Uniswap v4 launches the largest bug bounty in history – A new era of millionaire bug bounty hunters
The post Uniswap v4 launches the largest bug bounty in history – A new era of millionaire bug bounty hunters appeared on BitcoinEthereumNews.com.
Uniswap has announced the largest offer to non-malicious hackers who discover vulnerabilities in its latest protocol. In their x post, they stated, “We’re rewarding up to $15.5M to anyone that finds a critical vulnerability in v4 core contracts.” Uniswap, one of the biggest decentralized exchanges, promises to pay $15.5 million to anyone who can discover flaws in the most recent version of its namesake system. The scale of the reward—which the business claims to be the largest-ever so-called “bug bounty”—is meant to guarantee the most secure newest generation of the protocol, known as Uniswap v4. The aim of bug bounty programs, which are frequently implemented in the tech sector, is to motivate nonmalicious hackers, also referred to as “white hats,” to identify vulnerabilities in computer code before the malicious ones do. Uniswap’s bug bounty program According to official reports, the program only fixes bugs in the Uniswap v4 core contracts. It doesn’t cover “third party contracts that were not deployed by Uniswap Labs, issues already listed in the audits for the contracts in the v4 repository, bugs in third party contracts or applications that use contracts deployed by Uniswap Labs, or issues that were known internally.” However, not all effective hackers will receive $15.5 million. Based on a risk assessment, each bug is classified into a tier, which determines the payouts. The reward for the discovery of a “critical” flaw is $15.5 million, while a “high”-risk bug is awarded $1 million and a “medium”-risk bug is awarded $100,000. According to the report, there is a condition that Bugs should be reported within 24 hours of discovery. They should also be confidential until the issue is resolved in order to qualify for the reward. Uniswap v4 and related security developments Launched in 2021, Uniswap v4 improves on v3 and aims to…
Filed under: News - @ November 26, 2024 8:24 pm