{"id":51810,"date":"2021-10-26T18:38:04","date_gmt":"2021-10-26T15:38:04","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=51810"},"modified":"2025-09-03T01:45:12","modified_gmt":"2025-09-02T22:45:12","slug":"immunefis-bug-bounty-platform-raises-5-5-million","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/immunefis-bug-bounty-platform-raises-5-5-million\/","title":{"rendered":"Immunefi&#8217;s bug-bounty platform raises $5.5 million"},"content":{"rendered":"<p>The crypto startup Immunefi, which helps DeFi projects launch bug-bounty programs on their platforms, raised $5.5 million in seed funding.<\/p>\n<p><!--more--><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">BOOM. <a href=\"https:\/\/t.co\/64g8ZYmrRX\">https:\/\/t.co\/64g8ZYmrRX<\/a><\/p>\n<p>\u2014 Immunefi (@immunefi) <a href=\"https:\/\/twitter.com\/immunefi\/status\/1452985434141822982?ref_src=twsrc%5Etfw\">October 26, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div>\n<\/figure>\n<p>The round was led by Electric Capital and Blueprint Forest. Participants also included Framework Ventures, IDEO Colab, The LAO, BR Capital, North Island Ventures and others.<\/p>\n<p>According to Immunefi representatives, the funds will help scale the startup&#8217;s operations.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We will continue to acquire cutting-edge security technologies and build the industry&#8217;s top-tier incident-response team. We are particularly interested in developing vulnerability-diagnostics technology,&#8221; said Mitchell Amador, CEO and founder of Immunefi.<\/p>\n<\/blockquote>\n<p>DeFi-focused hackers have stolen more than $400 million in total, according to The Block.<\/p>\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"702\" height=\"388\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Funds-stolen.png\" alt=\"Immunefi bug-bounty platform raises $5.5 million\" class=\"wp-image-154063\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Funds-stolen.png 702w, https:\/\/forklog.com\/wp-content\/uploads\/Funds-stolen-300x166.png 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><figcaption>Source: <a href=\"https:\/\/www.theblockcrypto.com\/data\/decentralized-finance\/exploits\">The Block<\/a>.<\/figcaption><\/figure>\n<p>Amador noted that his startup has helped projects identify more than 3,500 vulnerabilities, preventing multimillion-dollar thefts. Immunefi works closely with white-hat hackers, and among its clients are major DeFi projects such as Synthetix, Chainlink, SushiSwap, PancakeSwap and Compound.<\/p>\n<p>The platform currently offers a total of $47 million for disclosed vulnerabilities, having already paid more than $7.5 million under bug-bounty programs. Immunefi&#8217;s commission stands at 10%. <\/p>\n<p>Earlier, the Polygon protocol team <a href=\"https:\/\/forklog.com\/en\/news\/polygon-pays-record-2m-bounty-for-discovered-bug\">paid<\/a> a white-hat hacker a record $2 million reward for a discovered bug.<\/p>\n<p>Follow ForkLog News on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog Feed<\/a> \u2014 full news coverage, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener\">ForkLog<\/a> \u2014 the most important news, infographics and opinions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto startup Immunefi, which helps DeFi projects launch bug-bounty programs on their platforms, raised $5.5 million in seed funding.<\/p>\n","protected":false},"author":1,"featured_media":51811,"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":[1301,1607,1644,1133],"class_list":["post-51810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-vulnerabilities","tag-bounty","tag-immunefi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51810","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=51810"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51810\/revisions"}],"predecessor-version":[{"id":51812,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/51810\/revisions\/51812"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/51811"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=51810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=51810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=51810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}