Sonic Labs and Immunefi to offer $2m bug bounty program

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As a seasoned analyst with years of experience in the blockchain industry, I find Sonic Labs’ collaboration with Immunefi a strategic move that underscores their commitment to network security and integrity. With my past encounters with numerous projects that overlooked this critical aspect, I am relieved to see Sonic taking such proactive steps.

The $2 million bug bounty program, coupled with their previous partnerships with top audit firms like Open Zeppelin, Quantstamp, and Certora, speaks volumes about their dedication to ensuring the safety of their Gateway bridge and L1 protocol, Sonic. This approach is a breath of fresh air in an environment where security often takes a backseat to other aspects of project development.

Moreover, the fact that they are partnering with Immunefi, a platform that has already paid out over $110 million to whitehats, instills confidence in their ability to attract top talent and identify potential vulnerabilities before they can be exploited.

In a joking manner, I would say: “It’s always amusing how some projects learn the hard way about the importance of security. Kudos to Sonic Labs for taking the right steps from the get-go!” This serves as a reminder that while humor is essential in our line of work, the seriousness of network security should never be underestimated.

The group responsible for developing Sonic, a layer-1 blockchain on the Ethereum network, called Sonic Labs, has teamed up with Immunefi, a well-known platform for identifying software bugs, to initiate a $2 million reward program aimed at uncovering and fixing bugs in their system.

As a researcher, I’m excited to share that in my role, I recently announced a partnership with Immunefi, which will see us launch a generous $2 million bug bounty program. This collaboration follows close on the heels of our mainnet launch and is backed by several prominent exchanges such as Binance, who are supporting the 1:1 migration from Fantom (FTM) to Sonic (S).

As per Sonic Labs, the bug bounty program is crucial for ensuring the security of both the Sonic L1 protocol and the Gateway bridge. This Gateway serves as a connection between the latest layer-1 blockchain and Ethereum (ETH), enabling users to shift EVM assets like USDC and Wrapped Ether onto the Ethereum network.

According to Sonic, working together with Immunefi and other industry partners is crucial for maintaining the security and reliability of our network.

Earlier this month, the Sonic Labs team revealed Sonic’s mainnet launch.

Upon its debut, the project announced that it was partnering with leading audit firms such as Open Zeppelin, Quantstamp, and Certora, with the aim of ensuring the security of its Gateway bridge. The Immunefi collaboration, offering up to $2 million in rewards for security experts who uncover potential weaknesses, is an example of these safety measures.

According to a recent post on X, we can expect the platform to disclose additional information regarding this collaboration and its bug bounty programs in the coming year.

On top of its well-known bug bounty platform that has distributed more than $110 million to ethical hackers, Immunefi now extends its opportunities to hunting activities for Ethereum, Stacks, and Lombard networks as well.

85 million dollars are at stake in the bug bounty hunt, with 1.5 million available following the collaboration between Immunefi and Ethereum Foundation during the Ethereum protocol Attackathon. Notably, Stacks serves as a smart contract layer on Bitcoin, while Lombard is a prominent Bitcoin staking platform for liquidity.

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2024-12-30 19:34