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Usual, a stablecoin protocol, has partnered with Sherlock and Nexus Mutual to launch the largest bug bounty program in the cryptocurrency industry, offering $16 million for the discovery of a critical vulnerability. This initiative surpasses the previous record held by Uniswap, which had a bounty of $15.5 million. The collaboration aims to enhance security standards within decentralized finance (DeFi) by incentivizing the identification of potential exploits, reflecting a commitment to robust code review and security measures in the sector.
16M bug bounty program just dropped from @NexusMutual. collaboration with @sherlockdefi and @usualmoney putting serious capital behind finding exploits. insurance primitives stepping up in ways tradfi never could.
🧑🌾 @usualmoney, @sherlockdefi, and @NexusMutual are launching the largest bug bounty in history - $16M for a single critical vulnerability! 🤝 This partnership demonstrates #Usual's commitment to setting the highest security standards in DeFi, ensuring its code is reviewed https://t.co/eMmh175zgx
New $15,000 competitive audit, STARTS NOW! Let’s welcome BitVault, institutional, BTC-backed USD. 9 days to help secure @BitVaultFinance with the biggest prizes go to the highest and rarest vulnerabilities found. Check out the thread for audit docs and areas to focus on during https://t.co/RxR1CsZeu3
