• Bitcoin
  • NFT
  • Binance
  • ETH
  • DeFi
  • Metaverse
  • IDO
  • Coinbase
  • Solana
  • ETF
  • FTX
  • GameFi
Newsletter
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
  • Home
  • Crypto News
  • Market
  • Learn
No Result
View All Result
CoinLive
No Result
View All Result
Home Crypto News

Immunefi awards $52 million in bug bounty in 2022

189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

This yr, bug bounty platform Immunefi awarded white hat hackers a complete of $52 million for discovering vulnerabilities in blockchain tasks.

Immunefi awards $52 million in bug bounty in 2022

The yr 2022 has witnessed a amount of hacks/exploits huge and compact really worth up to $three billion, hackers have a lot more and a lot more state-of-the-art techniques to exploit weaknesses in DeFi applications. This is why there are “bug hunting” organizations like Immunefi, which present options for hackers to earn cash flow with excellent explanation.

Related articles

Hong Kong cryptocurrency exchange Hounax scammed users out of $15.4 million

Hong Kong cryptocurrency exchange Hounax scammed consumers out of $15.four million

November 27, 2023
Binance Labs invests $3.15 million in Open Campus, EDU builds columns

Binance Labs invests $three.15 million in Open Campus, EDU builds columns

November 27, 2023

Immunefi presently dominates the bug bounty industry in the Web3 area. The organization says it has a lot more than 300 collaborative tasks, protects a lot more than $25 billion of end users, and has $135 million readily available solely for award.

Immunefi is the top DeFi bug bounty platform with the biggest bounties in the planet.

We have $135 million in rewards readily available.

We paid out a lot more than $60 million in massive bounties.

We have saved above $25 billion in consumer money.

Follow us to keep up to date on sizes and security in Web3.

— Immunefi (@immunefi) September 22, 2022

While Immunefi has invested a complete of $52 million this yr, a related organization, HackenProof, has paid out much less than $850,000 even even though it was founded in 2017.

The highest Immunefi bonus ever paid was in 2022, with $ten million for a protocol vulnerability found in the cross-chain wormhole. This bounty alone is a lot more than the complete volume of $eight.seven million Google’s bug bounty plans invested in 2021. Another massive bounty awarded by Immunefi in terms of worth $six million for a essential vulnerability found in Aurora Labs.

Immunefi states the variation in between the bug sizes of Web2 and Web3 as follows:

“Vulnerabilities in the Web3 area can effortlessly lead to direct reduction of money. As a consequence, the incentives for discovering bugs from the task in web3 are drastically better, primarily due to the volume of coins stored in intelligent contracts. So it can make sense to present a massive scale of rewards to incentivize excellent habits.

Since its founding in 2020, Immunefi has awarded a lot more than $65 million in prize dollars. The organization a short while ago merged with Chainlink, WormholeMakerDAO, Compound, Synthetix, Polygon and BeeCoin DAO Implement bug monitoring plans. In September, Immunefi raised $24 million in a Series A round led by Framework Ventures.

Synthetic currency68

Maybe you are interested:

Maybe you are interested:

Tags: AwardsBountybugImmunefimillion
Share76Tweet47

Related Posts

Circle’s Stock Soars on NYSE Debut

by shark
June 6, 2025
0

Circle's stock opened at $69 on its NYSE debut, showcasing strong investor interest and marking a significant step in the...

Trump-Musk Relationship Strained Amid Policy Disagreements

by shark
June 6, 2025
0

Former President Donald Trump and Elon Musk are experiencing a strained relationship following U.S. policy disagreements, particularly concerning electric vehicle...

Tether Invests in Shiga Digital, Expanding African Blockchain Services

by shark
June 6, 2025
0

Tether announces investment in Shiga Digital to enhance financial services in Africa, focusing on blockchain and USDT integration for cross-border...

Total Crypto Trading Volume Reaches $80 Trillion Milestone

by shark
June 6, 2025
0

Crypto trading volume hit $80 trillion, highlighting increased institutional investment and market volatility.

Hong Kong Legalizes Crypto Derivatives for Professional Investors

by shark
June 6, 2025
0

Hong Kong greenlights crypto derivatives trading for professional investors, aiming to boost its Web3 leadership.

Load More

Tags

analysis announces Bank billion Binance Bitcoin Blockchain BTC CEO Coin Coinbase Crypto cryptocurrencies Cryptocurrency DeFi ETH Ethereum Exchange Finance FTX fund game General News Information Investment Latest Launch launches market Metaverse million Network News NFT platform Price project Protocol Review SEC Solana Token trading users wallet

Recent Posts

  • Circle’s Stock Soars on NYSE Debut
  • Trump-Musk Relationship Strained Amid Policy Disagreements
  • Tether Invests in Shiga Digital, Expanding African Blockchain Services
  • Total Crypto Trading Volume Reaches $80 Trillion Milestone
  • Hong Kong Legalizes Crypto Derivatives for Professional Investors
  • Record $1.19 Billion Crypto Options Trade Executed
  • Qubetics Gains Traction as HYPE and Tron Respond to Market Shifts: The Next Best Crypto to Buy in 2025
  • ECB Cuts Interest Rates; Bitcoin Prices Surge
  • About
  • FAQ
  • Contact Us
  • IGO
  • Altcoin
  • Terra
  • Launchpad
  • P2E
  • META
  • AXS
Email us: [email protected]

© 2021 CoinLive - Crypto News 24/7

No Result
View All Result
  • Home
  • Crypto News
  • Market Analysis
  • Learn

© 2021 CoinLive - Crypto News 24/7