Immunefi and Ethereum Foundation Kick-Off Attackathon With $1.5M in Rewards To Enhance Ethereum’s Protocol Security

General

Immunefi,
the
leading
onchain
crowdsourced
security
platform
protecting
over
$190
billion
in
assets,
kicks
off
the
first
Attackathon
with
the Ethereum
Foundation,
featuring
a
total
reward
pool
of
$1.5
million.

The
Attackathon
represents
the
first
and
largest-ever
crowdsourced
security
audit
competition
conducted
to
augment
security
for
the
entirety
of
the
protocol’s
code.
It
features
a
time-bound
code
review
program
hosted
by
Immunefi,
ensuring
top-tier
engagement
from
elite
security
researchers.
The
competition
kicks
off
following
an educational
period designed
to
enhance
accessibility
for
the
broader
security
researcher
community
and
deepen
their
engagement
within
the
Ethereum
ecosystem.

The
Attackathon
is
a
unique
competition
in
which
the reward
pool has
been
directly
sponsored
by
the
Ethereum
community
and
leading
projects
connected
to
the
ecosystem,
including:

Ethereum
Foundation
ByBit
Wormhole
Arbitrum
Foundation
The
Graph
GMX
BASE

The
sponsored
pool
is
deposited
directly
into
the
Attackathon vault on
Immunefi,
a
proprietary
solution
designed
to
transparently
display
the
allocation
of
a
program’s
funds
and
streamline
the
payment
process
between
projects
and
security
researchers.

“We’re
excited
to
bring
the
global
security
community
together
to
strengthen
Ethereum
protocol’s
security.
This
is
not
only
the
first-ever
crowdsourced
security
audit,
but
also
a
proactive
step
toward
ensuring
Ethereum
protocol’s
future
and
its
growing
impact
on
our
daily
lives,”
said
Fredrik
Svantes,
Protocol
Security
Research
Lead
at
the
Ethereum
Foundation.

Immunefi
operates
the
largest
web3
security
community
with
over
45,000
researchers.
It
protects
over
$190
billion
in
user
funds
for
established
projects
like
Chainlink,
Wormhole,
MakerDAO,
TheGraph,
Synthetix,
Polygon,
Optimism, and
more.
Immunefi
has
paid
out
the
most
significant
bug
bounties
in
the
software
industry,
amounting
to
over
$110
million
while
saving
over
$25
billion
in
user
funds.
Currently,
Immunefi
offers
over
$180
million
in
bounty
rewards.
80%
of
projects
find
vulnerabilities
missed
by
audits
thanks
to
Immunefi’s
researchers.

“We’ve
created
a
dynamic
environment
for
security
researchers
to
join
the
largest
security
initiative
the
Ethereum
community
has
seen,”
said
Mitchell
Amador,
Founder
and
CEO
of
Immunefi.
“With
the
educational
period
for
the
Attackathon
now
complete,
it’s
time
for
the
community
to
shine.
This
is
the
moment
where
each
participant
contributes
to
fortifying
Ethereum
protocol,
ensuring
a
safer
future
for
users
worldwide.”

“The
Attackathon
is
designed
to
empower
researchers
to
safeguard
the
foundations
of
Ethereum
protocol,”
said
Sajjad
Rehman,
VP
of
Revenue
at
Immunefi.
“The
educational
period
saw
remarkable
engagement
from
the
community,
laying
a
strong
groundwork
for
the
protocol’s
mega
audit
competition.”

About
Immunefi

Immunefi is
the
largest
crowdsourced
security
platform
for
web3.
Immunefi
guards
over
$190
billion
in
user
funds
across
projects
like
Chainlink,
Wormhole,
MakerDAO,
TheGraph,
Synthetix,
Polygon,
Optimism, and
others.
The
company
has
paid
out
the
most
significant
bug
bounties
in
the
software
industry,
amounting
to
over
$110
million,
and
has
pioneered
the
scaling
web3
bug
bounties
standard.
For
more
information,
please
visit https://immunefi.com

About
Ethereum
Foundation

EF
is
a
non-profit
and
part
of
a
community
of
organizations
and
people
working
to
fund
protocol
development,
grow
the
ecosystem,
and
advocate
for
Ethereum.
For
more
information,
please
visit https://ethereum.foundation/