MetaMask will award up to ,000 to anyone who finds a wallet flaw

MetaMask will award up to $50,000 to anyone who finds a wallet flaw

MetaMask, one of the most popular digital asset wallets on the market, has announced its HackerOne rewards program. The program will reward anyone who finds a wallet vulnerability.

Participants can win prizes ranging from $1,000 to $50,000. This value will depend on the importance of the detected fault.

“As part of our ongoing effort to keep our users as safe as possible, we’re delighted to partner with HackerOne, a leading attack resistance management (ARM) company, on our security rewards program,” the company said in an ad.

HackerOne for MetaMask

According to the announcement, HackerOne combines the security expertise of ethical hackers with asset discovery.

In addition, the company is committed to continuous evaluation and process improvement. As such, it can spot and close gaps and prevent digital attacks.

According to the company, this gives ethical hackers the opportunity to expose wallet flaws and earn rewards for doing so.

It was announced the same month that the United Global Whitehat Security Team (UGWST) received $120,000 from MetaMask. As reported by CriptoFácil, the value is a reward for finding flaws that could lead to the loss of the digital currency.

The company also reported that malicious actors did not exploit the vulnerability. Additionally, the team says it has fixed the issue for users.

“We are aware of the high volume of scams and phishing attempts taking place in Web 3.0. This is one of many recent improvements our team has made to combat the nefarious activities that continue to plague the industry,” the company said.

About the program

If users think they have discovered a possible security breach, they will first need to create a HackerOne account.

Then you have to send the report through the platform. The report should detail the findings and repeatable steps in a clear and concise manner. Alternatively, you can submit a working proof of concept.

Additionally, users are not allowed to publicly disclose the vulnerability on social networks, as it is a private program.

“We will do our best to resolve all vulnerabilities as quickly as possible and coordinate with researchers to disclose findings,” he said.

The company also said that decisions about the reward value are at its sole discretion.

Also to help users, MetaMask has recently formed a partnership with Asset Reality, a company focused on recovering digital assets.

The aim is to help victims of scams in Brazil and other countries rescue their stolen assets. These services are free for wallet users, but do not include paying the legal part. But if those costs are too high, the company says it will help victims band together for collective action.

Also read: CVM Investigates Exchange Using Privileged Information

Also read: Celsius hires lawyer and plans restructuring after withdrawals blocked

Also read: Lightning Network is the solution to eliminating DeFi weaknesses, says Michael Saylor

Leave a Comment

Your email address will not be published.