- KuCoin is partnering with Bugcrowd to launch a bug bounty program to extend safety throughout its buying and selling platform.
- This system targets vital internet and cell module vulnerabilities with rewards of as much as $10,000 for excessive points.
- Excessive severity finds obtain rewards of as much as $2,000, whereas average discoveries are rewarded as much as $400.
Distinguished world crypto change KuCoin has partnered with Bugcrowd, a number one crowdsourced cybersecurity platform, to extend platform safety. KuCoin introduced this new security-focused collaboration in a latest press assertion issued by Coin Version.
The collaboration marks the launch of an in depth bug bounty program designed to establish and repair potential vulnerabilities throughout the KuCoin platform. This system focuses on figuring out vital vulnerabilities in internet and cell modules.
For internet modules, focused vulnerabilities embrace points equivalent to enterprise logic errors, fee manipulation dangers, distant code execution, and delicate data leakage. As well as, this system addresses a spectrum of OWASP points equivalent to Cross-Web site Scripting (XSS), SQL Injection, and extra.
On the cell entrance, nonetheless, consideration is shifting to vulnerability options able to accessing malicious exterior hyperlinks. It features a potential “Jsbridge/Javascript interface” exploit that would hurt customers and different mobile-related vulnerabilities that would result in potential losses.
KuCoin and Bugcrowd have applied a tiered reward system based mostly on the severity of found vulnerabilities to incentivize safety researchers and reward their efforts. Rewards vary from $10,000 for excessive severity to $50 for low severity points.
Particularly found points of utmost severity are awarded $10,000 and significant vulnerabilities vary from $3,000 to $5,000. Moreover, excessive severity finds obtain rewards starting from $1,000 to $2,000, whereas average findings are rewarded between $200 to $400. Low severity points benefit rewards starting from $50 to $100.
Johnny Lyu, CEO of KuCoin, emphasised the change's dedication to prioritizing the safety of consumer belongings and transactions. Lyu commented:
As Folks's Trade, the safety of customers' belongings is all the time our high precedence. Making certain the safety of consumer belongings and transactions is an ongoing effort to which we’re dedicated.
Bugcrowd CEO Dave Gerry echoed Lyu's sentiments, stressing the significance of belief and safety within the cryptocurrency market. “We’re excited to work with KuCoin to launch their Bug Bounty Program to realize a safer buying and selling atmosphere for all customers,” commented Gerry.
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