Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products
Main Idea
Coinbase has expanded its security collaboration with Cantina, focusing on actionable submissions and building on previous audits to enhance overall security standards, while also protecting its Ethereum layer 2 network, Base.
Key Points
1. Coinbase announced a significant security program on July 8, facilitated by Cantina’s platform, emphasizing clear, actionable submissions.
2. The program builds on earlier collaborations, including audits of WebAuthn modules, Verified Pools, and Nitro Validators.
3. Coinbase faced a high-profile data breach in May involving bribed support staff but chose not to pay the ransom, instead focusing on improving security standards.
4. Cantina combines AI-powered tools with expert-led triage and has hosted major programs like Uniswap’s $15.5 million bounty for version 4 of its protocol.
5. The initiative expands protection for Base, Coinbase’s Ethereum layer 2 network, and aligns with similar efforts by Optimism (OP) to secure the OP Stack.
Description
Coinbase has launched a $5 million bug bounty program hosted on Cantina, aimed at strengthening the security of its on-chain products and the Base layer 2 network. The program, which was announced on July 8, is one of the biggest of its kind in web3 and aims to identify and fix critical vulnerabilities across Coinbase’s smart contracts. Security researchers are encouraged to submit their findings through Cantina’s platform, which facilitates repeatable and structured reviews. Every submission is...
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