Immunefi’s largest bug bounty to date aims to help MakerDAO pinpoint potential vulnerabilities in its smart contracts and apps to prevent monetary losses.
MakerDAO has announced that it will begin offering a maximum of $10 million bounty to white hat hackers and cybersecurity specialists who point out legitimate security threats in its smart contracts.Maker’s (MAKER) plan to front-run attacks on its smart contracts is the largest ever on the bug bounty platform Immunefi. In fact if someone claimed the lot, it would equal the total amount of $10 million that Immunefi has paid out to date from active and inactive events. Its website claims the bugs found have averted up to $20 billion in damages from hacks.Whitehat hackers stand to gain payouts ranging from $1,000 for low-level vulnerabilities thought to a maximum of $10 million for critical issues found in Maker’s smart contracts and apps. The payouts will be made in DA
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