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A new report from blockchain security platform Immunefi suggests that nearly half of all crypto lost from Web3 exploits is due to Web2 security issues such as leaked private keys. The report, released on Nov. 15, looked back at the history of crypto exploits in 2022, categorizing them into different
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Crypto and Web3 projects suffered a 153% increase in attack incidents from July to September 2023 compared to the same period in 2022, according to a report from blockchain security platform Immunefi. In Q3 2022, there were a total of 30 attack incidents. But in Q3 2023, this number swelled
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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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Cross-chain messaging protocol LayerZero and security platform Immunefi have teamed up to launch a $15 million bug bounty program. The program offers a maximum reward of $15 million for anyone identifying a vulnerability at the highest severity level. According to its terms and conditions, rewards are based on the Immunefi Vulnerability Severity
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BNB Chain was the king of rug pulls in the first quarter of 2023, with over 73.3% of such scams in the entire crypto ecosystem happening on the network, according to an April 4 report from blockchain security firm Immunefi.The report, titled “Crypto Losses in Q1 2023,” investigated a variety
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“There’s a difference between something like GitHub Copilot and ChatGPT. With the former, you are driving the process, and the role of Copilot is offering useful suggestions in context, which you accept or reject as you write your program,” Immunefi told CoinDesk in a Twitter message. “With the latter, you
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According to a new report released on Dec. 21, blockchain security firm Immunefi said that it has processed more than $65,918,994 crypto bounties paid to ethical hackers over 1,248 reports since its inception on Dec. 9, 2020. Web 3.0 projects list bounty programs on ImmuneFi to encourage whitehat hackers to
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Celebrating the myriads of accomplishments earned by the crypto ecosystem, Immunefi, Electric Capital, Bitscale Capital and MA Family together hosted The Bug House — a party for bringing together the global Web3 community. In a panel hosted by Cryptox, editor-in-chief Kristina Lucrezia Cornèr sat with Mitchell Amador, founder and CEO at
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Immunefi focuses on bug bounties for various crypto projects. Source
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Web3 bug bounty and security services platform Immunefi has closed a $24 million Series A funding round, putting the company on track to scale its in-house capacity amid widespread vulnerabilities in the blockchain industry.The funding round was led by the San Francisco-based venture firm Framework Ventures, with additional participation from
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