Sky Mavis Launch $1M Bug Bounty Program for Cybersecurity Vigilantes

Fri, 15 Apr 2022 11:30:02 +0000

Sky Mavis Bug Bounty Program

To kick off its recently announced $150 million Ronin Bridge breach reimbursement program, Sky Mavis have decided to adopt a ‘if you can’t beat them, ask them’ approach, as it will be offering up to $1 million to ‘white hats’ (a.k.a cybersecurity vigilantes) who can identify and disclose information on the security vulnerabilities of its network. 

The Axie Infinity developers took to Twitter to announce ‘The Sky Mavis Bug Bounty Program,’ where it stated that it’ll follow a six month vesting period with monthly unlocks for fatal bounties dynamic, where rewards will be issued in $AXS, the native token of Axie Infinity.

As there is a broad array of vulnerabilities to be highlighted, the scheme will entail different rewards depending on the stature of issue identified, with the company outlining that the top bounty of $1,000,000 will go to those who can identify “extraordinarily severe issues or those with extreme impact”.

A further $100,000 will go to those who can identify critical smart contract and blockchain vulnerabilities, and bounties ranging from $50,000 to $50 will go to those who can identify risks which are deemed high, medium, and low.

Ironically, the company have also had to ask those participating to not use the program to leverage spam, spoof, and phishing attacks on the Axie community, whilst also stating that it will not issue rewards if findings are shared on social media. 

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