Crypto bug bounty platform Immunefi raises $24M led by Framework Ventures
The growth of decentralized finance, or DeFi, has made the blockchain industry especially vulnerable to scams and attacks. Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry.The funding round was led by the San Francisco-based venture firm Framework Ventures, with additional participation from Electric Capital, Polygon Ventures, Samsung Next, P2P Capital and others. Immunefi said the capital would be used to hire staff....
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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 […]
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.....
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....
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+....
Immunefi’s largest bug bounty to date aims to help MakerDAO pinpoint potential vulnerabilities in its smart contracts and apps to prevent monetary losses. MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts.Maker’s (MAKER) plan to front-run attacks on its smart contracts is the largest ever on the bug bounty platform Immunefi. In fact if someone claimed the lot, it would equal the total amount of $10 million that Immunefi has paid out to date....