Binance Exchange Launches $100,000 Bug Bounty Program on Bugcrowd


Binance Launched Its Public Bug Bounty on Bugcrowd

Binance a cryptocurrency exchange is offering the public Bug bounty in conjunction with bugcrowd. The public bug bounty was announced through bugcrowd twitter handle on Thursday 2 August.

The bug bounty is a reward to the public and its users for finding bugs in Windows, macOS, iOS, Android, and API Documentation. They will be rewarded for their findings; participation entails rules to work with as stated on the bugcrowd website.

Binance Public Bug Bounty in Connection With BugCrowd

According to the release on the bugcrowd blog, it was stated that “This program adheres to the Bugcrowd Vulnerability Rating Taxonomy for the prioritization/rating of findings.”

The details further read:

“Rewards will be paid out in BNB (Binance Coin). Once your submission is accepted the Binance team will ask for your email address associated with your wallet to send your payment. To receive the payment, we suggest researchers create a separate private Binance account. Prices will change with the cryptocurrency markets, and the dollar amount listed below could change.

Please note that only vulnerabilities with a working proof of concept that shows how it can be exploited will be considered eligible for monetary rewards.

Binance is eager to work with the community to make sure that every researcher's finding is rewarded fairly – based on the vulnerability's impact on business and overall severity. To this end, it is possible that extraordinarily severe issues or those with extreme impact may be rewarded up to $100,000.

Binance may award an additional reward bonus for exceptional reports. This will be done at Binance's discretion.”

Binance Bug Bounty Rewards

p1 Critical $5,000 – $10,000
p2 Severe $2,500 – $5,000
p3 Moderate $600 – $1,500
p4 Low $200 – $600

 

Target information is expected from the following Target Information: Windows, lacks, iOS, Android, and API Documentation.

More details on how to participate and guideline rule are on this link.

Binance is one most prominent cryptocurrency exchange, rated by as the best mostly; it operates in many places around the world. The exchange is specializes in crypto-to-crypto transactions, by providing access to hundreds of digital currency pairs. As a leading exchange platform security, liquidity, and speed are its priorities. While it still maintains a level of the lowest fees in the industry at 0.1% per trade (or 0.05% by using its BNB coin).

The partnership of Binance with Bugcrowd is an offer to the public to further the course of technology, as discovering bugs will be rewarded with cryptocurrency. The bugs discovery will lead to means of correcting such bugs, which will improve tech.

Some twitter users have already started to have a little light hearted fun at the tweet:

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