LlamaRisk: Circle and Tether's bug bounty programs are far from sufficient
Jinse Finance reported that Circle and Tether are currently being questioned by DeFi risk management company LlamaRisk due to their "seriously inadequate" bug bounty programs, with the highest rewards not even exceeding $10,000. On September 1, LlamaRisk released a report evaluating the bug bounty programs of 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 considered "adequate." However, another 10 assets (worth $19.2 billion) either have no bug bounty program or are severely lacking. LlamaRisk pointed out that although Circle manages $70 billion in assets, its bug bounty is "seriously inadequate," at only $5,000. Tether, which manages $160 billion in assets, offers a bug bounty of only $10,000. Other assets with low bug bounty amounts include BitGo wrapped bitcoin, Gnosis, and Ripple; while Etherfi, Monerium, PayPal, and Agora were marked as having no active bug bounty programs at all.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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