Atomic Pockets is beefing up the safety of its platform via a brand new initiative that may give financial awards to those that uncover potential vulnerabilities in its app.
In a brand new assertion, the decentralized pockets firm says it’s launching a bug bounty program with a cumulative prize pool of $1 million months after struggling a multi-million greenback exploit.
“The initiative invitations safety consultants and passionate hobbyists worldwide to affix forces in figuring out and rectifying any potential safety vulnerabilities or bugs within the Atomic Pockets App, making certain an much more safe expertise for thousands and thousands of customers globally.”
Atomic Pockets says it’ll give $100,000 to anybody who discovers “a vulnerability with the power to assault/drain a pockets with out bodily entry, put in malware, or social engineering, indicating an precise over-the-internet assault and a flaw in our code or dependencies.”
The corporate can be allocating between $500 and $10,000 as a reward for individuals who uncover different types of vulnerabilities.
In October, the crypto pockets agency suffered a safety breach attributed to the North Korean hacking collective, Lazarus Group. Atomic Pockets customers misplaced over $100 million on account of the incident, prompting a gaggle of Russian traders to file a category motion lawsuit.
On the time, the corporate mentioned it managed to freeze $2 million of the stolen funds on crypto exchanges. Nonetheless, it by no means disclosed any plans for the restoration of the opposite $98 million.
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