Aurora, an Ethereum compatible blockchain on the NEAR Protocol, has rewarded an ethical hacker known as pwning.eth, with a bounty of $6 Million for discovering a critical vulnerability on the network in April.
The vulnerability was reported through ImmuneFi, a bug bounty platform, and was fixed before any damages could take place that would have resulted in a loss of funds.
ImmuneFi says that the amount is the second-largest reward in crypto history, only bettered by a $10 million bug bounty from Wormhole, which was paid out in May.
It was a critical bug on the Aurora engine that could have allowed a malicious entity to mint new ETH and drain over 70,000 ETH, worth about $ 210 Million when the bug was reported.
Frank Braun, the head of security at Aurora Labs, stated that “the bug bounty program with ImmuneFi has proved very valuable in incentivizing hackers to look at their code base and responsibly disclose bugs.” He also added that “such vulnerability should have been discovered earlier” and so they are working on improving the methods to achieve that in the future.
To date, ImmuneFi claims to have assisted ethical hackers and security researchers earn $40 Million in rewards.
Featured image source: Coin News
