Immunefi and Ethereum Foundation Launch Attackathon – GlobeNewswire
Immunefi, a popular onchain security platform safeguarding more than $190 billion in assets, is teaming up with the Ethereum Foundation to launch the Attackathon. This exciting event boasts a total reward pool of $1.5 million, making it the largest crowdsourced security audit competition ever held to bolster security for Ethereum’s protocol.
The Attackathon kicks off with a time-bound code review program hosted by Immunefi, bringing in top-tier engagement from elite security researchers. Before the competition starts, there is an educational period to help the broader security researcher community get involved and deepen their connection within the Ethereum ecosystem.
What makes the Attackathon unique is that the reward pool is directly sponsored by the Ethereum community and other leading projects within the ecosystem, such as ByBit, Wormhole, Arbitrum Foundation, The Graph, and more. These sponsors deposit the funds into the Attackathon vault on Immunefi, ensuring transparency and streamlining the payment process for security researchers.
Fredrik Svantes, Protocol Security Research Lead at the Ethereum Foundation, expressed his excitement about strengthening Ethereum protocol security through this initiative. With over 45,000 researchers, Immunefi operates the largest web3 security community, protecting billions of dollars for established projects like Chainlink, MakerDAO, and others. Immunefi has paid out significant bug bounties totaling over $110 million, while saving user funds amounting to $25 billion.
Mitchell Amador, Founder and CEO of Immunefi, highlighted the dynamic environment created for security researchers to participate in this massive security initiative. He emphasized the importance of each participant’s contribution to fortifying the Ethereum protocol for a safer future for users worldwide.
Sajjad Rehman, VP of Revenue at Immunefi, emphasized the educational period’s success in engaging the community and laying a strong foundation for the Attackathon. This competition is designed to empower researchers to protect the Ethereum protocol’s foundations.
Immunefi is committed to enhancing security in the web3 space, safeguarding billions of dollars in user funds across various projects. The company has a track record of paying out significant bug bounties and setting standards for web3 bug bounty programs.
The Ethereum Foundation is a non-profit organization dedicated to funding protocol development, growing the ecosystem, and advocating for Ethereum. Together, these entities are working to ensure the security and future of the Ethereum blockchain.
