance chain. As part of the partnership, Binance will match bug bounty payments issued by Immunefi to white hat hackers who discover vulnerabilities in BSC-based....
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The BEP-20-based FXT token hopes to “replicate the success of its variant — ERC-20 Token.” Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January.The new token, which is built on Binance Smart Chain, is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor. In addition to increasing the altcoin’s overall performance in efficiency and utility, FXT intends to list its token across several crypto exchanges to make it globally....
Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape. Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a white hat hacker who averted a $10-million bug crisis. Industry white hat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team. For his....
Over $200 million worth of users' funds could have been at risk if the whitehat chose to exploit the vulnerability for personal gain instead of reporting it to developers. On Tuesday, Ethereum (ETH) bridging and scaling solution Aurora announced it had paid out a $6 million bounty to ethical security hacker pwning.eth, who discovered a critical vulnerability in the Aurora Engine. The exploit allegedly placed over $200 million worth of capital at risk. The sum was paid in collaboration with Immunefi, a leading platform for Web 3.0 bug bounties, with $145+ million bounties available and $45+....
The platform has paid out more than $7.5 million in bug bounties since inception in December 2020. DeFi security platform Immunefi has announced a $5.5 million funding from a panoply of eleven institutional investors including Blueprint Forest, Electric Capital, Framework Ventures and Bitscale Capital, in addition to a series of private individuals. Immunefi will utilize the funds to advance its services in DeFi security, providing asset protection to smart contract protocols, as well as implementing financial incentives to benevolent hackers. The service is reportedly responsible for....
As you might have read in our latest article, we’re fierce on safety. As blockchain’s first OS, we need to constantly prioritize the security of our code. That’s why we teamed up with Immunefi, DeFi’s leading bug bounty platform. What exactly is a Bug Bounty? A bug bounty is a financial incentive to independent bug bounty hunters who discover security vulnerabilities and weaknesses in systems. Through Immunefi, Cartesi gives $500,000 in rewards to find bugs to keep our code reliable for all users – additional rewards are also available to earn in the program.....