Immunefi has given more than $65 million to white hat hackers in 2022 Smart contract bugs accounted for a majority of payouts Since its establishment in 2020, Immunefi, a prominent site for bug bounties in the cryptocurrency sector, distributed $65 million to white hat hackers. These “ethical hackers” look for weaknesses in blockchain and smart […]
Smart contract bugs accounted for a majority of payouts
More bounties have been awarded to some projects than others. In 2021, bounty programs from Aurora, Wormhole, Optimism, Polygon, and an unknown company offered $30.2 million in payouts. The average payout stood to be $52,800 and a median payout of $2,000 per program. Due to the substantial sums of money stored in smart contracts, Web3 bug bounties are typically higher than those for Web2. The site explained,
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