Solana Bug Bounty Reward Announced, SOL Price Soars by More Than 4%

Crypto News – According to the Solana Foundation, a larger security bug bounty program will pay $400,000 to anyone who can disable the Solana blockchain.

Solana Bug Bounty Reward Announced, SOL Price Soars by More Than 4%

By avoiding the selling pressure on the market as a whole, Ethereum rival Solana has unexpectedly moved up 4%. At the time of publication, the Solana price is up 3.27%, trading at $22.09, with a $9.1 billion market value.

A $400,000 reward has been offered by the Solana Foundation to anyone who can activate a code that might potentially “turn off” Solana, which coincides with the price increase. The unexpected price increase of today demonstrates that investors in Solana remain confident in the system.

Contents of the Bug Bounty Reward Program

A $400,000 reward is offered to anyone who can reveal the code that may shut off Solana, according to a statement made on X by Jacob Creech, the foundation’s head of developer relations. The Solana Foundation’s larger security bug bounty program, which includes this award, is a key component of that initiative. By providing a variety of prizes for their work, the initiative actively encourages ethical hackers to extensively scan the blockchain for potential flaws.

Those who find flaws like unauthorized fund transfers, theft of funds without user signatures, or exploits related to the voting program that depletes delegated stakes will be awarded $2 million in locked SOL tokens, intended for a 12-month lockup, as one of the incentives under this program.

For anybody who can reveal safety violations or other concerns within the Solana network, there is yet another remarkable incentive of $1 million. Included in this is the previously announced $400,000 reward intended to entice hackers to find security holes that could result in remote incursions that could split the Solana network.