• KuCoin has partnered with Bugcrowd to launch a bug bounty program to strengthen the safety of your entire buying and selling platform.
• This system targets important vulnerabilities in net and cell modules, with bounties of as much as $10,000 for excessive points.
• Excessive-severity discoveries are rewarded with as much as $2,000, and medium-severity discoveries are rewarded with as much as $400.

Famend world cryptocurrency trade KuCoin has partnered with Bugcrowd, a number one crowdsourcing cybersecurity platform, to strengthen the safety of its platform. KuCoin introduced this new security-focused collaboration in a current press assertion seen by Coin Version.

This collaboration marks the launch of an intensive bug bounty program geared toward figuring out and fixing potential vulnerabilities throughout the KuCoin platform. This program focuses on pinpointing important vulnerabilities in net and cell modules.

Concerning net modules, focused vulnerabilities embrace flaws in enterprise logic, dangers in fee operations, distant code execution, and leakage of confidential data. Moreover, this program additionally addresses numerous OWASP points akin to cross-site scripting (XSS), SQL injection, and extra.

Nevertheless, on the cell entrance, the main target has shifted to vulnerability options that permit entry to insecure exterior hyperlinks. This contains potential abuse of the “Jsbridge/JavaScript interface” that would trigger potential losses and hurt to customers and different mobile-related sensitivities.

KuCoin and Bugcrowd have established a tiered reward system based mostly on the severity of recognized vulnerabilities to incentivize safety researchers and reward their efforts. Awards vary from $10,000 for very excessive severity points to $50 for low severity points.

Particularly, very severe points detected are rewarded with a $10,000 bounty, with severity vulnerabilities starting from $3,000 to $5,000. Moreover, high-severity discoveries are rewarded within the $1,000 to $2,000 vary, whereas medium-severity discoveries are rewarded within the $200 to $400 vary. Much less extreme points are rewarded between $50 and $100.

KuCoin CEO Johnny Liu highlighted the trade's dedication to prioritizing the safety of consumer property and transactions. Mr. Liu mentioned:

As Individuals's Change, the safety of our customers' property is all the time our prime precedence. Making certain the protection of our customers' property and transactions is an ongoing dedication to our firm.

Bugcrowd CEO Dave Gerry echoed Lyu's sentiments, stressing the significance of belief and safety within the crypto market. “We’re excited to accomplice with KuCoin to launch a bug bounty program to allow a safer buying and selling atmosphere for all customers,” Gerry mentioned.