News

Following The $600M Ronin Hack, Axie Infinity Announces A Bug Bounty Program.

Following the heist of nearly $600 million from its Ronin network, Sky Mavis, the studio of the famous Axie Infinity game, has launched a bug bounty to uncover security bugs in its ecosystem.

Following The $600M Ronin Hack, Axie Infinity Announces A Bug Bounty Program.

The Axie Infinity bug bounty, which was announced on Tuesday, is divided into two categories: smart contracts and web-related vulnerabilities. Depending on the severity, rewards for vulnerabilities in the ecosystem’s blockchain and smart contract infrastructure will vary from $1,000 to $1,000,000.

Re-entrancy, oracle manipulation, and signature malleability are among the priority smart contract vulnerabilities highlighted by Sky Mavis. Authentication issues, flash loan attacks, and susceptibility to front running are among the other bugs the team wants white hat hackers to look into.

Rewards for bugs in the online or app interface will range from $50 to $15,000, depending on the severity. Extra bonuses may be given for extraordinary bug reporting, according to the Sky Mavis team.

Following The $600M Ronin Hack, Axie Infinity Announces A Bug Bounty Program.

Bug bounties will be paid in AXS tokens by the blockchain gaming studio. Vesting will be required with a six-month term for fatal bounties with a $1 million reward. This means that receivers will only be allowed to withdraw a certain amount of money each month.

Sky Mavis’ announcement of a bug bounty is the latest measure taken in the aftermath of the Ronin breach. An hacker was able to steal $600 million from the Ronin bridge in March.

Other steps taken since the assault include replacing the validators that were hacked. As part of the reparation for users affected by the event, Sky Mavis has raised $150 million.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Patrick

CoinCu News

Victor

Recent Posts

Qubetics Presale Price Surge Approaches: The Best Coins to Invest in Right Now While Toncoin, and XRP Gain Traction

Discover why Qubetics, Toncoin, and XRP are the best coins to invest in right now.…

8 minutes ago

Book of Meme Old News? This Best Meme Coin to Invest in 2024 Is Multiplying Gains Like a Champ

Over the years, meme coins have evolved from inside jokes into serious investment opportunities.

1 hour ago

Time’s Ticking on BlockDAG’s 5-Tier Bonus- Few Days Left to Grab It While Cardano Whales Take Action, Aave Rallies Strong

Discover BlockDAG's five-tier bonus program's closing phases that enhance buyer holdings. Gain insights on the…

2 hours ago

Best Altcoins to Buy for 2025: Qubetics Presale Surge, Solana’s Lightning Speed, and Cardano’s Blockchain Revolution

Discover why Qubetics, Solana, and Cardano are redefining the crypto landscape. Learn about milestones, price…

2 hours ago

Why Qubetics, NEAR Protocol, and IMX Are Dominating Crypto: The Best Altcoins to Join Today for Game-Changing Returns 

Discover why Qubetics, NEAR Protocol, and Immutable X are the best altcoins to join today,…

4 hours ago

Bonk’s ICO Was Just the Start: Why BTFD Coin’s Stage 7 Price Rollback Is Your Second Shot at Crypto Glory

BTFD Coin is offering a chance to relive the glory days of meme coin investing,…

5 hours ago

This website uses cookies.