Sonic Labs and Immunefi launch a $2M bug bounty to secure Sonic's Gateway bridge.
Sonic's $2M bug bounty follows its mainnet launch and Binance-backed token migration.
Immunefi's $2M bug bounty program targets vulnerabilities in Sonic's L1 blockchain.
Sonic, the Ethereum Virtual Machine (EVM)-based layer-1 blockchain from Sonic Labs, has collaborated with bug bounty platform Immunefi to launch a $2m bounty program. Sonic Labs announced this partnership on 30 December 2024 to enhance the security protocol of Sonic’s newly launched mainnet and Gateway bridge.
The Gateway bridge is instrumental in bridging Sonic with Ethereum, wherein Sonic users can effortlessly swap and transfer EVM assets like USDC and Wrapped Ether. Sonic Labs underlined the necessity of protecting this bridge to guarantee the integrity and reliability of cross-chain interactions.
https://twitter.com/SonicLabs/status/1873734058209124614
Immunefi, which has already run bug bounty programs on the Ethereum and Stacks platforms, will offer up to $2m in bounties to whitehat hackers and security personnel. The participants will take active steps to contribute their findings to a possible weakness that may hinder the solidity of this blockchain.
Extending Security Perimeters with Stakeholders
Nonetheless, Sonic Labs has strategically ensured enhanced security within its blockchain environment. Alongside Immunefi, reputed audit firms like Open Zeppelin, Quantstamp, and Certora have been engaged to review the Gateway bridge. These audits aim to mitigate security issues, ensuring a safe environment for developers and users.
The bug bounty program is the latest offering in Sonic’s multi-layered security strategy. Sonic's partnership with Immunefi shows its eagerness to build credibility within the blockchain ecosystem. Further information regarding the program, its implementation conditions, and its participation rules will be published in early 2025.
This comes shortly after Sonic’s mainnet launch, accompanied by endorsement by exchanges such as Binance for the hold to switch from FTM to Sonic tokens easily. The improvements are expected to create a better security environment and help Sonic establish itself as a layer-1 EVM chain.
Immunefi’s Position in the Defense of Blockchain Networks
Immunefi, a leader in blockchain security, has paid over $110m to whitehat hackers through bug bounties. Sonic thus joins several blockchain projects working with Immunefi to protect their networks.
Recent events, including the Ethereum protocol Attackatham, also prove Immunefi’s capability to address critical issues. The platform still fosters progressive endeavors like Sonic in fashioning reliable blockchain solutions.
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