The Solana Foundation Offers $400,000 Reward for Code that Can “Turn Off” Solana
The Solana Foundation has announced a reward of $400,000 for anyone who can discover the code that has the potential to “turn off Solana.” This move comes as the price of SOL, the native cryptocurrency of the Solana blockchain, has experienced an 8.4% dip in the past week following its mention in Sam Bankman-Fried’s trial.
Jacob Creech Initiates the $400,000 Bounty
Jacob Creech, the Head of Developer Relations for the Solana Foundation, recently took to Twitter to announce a $400,000 bounty for anyone who can find the code that could shut down Solana. This offer is part of the foundation’s broader security bug bounty program, which encourages white hat hackers to identify vulnerabilities in the blockchain.
Bug Bounties and Vulnerabilities
As part of its bug bounty program, the Solana Foundation has set aside various rewards for uncovering vulnerabilities. These include $2 million in locked SOL tokens for discovering theft of funds without user signatures or unauthorized fund transfers. There is also a $1 million bounty reserved for identifying consensus violations or safety issues within the Solana network.
Solana acknowledges that no network is completely immune to vulnerabilities and is actively working to proactively address these issues.
SOL’s Decline Linked to Bankman-Fried Trial
The recent decline in SOL’s price may be attributed to its mentions in Sam Bankman-Fried’s trial. Bankman-Fried’s lawyer discussed his interest in SOL during the trial. SOL serves as the currency for transactions on the Solana blockchain and is used by developers to create decentralized applications like DeFi lending platforms.
Hot Take: Solana Foundation Offers Reward for Code to “Turn Off” Solana
The Solana Foundation has announced a bounty of $400,000 for anyone who can discover the code capable of shutting down the Solana blockchain. This initiative is part of the foundation’s bug bounty program, which encourages white hat hackers to find vulnerabilities within the network. While SOL’s price has experienced a decline recently, potentially due to its mention in Sam Bankman-Fried’s trial, Solana remains committed to proactively addressing any vulnerabilities and maintaining the security of its blockchain.
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