Sonic Labs and Immunefi to offer $2m bug bounty program

Sonic Labs, the team behind the Ethereum Virtual Machine (EVM) layer-1 blockchain Sonic, has partnered with leading bug bounty platform Immunefi to launch a $2 million bug bounty program.

In its announcement about X, Sonic Labs said it was partnering with Immunefi to offer a $2 million bug bounty program. The collaboration of the projects will take place a few weeks after the launch of the Sonic mainnet. Many exchanges, including Binance, support 1:1 migration from Fantom (FTM) to Sonic (S).

According to Sonic Labs, the bug bounty program is key to the security of both the L1 protocol Sonic and the Gateway bridge. The Gateway connects the new layer 1 blockchain to Ethereum (ETH), allowing users to transfer EVM assets such as USDC and Wrapped Ether to the Ethereum network.

Sonic says collaboration with Immunefi and other industry players is key to ensuring network security and integrity.

Earlier this month, the team at Sonic Labs announced the mainnet launch of Sonic.

At its launch, the project said it was working with leading industry audit firms such as Open Zeppelin, Quantstamp and Certora to ensure the security of the Gateway bridge. One of these efforts is the Immunefi collaboration, which will offer up to $2 million in rewards to security experts for identifying security vulnerabilities.

According to the post on X, the platform will release more details about this partnership and bug bounties in the new year.

Immunefi, which has paid over $110 million to white hats on its bug bounty platform, currently offers hunting opportunities for Ethereum, Stacks and Lombard.

Up to $1.85 million will be supported for bug bounty hunters, and up to $1.5 million will be available after Immunefi and the Ethereum Foundation come together on the Ethereum protocol Attackathon. Stacks is a layer 2 platform for smart contracts in BTC; Lombard is a leading Bitcoin liquid staking platform.