Coinbase launches $5M bug bounty on Cantina to secure Base and on-chain products

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.