Sonic Labs, the team behind the Ethereum Virtual Machine (EVM) Layer 1 blockchain Sonic, has partnered with Immunefi, a leading bug bounty platform, to launch a $2 million bug bounty program. dollars to start.
In his announcement about the collaboration of the projects comes a few weeks after the launch of the Sonic mainnet. Several exchanges, including Binance, support the 1:1 migration from Fantom (FTM) to Sonic (S).
According to Sonic Labs, the bug bounties program is key to the security of both the Sonic L1 protocol and the Gateway Bridge. The gateway connects the new Layer 1 blockchain with Ethereum (ETH) and allows users to transfer EVM assets such as USDC and Wrapped Ether to the Ethereum network.
According to Sonic, collaboration with Immunefi and other industry players is key to ensuring network security and integrity.
Earlier this month, the Sonic Labs team announced the mainnet launch of Sonic.
At its launch, the project announced that it was working with leading industry accounting firms, including Open Zeppelin, Quantstamp and Certora, to ensure the security of its gateway bridge. The Immunefi collaboration, which offers up to $2 million in bounties to security experts for identifying vulnerabilities, is one such effort.
According to the post on X, the platform will release more details about this partnership and bug bounties in the new year.
Immunefi, whose bug bounty platform has paid out over $110 million to whitehats, also currently offers hunting opportunities for Ethereum, Stacks and Lombard.
Up to $1.85 million to choose from…
