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Immunefi launches on-chain bug bounties through ‘Vaults’ system

Published 09/26/2023, 10:00 AM
Updated 09/26/2023, 11:40 AM
© Reuters.

Blockchain security platform Immunefi has launched an on-chain system for bug bounties, according to a Sept. 26 announcement. The new system, called “Vaults,” allows Web3 developers to escrow funds in an on-chain address and use them to pay out bug bounties to white hat hackers.

Immunefi believes the new system will help projects “demonstrate to whitehats [...] that they have allocated sufficient funds to pay bounties,” which it hopes will result in “more top-tier bug reports” being submitted.

List of Immunefi bug bounties. Source: Immunefi

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