Ethereum Attackathon Audit Contest Launched With $500,000 Funding

Key Points:

• Immunefi and Ethereum Foundation partner for “Attackathon,” a pioneering audit contest to enhance Ethereum’s security through a time-bound code review.
• The Ethereum Attackathon audit contest aims to conduct the largest-ever crowdsourced security audit for the network.
• With a $500,000 initial contribution from the Ethereum Foundation, the contest invites ecosystem contributions to a reward pool.

Web3 bug bounty platform Immunefi has partnered with the Ethereum Foundation to launch “Attackathon,” a large-scale collaborative audit contest aimed at securing the Ethereum network.

Ethereum Attackathon Audit Contest Launched

The Ethereum Attackathon audit contest will leverage Immunefi’s elite security researcher community, who will compete in a time-boxed audit for rewards, recognition, and prestige.

The event marks the first collaborative effort of its kind, aspiring to be the largest-ever crowdsourced security audit for Ethereum’s entire protocol code. The Ethereum Attackathon audit contest features a time-bound code review program where top security researchers will identify vulnerabilities in the core protocol. Additionally, the event includes a comprehensive education program to upskill the security researcher community with Ethereum-related knowledge.

Ethereum, an open-source blockchain platform, enables developers to build and deploy smart contracts and decentralized applications (dApps). Since its launch in 2015, Ethereum has provided a secure and transparent environment for various applications beyond cryptocurrency, fostering innovation in finance, gaming, and supply chain management.

$500,000 Reward Pool to Attract Top Security Researchers and Sponsors

The Ethereum Foundation has contributed $500,000 to seed the Attackathon’s reward pool, encouraging developers and ecosystem projects to participate. The reward pool will compensate researchers and developers for identifying security issues and bugs. Sponsors who contribute to the pool will receive NFTs and recognition on the Sponsorship Leaderboard.

Funds will be deposited into the Attackathon vault on Immunefi, which transparently displays the allocation of program funds and streamlines payments between projects and security researchers. The sponsorship program will close, and the final reward pool will be locked by August 1, 2024.