Sky Mavis launches bug-bounty program to find vulnerabilities in Axie Infinity ecosystem

The Sky Mavis team behind the blockchain game Axie Infinity launched a bug-bounty program to search for vulnerabilities in the ecosystem’s security after a hack of more than $600 million.

The bounty for bugs in the blockchain and smart contracts will range from $1,000 to $1 million, depending on severity.

For vulnerabilities in the website and app interfaces, the company will pay from $50 to $15,000. The reward also depends on the level of threat.

Sky Mavis said that extraordinary bug reports will receive an additional bonus.

Payments under the program will be made in AXS tokens. For the largest payouts, a six-month vesting period applies.

At the end of March the Ronin sidechain hack became known in the game. The hacker withdrew 173,600 ETH and 25.5 million USDC, worth more than $600 million in total.

Sky Mavis promised to reimburse users for losses. In early April, the company raised $150 million for these purposes from a group of investors led by Binance.

As reported, Sky Mavis plans to return at least part of the stolen funds within the next two years.