DefineDeFiWeb3 Glossary

Bug Bounty

A reward program where projects pay people who find security problems. White hat hackers get paid instead of exploiting bugs.

Example

Immunefi paying a hacker $10 million for reporting a critical bug that could have drained billions from a bridge.

Related Terms

Tools & Protocols

πŸ“ŠKey Numbers

$10M+
Max Payouts
for critical bridge/protocol bugs
Immunefi
Platform
largest crypto bug bounty platform
$100M+
Total Paid
by Immunefi alone

πŸš€Getting Started

  • 1Learn smart contract security (Ethernaut, Damn Vulnerable DeFi)
  • 2Study past exploits to understand common vulnerabilities
  • 3Start with smaller bounties to build reputation
  • 4Follow responsible disclosure - report, don't exploit
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