Ethereum partners with Immunefi for an ‘Attackathon’ with a $2M bounty

The Attackathon’s host, Immunefi, affirmed that the four-week competition would be the largest crowdfunded security audit event. Immunefi stated that they need sponsors to help raise the $2M reward by August 1, when more details about the Attackathon will be shared.

Also Read: Germany transfers another 1000 BTC, markets suffer negative hit

The EPS (Ethereum protocol security) team asked projects and individual developers across the Ethereum community to ‘help support Ethereum security’ through contributions to the reward pool and participation. The team claimed that the Attackathon would directly foster a ‘safer environment for users and developers’ in the Ethereum ecosystem.

First-ever Attackathon to enhance Ethereum’s protocol security

Immunefi stated that their collaboration with the Ethereum Foundation would present ‘one audit competition to rule them all.’ The EPS team claimed that the upcoming event would be its ‘largest Attackathon yet’ and promised to host similar security challenges at every future hard fork covering codebase changes.

According to Immunefi, security researchers participating in the time-bound audit competition would have the chance to win huge rewards and earn reputation and glory. Immunefi assured that ‘top performing whitehats’ would be recognized for their skills throughout the Ethereum community.

“We plan to host similar Ethereum protocol security challenges at every hard fork covering changes to the codebase. These events will be organized on different platforms, providing varied opportunities for the community to engage in securing the Ethereum protocol.”

– The EPS research team

The EPS team said it intended to deepen the Ethereum community’s understanding of the ecosystem’s code and technology as part of its commitment to ‘ongoing security improvements.’ The team recognized Immunefi’s experience in Web3 security and its track record in identifying and mitigating security risks‘’.

Immunefi and the EPS set rules for ‘Attackathon’ security researchers

The EPS team announced that competing security researchers would follow ‘specific rules.’ According to the research team, only rule-compliant and impactful reports would be rewarded. Immunefi mentioned that Ethereum’s Attackathon also included a ‘comprehensive education program’ to broaden the skills of participating security researchers.

Also Read: Ethereum price prediction 2024-2030: Will ETH reach $5,000 soon?

In addition to the time limit, the EPS team confirmed that the audit challenge would start with an educational phase. The team’s statement revealed that all participants would receive ‘live technical walkthroughs’ of the protocol’s code in preparation for identifying and understanding potential security threats.

“Immunefi’s Attackathons emphasize education and community involvement. Participants benefit from a structured environment that includes live explainers on Ethereum and security, as well as educational content from the Attackathon Academy.”

–The EPS research team

According to the security team, participants will have to apply the knowledge acquired during the educational phase to actively search the protocol’s code for vulnerabilities. The team explained that Immunefi would be responsible for generating the official report after evaluating and compiling the findings. The EPS team said it expects a report detailing discovered threats and a list of the winning participants with their expertise and contributions.

Cryptopolitan reporting by Collins J. Okoth