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

HashKey RWA Introduces First Product in hToken Series

HashKey RWA has launched its first product in the hToken series, aimed at standardizing the issuance of tokenized securities for traditional financial institutions.

user avatarSatoshi Nakamura

Coinbase Announces Discontinuation of GYEN Stablecoin Support

Coinbase has announced the discontinuation of support for the yen-linked GYEN stablecoin as its issuer, GMOZcom Trust Company, retires the product.

user avatarJesper Sørensen

Hong Kong Approves Secondary Trading for Tokenized Money Market Funds

Hong Kong Securities and Futures Commission approves secondary trading for two tokenized money market funds, enhancing trading opportunities and liquidity.

user avatarRajesh Kumar

Bitmine Immersion Technologies Reports Significant Ethereum Holdings

Bitmine Immersion Technologies has filed an update with the SEC revealing significant Ethereum holdings of approximately 605 million ETH and total investments around $15 billion.

user avatarLucas Weissmann

Stellar's Bell Upgrade Introduces Key Infrastructure Enhancements

Stellar's Bell upgrade introduces significant infrastructure improvements, including muxed contract addresses and support for post-quantum signature verification.

user avatarMaya Lundqvist

Strive Acquires 6,182 Bitcoin Amid Market Volatility

Strive disclosed the purchase of 6,182 bitcoin between October 17 and October 23, 2023, raising its total holdings to 43,000 BTC amid market volatility.

user avatarFilippo Romano

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.