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Fortune
Fortune
Catherine McGrath

Uniswap offers biggest-ever ‘bug bounty,’ promises up to $15.5 million to those who spot code vulnerabilities

(Credit: Silas Stein/picture alliance—Getty Images)

Uniswap, one of the largest decentralized exchanges, says it will award $15.5 million to anyone who can find vulnerabilities in the latest version of its namesake protocol. The size of the reward—which the company says is the largest-ever so-called “bug bounty”—is intended to ensure the latest evolution of the protocol, known as Uniswap v4, is as secure as possible.

The idea behind bug bounty programs, which are widely used in the tech sector, is to incentivize nonmalicious hackers—known as “white hats”—to discover vulnerabilities in computer code before bad guys do.

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