Discover more from Cronos Newsletter
USD 1,337,133.7 Bug Bounty to Improve On-chain Security for the Cronos Ecosystem
We are excited to announce a Cronos bug bounty program, with a maximum bounty of up to USD 1,337,133.7 sponsored by Blockchain accelerator…
We are excited to announce a Cronos bug bounty program, with a maximum bounty of up to USD 1,337,133.7 sponsored by Blockchain accelerator Particle B, to enhance on-chain security of the Cronos ecosystem. The security campaign will begin soon, in partnership with Immunefi, focusing on discovering potential technical vulnerabilities and strengthening smart contract security.
The Cronos core team puts security as its top priority and has dedicated resources to ensure high incentives to attract the community-at-large to evaluate and safeguard the ecosystem. Whilst building Cronos, the team has engaged with industry leading cybersecurity audit firms specializing in Blockchain Security to help secure the codebase of Ethermint. We encourage smart contract developers, whitehat hackers to participate, evaluate the code base and hunt for bugs especially on issues that could potentially put users’ funds at risk. In exchange, the bug bounty program will reward up to USD 1,337,133.7 based on the vulnerability severity level.
This bug bounty program is focused on Cronos (blockchain), smart contracts and decentralised applications with the emphasis on any vulnerabilities causing unintentional withdrawal/draining of funds/loss of user funds. The program also extends to key projects in the Cronos ecosystem, including VVS Finance as the first project with more DeFi projects to come.
Cronos is the Ethereum Virtual Machine (EVM) chain running in parallel to the Crypto.org Chain. It aims to massively scale the DeFi and decentralised application (DApp) ecosystem, by providing developers with the ability to instantly port apps from Ethereum and EVM-compatible chains. With low cost, high throughput, fast finality, and built-in interoperability, Cronos is poised to bring decentralized applications to the 10M+ user base of the Crypto.com ecosystem and beyond.