ICYMI: Wormhole announces $10 million bug bounty payout
, also offering the attacker $10 million if the funds were returned.
"Wormhole is sending a clear message with this payout to the best, most talented whitehats on the planet that if they responsibly disclose security vulnerabilities to Wormhole, they’ll be well taken care of," Immunefi said. In a statement shared by the crypto platform, satya0x said that the challenges of blockchain security are an"existential threat" to its future.
The bug was related to Wormhole’s ability to upgrade smart contracts. Essentially, it could potentially allow a hacker to take control of those contracts., Immunefi provided a detailed breakdown of the issue that led to the security vulnerability and how it was fixed.