Ern Launches Bug Bounty Program on Immunefi with Rewards up to $50,000
This article discusses the launch of a bug bounty program by Erns, with potential rewards reaching $50,000. The focus is on security vulnerabilities in smart contract platforms. One instance identified is an integer overflow vulnerability, where the parsing function for uint256 data type didn't account for possible overflow, allowing attackers to manipulate values beyond the maximum supported by the data type. By sending a transaction with a larger-than-expected amount, the researcher was able to trick the contract into processing incorrect data. This could result in unauthorized transactions or contract failure, potentially causing significant financial loss. The vulnerability was remediated by using safe arithmetic operations and functions like SafeMath in the smart contract code. To secure your smart contracts, always ensure input validation and use secure programming practices for mathematical operations. Key lesson: Always validate inputs and implement safe math libraries for secure smart contracts. #BugBounty #SmartContractSecurity #Cryptocurrency #IntegerOverflow

https://medium.com/@ernapp/ern-launches-bug-bounty-program-on-immunefi-with-rewards-up-to-50-000-8a6c632895a9?source=rss------bug_bounty-5

The FTC has reached a proposed settlement requiring Nomad to return $37.5M in recovered funds and adopt a structured information security program following its 2022 smart contract exploit.

The complaint points to inadequate testing, ignored audit findings, and weak vulnerability intake processes. From an InfoSec perspective, this case reinforces the importance of secure change management and executive alignment on risk.

How can security teams better escalate and enforce risk concerns before deployment?

Source: https://therecord.media/ftc-settlement-nomad-platform-return-customers-cryptocurrency

Share insights and follow @technadu for practical security analysis.

#InfoSec #SecureSDLC #SmartContractSecurity #RiskGovernance #FTC #CyberDefense #TechNadu

A hacker just drained $223M from the Cetus Protocol by exploiting smart contract flaws and flash loans. Is DeFi security really keeping up with these sophisticated attacks? Read on to find out why this breach has everyone reassessing risk.

https://thedefendopsdiaries.com/cetus-protocol-heist-a-wake-up-call-for-defi-security/

#defi
#cetusprotocol
#cryptocurrencyheist
#smartcontractsecurity
#blockchainsecurity

Referenced link: https://hackernoon.com/secure-smart-contract-toolsan-end-to-end-developers-guide
Discuss on https://discu.eu/q/https://hackernoon.com/secure-smart-contract-toolsan-end-to-end-developers-guide

Originally posted by HackerNoon | Learn Any Technology / @[email protected]: https://twitter.com/hackernoon/status/1601003753167114242#m

Writing secure smart contracts is hard. In this article I'll look at 22 security tools from across web3 available at each stage of smart contract development. - https://hackernoon.com/secure-smart-contract-toolsan-end-to-end-developers-guide #smartcontracts #smartcontractsecurity