Ripple Offers $200K to Identify Security Flaws in XRP Ledger Lending Protocol
Ripple is partnering with Immunefi to host a $200,000 "attackathon" to search for bugs in the XRP Ledger lending protocol.
The company is offering up to $200,000 to users who find security flaws in the proposed protocol, incentivizing white hat hackers to identify potential issues.
"The XRPL community is preparing for one of its most significant upgrades yet with the proposed lending protocol, which is expected to go to validator vote later this year. Before any major amendment like this moves forward, it’s critical to ensure the code is as secure and resilient as possible," said RippleX Head of Product Jasmine Cooper.
Ripple and Immunefi are asking security researchers to test the codebase, with a focus on bugs that impact fund security and vault solvency.
Author's summary: Ripple offers $200K for XRP Ledger security flaws.