Cardano Foundation Doubles Reward Offered to Hackers for Uncovering Bugs on Its Blockchain – Security Bitcoin News

The Cardano Foundation recently said it has doubled the payout offered to hackers and bounty hunters that identify bugs or vulnerabilities within the Cardano blockchain. The foundation said the six-week promotion, which runs until March 25, 2022, is part of an ongoing attempt to keep “its businesses and customers safe.”

Strengthening the Cardano Brand

The Cardano Foundation recently announced the start of a promotion that will see it double the value of the reward given to bounty hunters that discover vulnerabilities within the Cardano ecosystem. Starting from February 14, hackers and bounty hunters that identify critical vulnerabilities in the Cardano Node will be paid a maximum of $20,000.

The lowest amount that will be paid to hackers that discover the least critical bug or vulnerability in the node is $800. On the other hand, for bounty hunters that uncover critical vulnerabilities in the Cardano Wallet, a maximum payout of $15,000 is offered, while hackers that find less critical vulnerabilities will be given a minimum reward of $600.

In a statement explaining its decision to start the six-week promotion, The Cardano Foundation suggested that finding vulnerabilities is what can “keep our businesses and customers safe.” The foundation also said:

From this program, we aim to strengthen the Cardano brand through this public bug bounty program, covering essential items to access and manage crypto assets that are issued on the Cardano blockchain.

Scope of Reward Program

Meanwhile, the statement clarifies that “the scope of the bug bounty program will not include any UI or general functionality bugs.” It will, however, include bugs or vulnerabilities that lead to the leakage of sensitive information, the foundation said. Bugs that cause the service to crash, as well as attacks that compromise or harm the quality of the blockchain, are also included in the reward program.

In addition, the foundation asked hackers that uncover areas that may be seen as “an exploitable vulnerability” to reach out so arrangements can be made to discuss these “on a case-by-case basis.”

What are your views concerning the Cardano Foundation’s decision to double the bounty rewards? Tell us what you think in the comments section below.

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