Aurora Pays Out $6M Bug Bounty to White Hat Hacker

The benefit is the 2nd biggest in crypto history, according to Immunefi.

Key Takeaways

  • Aurora has actually paid a $6 million bug bounty to a white hat hacker who alerted it of a possible $330 million make use of.
  • ImmuneFi, which collaborated the bounty and payment, states that the quantity is the 2nd biggest benefit in crypto history.
  • The Aurora payment is exceeded just by a $10 million bug bounty from Wormwhole, which was paid in May.

Aurora, a blockchain bridge job, has actually paid the second-largest benefit in crypto history after being notified of a vulnerability.

$330 Million In Losses Averted

A white hat hacker by the name of Pwning.eth found and alerted Aurora of a make use of in the job’s Aurora Engine.

The Aurora Engine is an Ethereum Virtual Machine (EVM) constructed on the NEAR Protocol. It permits designers to establish and provide apps for both platforms– NEAR and Ethereum– simultaneously.

Immunefi stated in an statement that the bug worried a boundless costs vulnerability that “might have been made use of to mint approximate ETH in the Aurora EVM at a rapid speed.”

Immunefi approximates that Aurora might have lost as much as 70,000 ETH ($130 million) plus $200 million in other properties through the make use of. No funds were lost, however, as the task rapidly covered the bug.

Frank Braun, Head of Security at Aurora Labs, specified that “such a vulnerability must have been found at an earlier phase of [our] defense pipeline.” He included that Immunefi’s bug bounty program has actually been “important in incentivizing white hats to look at our code base and divulge bugs in an accountable way.”

Pwning.eth was granted a $6 million bug bounty after signaling the task of the problem through Immunefi on April 26.

Bug Bounty Breaks Records

According to Immunefi, the $6 million benefit paid by Aurora is the second-largest bounty ever provided in crypto history.

Only one other bounty had a greater benefit: a $10 million benefit for the Solana bridge Wormhole that was paid in May

Immunefi is likewise providing a $10 million benefit for the stablecoin task MakerDAO that has actually not yet been paid, which might surpass today’s payment and make it the third-largest in history.

To date, Immunefi has actually paid more than $40 million in bounties and avoided north of $20 billion in hack damage.

DeFi and blockchain exploits can be disastrous for procedures. Recently, digital artificial properties developer Mirror Protocol suffered a $2 million hack that practically ruined the task completely. It formerly lost $90 million to a various vulnerability.

Disclosure: At the time of composing, the author of this piece owned ETH and a number of other cryptocurrencies.

The info on or accessed through this site is gotten from independent sources our company believe to be precise and dependable, however Decentral Media, Inc. makes no representation or service warranty regarding the timeliness, efficiency, or precision of any details on or accessed through this site. Decentral Media, Inc. is not a financial investment consultant. We do not offer individualized financial investment guidance or other monetary guidance. The info on this site undergoes alter without notification. Some or all of the details on this site might end up being out-of-date, or it might be or end up being insufficient or incorrect. We may, however are not obliged to, upgrade any out-of-date, insufficient, or unreliable info.

You ought to never ever make a financial investment choice on an ICO, IEO, or other financial investment based upon the info on this site, and you need to never ever translate or otherwise depend on any of the info on this site as financial investment recommendations. We highly suggest that you seek advice from a certified financial investment consultant or other certified monetary expert if you are looking for financial investment recommendations on an ICO, IEO, or other financial investment. We do decline payment in any type for evaluating or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or products.

See complete terms

Binance Announces $10 M BSC Bug Bounty Program

Binance Smart Chain has actually revealed a $10 million bug bounty program, intending to increase the security of decentralized applications in the blockchain’s community. Binance Smart Chain Focuses on Security Binance …

Binance Announces $10M BSC Bug Bounty Program

Polygon Swerves $850 M Hack on Ethereum Bridge

Polygon has actually covered a vital vulnerability that impacted its Plasma Bridge. Polygon Pays $2 Million Bounty Ethereum sidechain Polygon has actually covered an important bug on its Plasma Bridge agreement. A.

Polygon Swerves $850M Hack on Ethereum Bridge

Polygon Whitehat Rewarded $75,000 for Saving Billions in User Funds

The bug bounty platform Immunefi has actually exposed that Polygon just recently covered a “high intensity” vulnerability in the network’s Proof-of-Stake system that put billions of dollars at threat. Polygon Dodges Critical …

Polygon Whitehat Rewarded $75,000 for Saving Billions in User Funds

Read More

What do you think?

Written by admin

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

DOJ Calls for International Cooperation to combat Crypto Crime

DOJ Calls for International Cooperation to combat Crypto Crime

PayPal Adds Cryptocurrency Withdrawals and Deposits

PayPal Adds Cryptocurrency Withdrawals and Deposits