Cardano founder launches $1 million challenge to ADA community:

Details In a recent X post, Cardano founder Charles Hoskinson has addressed the ADA community, challenging its members with hacking a Lace Paper Wallet, a new security feature of Cardano Web3 wallet Lace. Hoskinson announced at the recent Rare Evo 2024 that a $1 million USDM bounty is waiting for anyone who could hack and gain control of Lace Paper Wallet. "If you can hack it; You can keep it! 1 million dollars!" reads the Cardano founder's X post. As stated on Lace's website, thanks to the Paper Wallet feature, users with existing PGP keys can now back up their wallet with a single encrypted QR code. The Lace Paper Wallet Bug Bounty Program will stay open until the end of 2024 — or until someone hacks it.

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