Atomic Wallet Announces Bug Bounty Program

December 20, 2023 1:08 pm Comments

Atomic Wallet, a cold storage wallet solution, has announced a $1 million bug bounty program.

The announcement follows a high-profile $100 million hack earlier this year that left many customers drained of their funds and left holding the bag. Not much is known about the source of the hackers, but it is believed that they are part of the North Koran Lazarus Group.

Details of the bounty include a top prize of $100,000 for discovering a vulnerability that could potentially drain a wallet independent of physical means—through using an online connection.

Hopefully, this fixes security for the purported cold storage wallet, and the vulnerabilities that led to the $100 million hack are addressed. Here are more details on the Atomic bug bounty program:

Coin Telegraph provided this statement from Atomic Wallet founder Konstantin Gladych regarding the program:

“Recent events in the blockchain industry have once again reminded us that cybersecurity is a dynamic field, and the best way to stay ahead is by harnessing the creativity and expertise of the global community.

We are confident and eager to see how this program will contribute to our mission of providing a secure and seamless user experience.”

Here’s what other sources and members of the crypto community had to say about the newly announced $1 million bug bounty program from the Atomic Wallet project.

Cryptopolitan added:

Furthermore, Atomic Wallet places a strong emphasis on responsible testing within its Bug Bounty Program. Participants are strictly prohibited from employing any form of social engineering, disruptive, or harmful methods during their testing.

The restriction is crucial in maintaining the integrity of the program and ensuring that the testing process does not negatively impact the wallet’s functionality or user experience.

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