The Solana Foundation is offering a $400,000 reward to anyone who can discover the code that could potentially “shut down Solana.”
This development comes as SOL’s price fell 8.4% last week following several mentions in the Sam-Bankman Friend trial.
Jacob Creech announces $400,000 reward
Jacob Creech, head of developer relations at the foundation, recently took to X to announce a $400,000 reward for anyone who can discover code that could disable Solana.
FYI, there is a $400k reward for anyone who can find a code that can shut down Solana.
Please go ahead and find it.https://t.co/2oxcB0EEyx
– Jacob Creech (@jacobvcreech) October 12, 2023
This offering is part of the Solana Foundation’s broader security bug bounty program, which actively encourages white hat hackers to scan the blockchain for vulnerabilities, with several rewards up for grabs.
Among these rewards are $2 million in locked SOL tokens, reserved for a 12-month lockup period, awaiting those who can discover vulnerabilities such as the theft of funds without user signatures, unauthorized fund transfers, or exploits. of voting programs that exhaust the delegated bets.
A notable reward worth $1 million is reserved for those who can expose consensus violations or security issues on the Solana network. This includes the recently publicized $400,000 bounty, which incentivizes hackers to identify vulnerabilities that could lead to remote attacks capable of disrupting the Solana network.
As a blockchain hailed as the “ethereum killer,” Solana recognizes that no network is immune to vulnerabilities and is determined to proactively address these issues.
SOL’s decline linked to mentions of the Bankman-Fried trial
Meanwhile, the Bankman-Fried criminal trial has had a negative impact on SOL, which is the eighth largest cryptocurrency. SOL’s performance has been poor recently, with its current price at $21.36, down 8.4% from last week, according to CoinGecko. data.
This decline may be related to its frequent mentions in the Bankman-Fried trial, in which his lawyer, Mark S. Cohen, discussed his interest in this cryptocurrency during the trial.
SOL serves as a currency for transactions on the Solana blockchain, which developers use to create decentralized applications such as DeFi lending platforms. Additionally, FTX favored it, as its former CEO Bankman-Fried supported Solana, launched a Solana nft marketplace, and invested in several native projects.
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