According to Latest details Immunefi, which surfaced, has joined forces with the Ethereum Foundation to launch an “Attackathon.”
This collaboration is part of a limited-time code review program aimed at identifying potential vulnerabilities in the Ethereum core protocol.
Ethereum Foundation Donates $500,000
Attackathon aims to bring together the best security researchers and developers from around the world to closely examine Ethereum’s technology and security measures.
The Ethereum Foundation kicked off the program by donating $500,000 to the reward pool, which will be used to reward participants who discover and report security issues and bugs.
Fredrik Svantes, director of protocol security research at the Ethereum Foundation, expressed his enthusiasm for the initiative, saying, “We are excited to launch the first audit competition targeting the protocol itself and are looking forward to seeing what types of vulnerabilities are uncovered.”
The event also includes an educational component aimed at increasing accessibility for security researchers and deepening their engagement within the Ethereum ecosystem.
Immunefi is known to run one of the largest Web3 security communities with over 45,000 researchers. The company has a track record of facilitating major bug bounties in the software industry. They have paid out over $100 million in bounties and claim to have saved over $25 billion in user funds.
Also Read: Ethereum ETF Revision Deadline – Will the SEC Approve an ETH ETF This Week?
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