{"id":67625,"date":"2022-09-24T13:59:18","date_gmt":"2022-09-24T10:59:18","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=67625"},"modified":"2025-09-07T07:39:02","modified_gmt":"2025-09-07T04:39:02","slug":"immunefi-bug-bounty-platform-raises-24-million-in-series-a","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/immunefi-bug-bounty-platform-raises-24-million-in-series-a\/","title":{"rendered":"Immunefi bug-bounty platform raises $24 million in Series A"},"content":{"rendered":"<p>The crypto startup Immunefi, which helps DeFi projects launch bug-bounty programs on their platforms, closed a $24 million Series A round.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">We\u2019ve just raised our Series A. <\/p>\n<p>So far, we\u2019ve paid out $60 million in bounties to some of the world\u2019s best hackers and saved $25 billion from being hacked in web3. <\/p>\n<p>Expect many more big things from us in the future. <\/p>\n<p>Let\u2019s secure web3 together. <a href=\"https:\/\/t.co\/X2P0fibqxo\">https:\/\/t.co\/X2P0fibqxo<\/a><\/p>\n<p>\u2014 Immunefi (@immunefi) <a href=\"https:\/\/twitter.com\/immunefi\/status\/1572937963583033344?ref_src=twsrc%5Etfw\">September 22, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The funding round was led by Framework Ventures with participation from Electric Capital, Polygon Ventures, Samsung Next, P2P Capital, North Island Ventures, Third Prime Ventures, Lattice Capital and Stratos DeFi.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u00abWe have paid $60 million in rewards to some of the world&apos;s best hackers and saved $25 billion from hacks in Web3\u00bb, Immunefi said.<\/p>\n<\/blockquote>\n<p>The funds will be used to develop a new version of the platform, expand the team from 50 to 100 people, and increase the rewards for \u201cwhite-hat\u201d hackers.<\/p>\n<p>As reported by Immunefi, in the first quarter of 2022 crypto projects lost more than $1.22 billion due to hackers and fraudsters. The figure was up 695% from the previous year.<\/p>\n<p>By the end of the second quarter, total losses in the digital-asset industry <a href=\"https:\/\/forklog.com\/en\/news\/crypto-projects-lose-over-670-million-to-hacks-in-q2\">stood at $670 million<\/a>, according to the firm&apos;s analysts.<\/p>\n<p>In October 2021, Immunefi <a href=\"https:\/\/forklog.com\/en\/news\/immunefis-bug-bounty-platform-raises-5-5-million\">raised $5.5 million<\/a> in seed funding.<\/p>\n<p>Read ForkLog&apos;s bitcoin news in our <a href=\"\/\/telegram.me\/forklog\" target=\"\u201c_blank\u201d\" rel=\"\u201cnofollow\u201d noopener\">Telegram<\/a> \u2014 cryptocurrency news, prices and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto startup Immunefi, which helps DeFi projects launch bug-bounty programs on their platforms, closed a $24 million Series A round.<\/p>\n","protected":false},"author":1,"featured_media":67626,"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":[1607,1644,1133],"class_list":["post-67625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bounty","tag-immunefi","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67625","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=67625"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67625\/revisions"}],"predecessor-version":[{"id":67627,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/67625\/revisions\/67627"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/67626"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=67625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=67625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=67625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}