{"id":41161,"date":"2021-04-21T15:32:06","date_gmt":"2021-04-21T12:32:06","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41161"},"modified":"2025-08-30T17:32:38","modified_gmt":"2025-08-30T14:32:38","slug":"balancer-labs-offers-up-to-2-million-for-bug-reports-on-its-protocol","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/balancer-labs-offers-up-to-2-million-for-bug-reports-on-its-protocol\/","title":{"rendered":"Balancer Labs offers up to $2 million for bug reports on its protocol"},"content":{"rendered":"<p>Balancer Labs is offering a reward of 1000 ETH or $2 million to anyone who discovers critical vulnerabilities in the second version of its DeFi protocol.<\/p>\n<blockquote class=\\\"twitter-tweet\\\" data-lang=\\\"en\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">Balancer Labs is offering the biggest bug bounty in history \u2014 up to 1,000 ETH or $2,000,000 (whichever is higher) \u2014 for critical bugs that allow attackers to drain the Balancer V2 Vault.<\/p>\n<p>More details on the program \ud83d\udc47<a href=\\\"https:\/\/t.co\/BKxHtOW1zY\\\">https:\/\/t.co\/BKxHtOW1zY<\/a><\/p>\n<p>\u2014 Balancer Labs (@BalancerLabs) <a href=\\\"https:\/\/twitter.com\/BalancerLabs\/status\/1384503683027771394?ref_src=twsrc%5Etfw\\\">April 20, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Under the Bug Bounty program, developers ranked code flaws by severity from critical to low. The top reward targets vulnerabilities that allow attackers to drain &#8216;significant funds&#8217; from the Vault or block them.<\/p>\n<p>For low-severity issues the project offers 5 ETH or $10 000.<\/p>\n<p>A more substantial reward is offered for reports of bugs that potentially allow attackers to &#8216;steal funds that exceed gas or fees&#8217; and to &#8216;slowly manipulate the balance in the attacker&#8217;s favour&#8217;.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cBeyond the fact that our reward is the largest in history, it is innovative in that it scales with the price of Ethereum, in step with the broad crypto market and, probably, with the total value locked in the protocol,\u201d said Fernando Martinelli, CEO of Balancer Labs.<\/p>\n<\/blockquote>\n<p>The Bug Bounty launch came alongside the <a href=\\\"https:\/\/medium.com\/balancer-protocol\/developers-balancer-v2-smart-contracts-are-now-live-e97002ee0310\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">deployment<\/a> of Balancer v2 smart contracts on the Ethereum mainnet.<\/p>\n<p>The developers will launch the user interface on April 28. The weekly window gives project partners time to integrate the second version of the protocol before it is rolled out for widespread use by users.<\/p>\n<p>In November, Balancer Labs <a href=\"https:\/\/forklog.com\/en\/news\/balancer-defi-protocol-attracts-seven-figure-sum-through-token-sale\">attracted a &#8216;seven-figure sum&#8217;<\/a> through the sale of BAL tokens. In February, the project said it sold investors BAL <a href=\"https:\/\/forklog.com\/en\/news\/balancer-defi-protocol-raises-5-million-in-token-sale\">another $5 million<\/a>, and the total funding raised to develop Balancer v2 amounted to $12 million.<\/p>\n<p>Follow ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Balancer Labs is offering a reward of 1000 ETH or $2 million to anyone who discovers critical vulnerabilities in the second version of its DeFi protocol.<\/p>\n","protected":false},"author":1,"featured_media":41162,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1856,1301,1607],"class_list":["post-41161","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-balancer-bal","tag-blockchain-vulnerabilities","tag-bounty"],"aioseo_notices":[],"amp_enabled":true,"views":"16","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41161","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41161"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41161\/revisions"}],"predecessor-version":[{"id":41163,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41161\/revisions\/41163"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41162"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41161"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41161"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41161"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}