As WazirX exchange users await their funds, a new venture by its co-founder Nischal Shetty, Shardeum, announces a Rs 2 crore bug bounty program, raising eyebrows among the community.
Announcement and Response
Shardeum, a startup founded by Nischal Shetty, announced a bug bounty program, attracting criticism from WazirX users facing a funds crisis. The timing was questioned by the affected community.
Program Details
Shardeum’s bug bounty program, hosted with Immunefi, offers a $250,000 reward pool. It is divided into 'Core Boost' and 'Ancillaries Boost', focusing on protocol and infrastructure security enhancements.
Evaluation and Conclusions
Despite the benefits, some community members expressed concern over fund allocation amid the recent WazirX breach. Users suggest addressing WazirX's issues should be the priority.
While Shardeum's program could enhance security, questions remain regarding resource allocation priorities amid WazirX challenges.