Business

Sky Mavis Offers $1 Million Bug Bounty … After $625 Million Hack

Sky Mavis Introduces Bug Bounty Following Ronin Bridge $624M Hack –  Fintechs.fi

  • Sky Mavis is using a $1 million bug bounty for those who can recognize “deadly” defects in the code
  • This has currently been done by a hacker, who took $625 million from the business’s Ronin network 2 weeks back
  • This late phase bug bounty has triggered mirth in the crypto neighborhood

Sky Mavis, the business behind the Axie Infinity video game, is providing a $1 million bug bounty on its code 2 weeks after it was struck by a $625 million hack. The bounty, which is the embodiment of the term ‘closing the steady door after the horse has bolted’, will reward bug hunters throughout 5 serious tiers, varying from $1000 for “low” threat findings to $1,000,000 for “deadly” ones, understanding that Sky Mavis truly might have finished with 2 weeks ago before its bridge was hacked.

Post-hack Bug Bounty Raises Eyebrows

The bug bounty was revealed by Sky Mavis COO Alexsander Larsen who welcomed bug hunters to “Help us keep @Ronin_Network protected while making a bounty”, the phrasing of which results in the tip that it was safe to start with. The paradox of using a bug bounty after your platform has been stiffed for over half a billion dollars wasn’t lost on some:

Ahahahah that is the amusing thing XD

— Easa (@_Easaaa_) April 12, 2022

Lol AFTER a 600 million hack … ought to have to be done BEFORE lol

— fredhead (@fredhead___) April 12, 2022

The websites for the bug bounty keep in mind that “Sky Mavis acknowledges the value and worth of security scientists’ efforts in assisting keep our neighborhood safe”, raising concerns about whether it has constantly felt in this manner, and if so, simply just how much significance it has put on them in the extremely current past.

Sky Mavis Bug Bounty Paid in AXS

The post included that “extremely serious concerns or those with severe effect might be rewarded approximately $1,000,000” from the bug bounty, with the capacity for “an extra benefit bonus offer for extraordinary reports”, all at Sky Mavis’s discretion.

How one can Purchase Axie Infinity (AXS) with PayPal: The 2021 Information  - TOS

It isn’t all excellent news for you white hat hackers nevertheless– all benefits are paid in AXS tokens, with a six-month vesting duration for the huge bounties. Absolutely nothing like seeing your $1 million benefit halves because Bitcoin disposes of it.

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