Uniswap Offers $15.5 Million Bug Bounty to Boost Security
Uniswap Labs has simply launched the most important bug bounty in crypto historical past, providing as much as $15.5 million to anybody who spots vital flaws in its v4 core contracts.
In line with particulars shared on X, The bounty program is split into totally different reward ranges relying on the severity of the bug. The most important reward, as much as $15.5 million, is for locating vital points. Bugs that pose a excessive danger can earn as much as $1 million, whereas medium-risk vulnerabilities might be rewarded with $100,000.
To take part, researchers should report any points inside 24 hours and maintain the small print personal till the issue is mounted. Proper now, the bounty solely covers the core Uniswap v4 contracts, although Uniswap plans so as to add peripheral and third-party contracts sooner or later.
This bounty program follows a collection of safety measures, together with 9 unbiased audits and a $2.35 million safety competitors. Regardless of these efforts, the corporate is continuous to spend money on defending the platform, which processes billions of {dollars} every day. As DeFi-related hacks stay a priority, Uniswap’s proactive strategy to safety units a powerful instance for the trade.
The timing can also be vital, in response to theblock’s information, attackers have stolen over $3.6 billion from DeFi tasks since 2020. In 2022, Uniswap blocked over 250 crypto wallets that had been linked to stolen funds or crypto mixer like Twister Cah which was sanctioned this yr by the U.S Treasury.
In line with Uniswap, “this system consists of vulnerabilities and bugs in any deployed Uniswap contract and the primary department of the required undeployed v4-core contracts. Nonetheless when you discover a bug in a Uniswap good contract exterior of those repositories, the place consumer funds are in danger, the staff will think about the difficulty to be in-scope for our bounty as an Different Uniswap Contract Code.”
In the meantime, Immunefi has paid over $100 million to researchers who assist discover bugs in its system this yr.
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