LayerZero partners with Immunefi to launch $15M bug bounty

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LayerZero partners with Immunefi to launch $15M bug bounty
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Critical smart contract vulnerabilities reported on Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism and Fantom will pay a minimum of $250,000.

Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up toThe program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity level. According to its terms and conditions, rewards areon the Immunefi Vulnerability Severity Classification System and paid according to vulnerability impact.

LayerZero is an omnichain interoperability protocol that allows developers to interact with contracts across blockchains. In bug bounty programs, ethical hackers are rewarded for finding and reporting application vulnerabilities and bugs. To be considered for a reward, bug reports must include a proof-of-concept demonstrating an end effect on assets in scope. Explanations and statements are not accepted as PoC and code is required, according to the eligibility criteria.

Critical smart contract vulnerabilities reported on Ethereum, BNB Chain, Avalanche, Polygon, Arbitrum, Optimism and Fantom pay the higher of $250,000 or 10% of the assets’ value at risk at the time of reporting. The payout for critical vulnerabilities starts at $25,000 for all other chains. Non-critical rewards are based on internal criteria.

Other software companies offering thousands of dollars in bug bounties include Microsoft, Intel and OpenAI. Microsoft

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