Crypto Exchange BingX has launched a new bug bounty program on Hackenproof, a Web 3.0 bug bounty platform for crypto projects, offering up to $4,000 in rewards.
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According to a recent announcement by BingX, a crypto-social trading exchange with over 5 million users, this bug bounty program aims to open “a door to the community and aims to shape a security-first platform with four top priorities – BingX’s website, its API, Android, and iOS apps.”
The program will offer payouts of up to $4,000 per critical vulnerability discovered, with smaller rewards for less critical bugs. This program will be valid for a long time with open-ended bounty rewards.
Whitehat hackers are invited to find vulnerabilities in four BingX products: the BingX website, API, Android, and iOS mobile apps. The program is hosted on Hackenproof, a Bug Bounty and Vulnerability Coordination platform that connects its customers with the global hacker community to uncover security issues in their products. By running custom-tailored bug bounty programs, they help their customers significantly reduce the risk of losing their data to cybercriminals.
BingX, founded in 2018, is a social trading crypto social trading exchange that offers spot, derivatives, and margin trading services to more than 100 countries worldwide with over 5 million users.
Talking about the program, Elvisco Carrington, PR and Communications Director at BingX, said:
“This bug bounty program aims to improve the overall security and risk control of the platform. In the context of the recent bear market, it is more important than ever that crypto exchanges continue to hone the technologies and practices that contribute to a strong security posture. User safety is always our top priority. Fully delivering on this mission takes time and constant improvement. It is great to see our achievements as we continue to enhance our technological capability and services for our users.”
This article originally published on ZeeTech News and has not been edited by NewziTech.