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Mixin Network offers $20M bug bounty to hackers in $200M hack

Mixin Network, a decentralized cross-chain protocol, in a message to the hacker behind the $200 million exploit on Sept. 23, has offered a $20-million bug bounty for the return of the remaining funds.Mixin Network encrypted the message with the exploiter transaction, requesting the exploiter to return the funds as the majority

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Immunefi launches on-chain bug bounties through ‘Vaults’ system

Blockchain security platform Immunefi has launched an on-chain system for bug bounties, according to a Sept. 26 announcement. The new system, called “Vaults,” allows Web3 developers to escrow funds in an on-chain address and use them to pay out bug bounties to white hat hackers.Immunefi believes the new system will

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WinRAR patches zero-day bug that targeted stock and crypto traders

The developers behind file compression software WinRAR have patched a zero-day vulnerability that allowed hackers to install malware onto unsuspecting victims' computers, enabling them to hack into their crypto and stock trading accounts.On Aug. 23, Singapore-based cybersecurity firm Group-IB reported a zero-day vulnerability in the processing of the ZIP file

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Bug bounties can help secure blockchain networks, but have mixed results

Bug bounties are programs organizations offer to incentivize security researchers or ethical or white hat hackers to find and report vulnerabilities in their software, websites or systems. Bug bounties aim to improve overall security by identifying and fixing potential weaknesses before malicious actors can exploit them.Organizations that implement bug bounty

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