Sonic Labs, the team behind the first Ethereum Virtual Machine (EVM) Sonic blockchain, has partnered with Immunefi, a leading bug bounty platform, to launch a $2 million bug bounty program.
In it advertisement On X, Sonic Labs said it has partnered with Immunefi to offer a $2 million bounty program for uncovering bugs. The project collaboration comes just weeks after the launch of the Sonic mainnet. Many exchanges, including Binance, are as well to support Phantom 1:1 (FTM) to Sonic Migration (S).
According to Sonic Labs, a bug bounty program is fundamental to the security of both the L1 Sonic protocol and the Gateway bridge. The gateway brings the new layer 1 blockchain to Ethereum (Ethereum), allowing users to transfer EVM assets such as USDC and Wrapped Ether to the Ethereum network.
Sonic says its collaboration with Immunefi and other industry players is key to ensuring network security and integrity.
Earlier this month, the Sonic Labs team Sonic's mainnet launch revealed.
At its launch, the project said it was working with major industry auditing firms, including Open Zeppelin, Quantstamp, and Certora, to ensure the integrity of its gateway bridge. The Immunefi collaboration, which will offer rewards of up to $2 million to security experts for identifying vulnerabilities, is one such effort.
The platform will release more details about this partnership and bug bounties in the new year, according to the post on X.
Immunefi, whose bug bounty platform has seen more than $110 million paid out to white hats, currently also offers hunting opportunities for Ethereum, Stacks, and Lombard.
Up to $1.85 million is available for bug bounty hunters, with up to $1.5 million available after Immunefi and the Ethereum Foundation collaborate on the Ethereum Protocol Attackathon. Stacks is a layer-two platform for smart contracts on BTC, while Lombard is a leading liquid mortgage platform for Bitcoin.
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