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LayerZero Labs Announces Launch of $15 Million Crypto 'Bug Bounty' Program in Partnership With Immunefi
Thursday, May 18, 2023Company Profile | Follow Company
Vancouver, BC, May 17, 2023--(T-Net)--LayerZero Labs announced today the launch of their new $15 million crypto bug bounty program, the largest bug bounty in the world, in collaboration with Immunefi.
The alliance will offer a maximum reward of $15 million for each new vulnerability found by white hat hackers.
The $15 million maximum reward also makes this the largest bug bounty program in the crypto ecosystem, according to original reporting by TechCrunch.
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About LayerZero Labs
LayerZero Labs is the team behind the leading blockchain messaging protocol LayerZero. LayerZero's advanced messaging infrastructure seamlessly connects over 30 blockchains and facilitates transparent and secure cross-chain messaging from one easy-to-use interface. Developers building on LayerZero can create interoperable, omnichain dApps, which will lead to the establishment of a unified digital asset ecosystem.
About Immunefi
Immunefi is Web3's leading bug bounty platform, protecting over $70 billion in user funds; it is home to the world's most lucrative bug bounties, and is making strides towards its mission of making crypto a safer space.
In the first year of operation alone, over $20 billion worth of crypto assets were prevented from being stolen by malicious hackers via the Immunefi platform.
Trusted by companies like ChainLink, SushiSwap, MakerDAO, Wormhole, and many others, Immunefi works with DeFi's leading security talent to protect projects against catastrophic exploits, making White Hat hackers extremely rich along the way.
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