Sonic Labs and Immunefi announce bug bounty program

user avatar

by Giorgi Kostiuk

2 years ago

Sonic Labs has announced a partnership with Immunefi to launch a $2 million bug bounty program. This initiative follows the recent launch of the Sonic mainnet.

Sonic Labs and Immunefi Collaboration

Sonic Labs is partnering with the Immunefi platform to offer a bug bounty program amounting to $2 million. This collaboration aims to enhance the security of the Sonic blockchain running on the Ethereum Virtual Machine. Several exchanges, including Binance, support the token migration from Fantom to Sonic.

Security of the Sonic Protocol

The bug bounty program will enhance the security of the L1 Sonic protocol and the Gateway bridge connecting this blockchain to Ethereum. Sonic is working with leading audit firms, including Open Zeppelin, Quantstamp, and Certora, ensuring the bridge's security.

Support and Prospects of the Program

The Immunefi platform, which has successfully paid out over $110 million to white-hat hackers, offers bug hunting opportunities for Ethereum and other blockchains. As part of the collaboration, up to $1.5 million in rewards may be available for participants of Ethereum-based Attackathons.

Sonic Labs' collaboration with Immunefi highlights a commitment to improving network security and interoperability with other blockchains. Such initiatives emphasize the importance of protection for stable platform operation.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Bitcoin ETF Outflows Show Contrasting Trends as October Ends

US spot Bitcoin funds faced significant withdrawals at the end of October, with BlackRock's fund attracting nearly $1 billion in net inflows, highlighting contrasting trends in investor demand.

user avatarKaterina Papadopoulou

Theft of iPhone Leads to Significant Financial Loss for Cryptocurrency Executive

Theft of iPhone leads to significant financial loss for cryptocurrency executive Magnus Ahmad, who lost approximately $14,000 after his unlocked device was stolen, resulting in unauthorized access to his financial accounts.

user avatarMaya Lundqvist

Shopify and Coinbase Introduce New Payment Protocol for Merchants

Shopify and Coinbase have launched a Commerce Payments Protocol enabling eligible merchants to accept USDC through Shopify Payments.

user avatarLeo van der Veen

Shopify's Commerce Payments Protocol Sees Over 42 Million Payments

Shopify's Commerce Payments Protocol has recorded over 42 million net settled payments and 448,000 tracked payments as of October 2, highlighting its significant activity and potential.

user avatarLi Weicheng

Chainalysis Investigates Security Breach

Chainalysis is investigating a security breach and has engaged external cybersecurity specialists to enhance its defenses.

user avatarAisha Farooq

Bitcoin's Relevance Grows as Small Businesses Face Economic Challenges

Bitcoin's relevance grows as small businesses face economic challenges due to rising costs and inflation.

user avatarTenzin Dorje

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.