Atomic Wallet Launches Bug Bounty Program with $1 Million Prize Pool
Atomic Wallet has introduced a public bug bounty program with a prize pool of $1 million in an effort to enhance the security of its app for users. The program is open to anyone who has the skills and determination to assist in strengthening Atomic Wallet’s security infrastructure, whether they are cybersecurity professionals or hobbyists. Rewards for individual bounties range from $500 for low-risk vulnerabilities to $100,000 for discovering a vulnerability that can attack or drain a wallet without physical access or social engineering. The bug bounty program comes after Atomic Wallet filed to dismiss a class-action lawsuit following a hack that resulted in $100 million being stolen from investor wallets.
A Brewing Legal Battle
Atomic Wallet’s bug bounty program launch coincides with the company’s attempt to dismiss a class-action lawsuit related to the hack. The plaintiffs argue that Atomic Wallet knew about existing security vulnerabilities but failed to take necessary precautions to protect user data and funds. While Lazarus Group from North Korea is believed to be behind the breach, Atomic Wallet’s lawyers argue that a Ukrainian hacking group may be responsible. The company also claims that it is not liable for investor losses due to a provision agreed upon by users in the terms of service.
0.1% Affected?
Atomic Wallet has stated that less than 0.1% of its users were affected by the hack, although this figure has been debated online. The company has updated its security infrastructure and continues to investigate the incident.
Hot Take: Atomic Wallet Enhances Security with Bug Bounty Program
Atomic Wallet has launched a bug bounty program with a substantial prize pool of $1 million, demonstrating its commitment to providing users with a secure experience. By inviting cybersecurity professionals and hobbyists to contribute, the company aims to leverage the expertise of the global community to strengthen its security infrastructure. This initiative comes in the wake of a class-action lawsuit following a significant hack that resulted in millions of dollars being stolen. As Atomic Wallet faces legal challenges, it is taking proactive steps to enhance its security measures and protect user data. The bug bounty program is a testament to Atomic Wallet’s dedication to providing a secure and seamless user experience.
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