Sky Mavis, the company behind Axie Infinity, is now offering a trojan horse bounty to identify any vulnerabilities in its smart contracts or web-related methods. The solution comes some time after the tragic Ronin hack, when more than $600 million was stolen from the project’s ecosystem.
Can Sky Mavis’ Trojan Horse Bounty Save You Any Other Hack?
On Tuesday, the creators of Axie Infinity, Sky Mavis, proposed an entirely new approach to discovering viable weaknesses of its ecosystem.
Accordingly, white hackers will be paid between $1,000 and $1 million, depending on the severity of each vulnerability discovered. Meanwhile, bugs within the app or cyber web interfaces will likely be rewarded with $50-$15,000. Note, however, that any credit will fall within the AXS tokens type.
Participants should focus most on attacks on mortgages, authentication errors and the malleability of signatures. Obviously, Sky Mavis’s trojan horse bounty aims to improve security beyond imaginable after the surprising Ronin hack that happened in March.
Recovering after the Ronin hack
On March twenty-nine, Sky Mavis published that a hacker had stolen as much as $601 million from his Ronin network. Unfortunately, the incident also affected many Axie Infinity gamers.
Since then, the crowd has specialized in not getting off track again. For example, the company repaid $450 million in monetary loss. In addition, they have raised more than $150 million from key traders matching Binance and Animoca Brands.
Sky Mavis’ trojan horse bounty is certainly an effective attempt to stop hacking incidents in the long run. However, the Ronin hack has entered the historical past as probably the greatest Crypto hacks of all time.