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The Solana Basis is providing a reward of $400,000 for anybody who can uncover the code that might probably “flip off Solana.”
This growth comes whereas SOL’s worth has dipped by 8.4% previously week following a number of mentions in Sam-Bankman Good friend’s trial.
Jacob Creech Declares $400,000 Bounty
Jacob Creech, the Head of Developer Relations for the inspiration, just lately took to X to announce a $400,000 bounty for anybody who can uncover the code that might flip Solana off.
Fyi there’s a $400k reward for anybody that may discover code that may flip off Solana
Please go forward and discover ithttps://t.co/2oxcB0EEyx
— Jacob Creech (@jacobvcreech) October 12, 2023
This supply is part of the Solana Basis’s broader safety bug bounty program, which actively encourages white hat hackers to scrutinize the blockchain for vulnerabilities, with varied rewards up for grabs.
Amongst these bounties is $2 million in locked SOL tokens, put aside for a 12-month lockup interval, awaiting those that can uncover vulnerabilities similar to theft of funds with out consumer signatures, unauthorized fund transfers, or vote program exploits that drain delegated stakes.
One standout bounty price $1 million is reserved for individuals who can expose the Solana community’s consensus violations or questions of safety. This consists of the just lately publicized $400,000 reward, which incentivizes hackers to determine vulnerabilities that might result in distant assaults able to partitioning the Solana community.
As a blockchain hailed as an “Ethereum killer,” Solana acknowledges that no community is resistant to vulnerabilities and is set to deal with these points proactively.
SOL’s Decline Tied to Bankman-Fried Trial Mentions
In the meantime, Bankman-Fried’s legal trial has brought on a damaging affect on SOL, which is the eighth-largest cryptocurrency. SOL’s efficiency has been poor just lately, with its present worth at $21.36, down by 8.4% previously week, based on CoinGecko data.
This decline could also be linked to its frequent mentions in Bankman-Fried’s trial, by which his lawyer, Mark S. Cohen, mentioned his curiosity on this cryptocurrency in the course of the trial.
SOL serves because the forex for transactions on the Solana blockchain, which builders use to create decentralized apps like DeFi lending platforms. Moreover, it was favored by FTX, with its former CEO Bankman-Fried supporting Solana, launching a Solana NFT market, and investing in varied native tasks.
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