Atomic Wallet Launches $1 Million Bug Bounty Program
The developer of Atomic Wallet has initiated a bug bounty program worth $1 million to identify security flaws in its wallet software. The move comes amidst an ongoing class-action lawsuit related to a $100 million hack in June.
Inviting Ethical Hackers and Security Experts
The development team has invited ethical hackers and security experts globally to scrutinize the open-source code of Atomic Wallet for potential vulnerabilities. Hackers who discover severe vulnerabilities that can be exploited over the internet without physical access or social engineering stand a chance to earn $100,000 under the program.
Enhancing Wallet Security
The bug bounty program aims to enhance the security of Atomic Wallet and reduce the risk of future cyber threats. It offers compensation ranging from $500 to $10,000 for hackers who identify bugs or flaws that do not meet the criteria for severe vulnerabilities.
Harnessing Global Expertise and Creativity
Konstantin Gladych, founder of Atomic Wallet, expressed confidence in the bug bounty program’s ability to harness the expertise and creativity of the global community to strengthen cybersecurity.
A History of Hacking Incidents
In June, Atomic Wallet experienced a $100 million hacking incident that affected approximately 5,500 users. The hack has been linked to the North Korean Lazarus Group. Two months later, victims filed a class-action lawsuit against Atomic Wallet for compensation.
Hot Take: Atomic Wallet Prioritizes Security with Bug Bounty Program
Amidst an ongoing lawsuit related to a major hacking incident, Atomic Wallet is taking proactive measures to enhance its security. By launching a bug bounty program worth $1 million, the developers are inviting ethical hackers and security experts to identify vulnerabilities in the wallet software. This initiative aims to minimize the risk of future cyber threats and strengthen the overall security of Atomic Wallet. With compensation ranging from $500 to $100,000, depending on the severity of the vulnerability discovered, Atomic Wallet is prioritizing user protection. By harnessing the expertise of the global community, Atomic Wallet hopes to stay ahead in the dynamic field of cybersecurity.
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