Immunefi, a platform that offers rewards for finding bugs in Web3 technology, has teamed up with the Ethereum Foundation to create an event called “Attackathon.” This event is a contest where security experts will review the code of Ethereum’s core protocol to identify any vulnerabilities.
The goal of the Attackathon is to enhance the security of the Ethereum network by involving top security researchers in evaluating its technology. The Ethereum Foundation has already allocated $500,000 to the reward pool, which will compensate researchers and developers for finding security flaws.
Immunefi has a community of over 45,000 security researchers and has awarded more than $100 million in bug bounties, making it the leader in the software industry. The company claims to have protected over $25 billion in user funds.
The Attackathon will not only help identify and fix vulnerabilities in Ethereum’s protocol but also provide an educational program to enhance the skills of security researchers in the community. This event aims to create an engaged community of researchers and enthusiasts who are dedicated to improving the security of the Ethereum network.
Fredrik Svantes, the Protocol Security Research Lead at the Ethereum Foundation, expressed his excitement about the competition, stating that it will help secure the Ethereum protocol. He is looking forward to seeing what types of vulnerabilities will be uncovered during the event.
Overall, the Attackathon organized by Immunefi and the Ethereum Foundation is a great initiative to boost the security of the Ethereum network. By involving top security researchers and providing a generous reward pool, this event will not only enhance the network’s security but also recognize the skills of whitehat hackers in the community.