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Axie Infinity Launches $1 Million Bounty Program After Ronin Hack

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Aleksander Leonard Larsen, co-founder and COO of software development studio Sky Mavis, created by Axie Infinity, announced the launch of a bounty program in which users who find bugs in Axie Infinity will be rewarded.

Axie Infinity Launches Bounty Program

As announced by Larsen, the investment aims to increase the security of its Axie Infinity and Ronin Network products.

To increase the security effort and recruit more developers, Larsen took to Twitter to invite all “White hat” hackers in the blockchain industry to participate in the campaign.

He attached a list of products to test, including the flagship Ronin and Axie Infinity, as well as browser extensions, desktop and mobile apps, and native wallet.

The list of prioritized vulnerabilities includes technical flaws, EVM bugs, cost-effective attacks, scalability flaws, and malicious intervention designs.

According to Larsen, bounties for web and app crashes range between $50 and $15,000. Meanwhile, disclosure of on-chain vulnerabilities could be rewarded with a record $1,000,000 bounty paid in AXS tokens.

The Sky Mavis team highlighted that bug bounty campaign participants must avoid spam, spoofing, phishing, social engineering, DDoS attacks and physical attempts against Sky Mavis property or data centers.

The campaign comes after the Ronin Network, Sky Mavis’ layer 2 solution, suffered a historic hack in which losses exceeded $625 million.

Now, after the attack, the attackers are trying to send 2,000 to 3,000 portions of ETH to the Tornado Cash mixer. The goal is to prevent your loot from being tracked by investigators.

However, experts believe that the hackers will soon be found. After all, funds, even mixed, must be sent to cryptocurrency exchanges for conversion.

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All content in this article is for informational purposes only and in no way serves as investment advice. Investing in cryptocurrencies, commodities and stocks is very risky and can lead to capital losses.

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