KuCoin Strengthens Safety with Bugcrowd Partnership to Launch Bug Bounty Program

• KuCoin companions with Bugcrowd to launch a bug bounty program to reinforce safety throughout its buying and selling platform.
• This system targets crucial vulnerabilities in internet and cellular modules, with rewards of as much as $10,000 for excessive points.
• Excessive-severity findings obtain rewards as much as $2,000, whereas medium-severity discoveries are rewarded as much as $400.

The outstanding world crypto change KuCoin has partnered with Bugcrowd, the main crowdsourced cybersecurity platform, to reinforce platform safety. KuCoin introduced this new security-focused collaboration in a current press assertion seen by Coin Version.

The collaboration marks the launch of an intensive bug bounty program designed to determine and rectify potential vulnerabilities throughout KuCoin’s platform. This system focuses on pinpointing crucial vulnerabilities in internet and cellular modules.

Relating to the net modules, points resembling enterprise logic flaws, cost manipulation dangers, distant code execution, and delicate data leakage are among the many focused vulnerabilities. Moreover, this system addresses a spectrum of OWASP points, resembling Cross-Web site Scripting (XSS), SQL Injection, and others.

Nevertheless, on the cellular entrance, the main target shifts to vulnerability capabilities able to accessing unsafe exterior hyperlinks. It contains potential exploitations of the “Jsbridge/Javascript interface” that might hurt customers and different mobile-related susceptibilities that might lead to potential losses.

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. The rewards vary from $10,000 for excessive severity to $50 for low severity points.

Particularly, detected excessive severity points are rewarded with $10,000, and demanding severity vulnerabilities vary from $3,000 to $5,000. Furthermore, high-severity findings obtain rewards starting from $1,000 to $2,000, whereas medium-severity discoveries are rewarded between $200 and $400. Low-severity points benefit rewards various from $50 to $100.

Johnny Lyu, CEO of KuCoin, emphasised the change’s dedication to prioritizing the safety of person property and transactions. Lyu remarked:

As Individuals’s Change, the safety of customers’ property is at all times our high precedence. Guaranteeing the security of person property and transactions is an ongoing endeavor to which we’re dedicated.

Bugcrowd CEO Dave Gerry echoed Lyu’s sentiments, highlighting the significance of belief and safety within the cryptocurrency market. “We’re excited to associate with KuCoin to launch their Bug Bounty Program to realize a safer buying and selling surroundings for all customers,” Gerry remarked.