$10M Bounty Program Of Binance To Find bug

Binance Exchange announced their bounty program to tighten the security of Binance Smart Chain. They are ready to pay a total $10 million reward to the people who will help them to find bugs.

Since  one year, most of the projects are rely to go with all possible chains to Launch their crypto token project. As BSC is also a leading chain network of crypto market, so most of the projects gives preference to go with Binance Smart Chain ( BSC). But we had seen numbers of exploit attacks which are trying to dim the adoption of BSC. So Binance team is ready to run BSC Bug Bounty Program. 

On 26 July, Binance announced about their bounty program. Binance team claimed that security should be number one priority for every Crypto projects and related crypto services. That why we are going to tighten their security on Binance Smart Chain by removing all possible bugs. 

“We aim to create a $10 million USD bounty pool that will reward all bounty hunters for disclosing verifiable attack vectors or security flaws across up to 100 dApps.”

The name of the bounty program of Binance is  “Priority One” and its goal is to attract all those black hate & white hat hackers to tell the bugs which are in the Binance chain. In this way, Binance expects that they will maintain a high level of security at their Chain, so that they can attract more and more projects at BSC with full trust. 

It is noted that the Defi projects PancakeBunny, Cream Finance, bEarn, Bogged Finance, Uranium Finance, Meerkat Finance, SafeMoon, Spartan Protocol, Belt Finance, and Impossible Finance faced attacks on their network. And they are still in growing phase. Probably these projects which are victim of Defi attacks are enough to put pressure on Binance team to work for better security in their all possible services. 

Read also: Singapore’s crypto license is almost ready