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.
The decentralized wallet firm plans to offer a million-dollar payout pool to those that identify bugs on its platform as it battles a class action lawsuit over $100 million lost in a data breach earlier this year. https://t.co/z78F8wN3pS
— Laura Shin (@laurashin) December 20, 2023
JUST IN: Atomic Wallet launches $1M bug bounty amid hacking lawsuit
The developer is calling ethical hackers and security professionals worldwide to review its open-source code to find and disclose software vulnerabilities and security flaws.
— Xyz (@unkonwncyber) December 19, 2023
Atomic Wallet launches $1M bug bounty amid hacking lawsuit
The bug bounty will pay out $5,000 for the discovery of a high-risk vulnerability and $10,000 for a critical-risk one.
— Minerium (@MineriumUS) December 20, 2023
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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