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  4. Immunefi says it has facilitated $66M in bug bounty payouts to whitehats since inception
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Immunefi says it has facilitated $66M in bug bounty payouts to whitehats since inception

According to a new report released on Dec. 21, blockchain security firm Immunefi said that it has processed more than $65,918,994 crypto bounties paid to ethical hackers over 1,248...
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Immunefi says it has facilitated $66M in bug bounty payouts to whitehats since inception

According to a new report released on Dec. 21, blockchain security firm Immunefi said that it has processed more than $65,918,994 crypto bounties paid to ethical hackers over 1,248 reports since its inception on Dec. 9, 2020. Web 3.0 projects list bounty programs on ImmuneFi to encourage whitehat hackers to report vulnerabilities and claim monetary rewards, which the company then facilitates.

The payouts appear to be concentrated in nature, with bounty programs operated by Wormhole, Aurora, Polygon, Optimism, and an undisclosed firm accounting for $30.2 million worth of rewards in the past year. The median payout was $2,000, and the average payout was $52,800. A small number of critical vulnerability bug reports received the highest rewards.

The Wormhole vulnerability discovery resulted in a $10 million bug bounty payout | Source: Immunefi

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01-05-2024 10:45:17 (UTC+7)

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4,920.55

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