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- 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Post original content related to SOMI or the CandyDrop event
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LlamaRisk: The bug bounty program of Circle and Tether is far from sufficient.
Golden Finance reported that Circle and Tether are facing scrutiny from the DeFi Risk Management company LlamaRisk, due to their bug bounty program being "severely lacking," with the maximum amount not even exceeding $10,000. LlamaRisk released a report on September 1st, evaluating the bug bounty program for the crypto assets listed in the Aave V3 protocol. The report found that among the assets supplied by Aave, 33 assets (worth $19.7 billion) have bug bounty programs deemed "adequate." However, another 10 assets (worth $19.2 billion) either do not have a bug bounty program or are severely lacking. LlamaRisk pointed out that despite Circle managing $70 billion in assets, its bug bounty is "severely lacking," at only $5,000. Meanwhile, Tether, which manages $160 billion in assets, has a bug bounty of only $10,000. Other assets with relatively low bug bounty amounts include BitGo wrapped bitcoin, Gnosis, and Ripple; while Etherfi, Monerium, PayPal, and Agora are marked as having no active bug bounty programs at all.