Ethereum (ETH) decentralized exchange protocol AirSwap announced that it is running a  problems bounty program with rewards up to xx,000 DAI (worth $20,000). It begins now and continues indefinitely.

On Dec. 4, the AirSwap team said that the value of the bug bounty rewards will depend on the severity of the bug found, co-ordinate to the OWASP gamble rating methodology and every bit judged by the AirSwap squad.

The AirSwap problems compensation rewards go up to 250 DAI for a low-level gear up, and up to 2,000 DAI for a high-level fix. If the AirSwap team decides that the risk severity has reached a disquisitional level, the reward will go up to xx,000 DAI.

In September, the AirSwap squad appear that they had discovered a critical vulnerability in the system'south new smart contract, which was reportedly immediately reverted to an older version afterward the issue was detected.

AirSwap noted at the fourth dimension that neither AirSwap's Instant nor Trader products were affected by the vulnerability, and that but ix address owners were required to take action to forbid the loss of funds.

Bug bounties in crypto

Every bit hacks in the crypto world tin result in the theft of hundreds of millions of dollars of tokens, cryptocurrency companies ofttimes turn to problems bounties in an effort to combat those who pose a existent threat to their security systems: hackers.

Frequently companies will offer bounties on a staggered calibration, with the reward cost corresponding to the severity of the bug. Bounties tin commencement equally depression as $50 or $100 for low-level fixes, to $10,000 and more for disquisitional bugs.

$fifty,000 bounty

In October, MakerDAO had to set up a critical problems that could have resulted in a consummate loss of funds for all platform users. The HackerOne user lucash-dev had disclosed a study that revealed a critical issues in MakerDAO's planned upgrade, and was rewarded a $fifty,000 bounty. This bug represented the first critical finding in the MakerDAO'sbounty program.