According to Odaily, Immunefi, a Web3 vulnerability bounty platform, has announced that its ethical hacker bounty payouts have surpassed $100 million. This significant milestone was achieved approximately three years after Immunefi's launch in December 2020. The substantial payout is the result of over 3,000 paid vulnerability bounty reports.
Immunefi's success in reaching this milestone demonstrates the effectiveness of its approach in identifying and addressing Web3 vulnerabilities. The platform's ethical hacker bounty program incentivizes individuals to identify and report potential security issues, contributing to the overall safety and integrity of the Web3 ecosystem.
This news underscores the growing importance of cybersecurity in the digital age, particularly in the context of Web3 technologies. As these technologies continue to evolve and become more prevalent, platforms like Immunefi play a crucial role in ensuring their security and reliability.