Uniswap Labs launches largest bug bounty: Uniswap Labs, one of the leading decentralized exchanges in the cryptocurrency field, has officially announced the largest bug bounty program ever. The reward of up to USD 15.5 million is for those who discover critical vulnerabilities in their core v4 contracts. This action demonstrates Uniswap’s strong commitment to ensuring the security of the DeFi ecosystem.

Scope of the bug bounty program: According to announcements from Uniswap Labs, this bug bounty program not only focuses on the deployed core contracts but also includes undeployed contracts. Researchers discovering vulnerabilities that may threaten user funds will qualify for rewards. This shows that Uniswap places great emphasis on protecting user assets on their platform.

Importance of bug bounty: The bug bounty program has become an indispensable part of the blockchain and cryptocurrency industry. It encourages researchers and ethical hackers to explore source code to discover and report vulnerabilities before they are exploited. Reports have shown that since 2020, attacks have caused damage of approximately USD 3.6 billion to DeFi projects, highlighting the urgent need to tighten security.

Uniswap’s commitment to security: Uniswap always prioritizes security with this impressive bug bounty program. This demonstrates a commitment to protecting user funds and encouraging responsible research in the DeFi community. In 2022, Uniswap blocked crypto addresses associated with stolen funds to increase protection for users.