Sonic Labs and Immunefi Partnership

Sonic Labs, the team behind the Ethereum Virtual Machine (EVM) layer-1 blockchain Sonic, has partnered with Immunefi, a leading bug bounty platform, to launch a $2 million bug bounty program.

In its announcement on X, Sonic Labs expressed their excitement about the partnership, which comes a few weeks after the Sonic mainnet launch. Several exchanges, including Binance, are supporting the 1:1 Fantom (FTM) to Sonic (S) migration.

According to Sonic Labs, the bug bounties program is essential for the security of both the L1 protocol Sonic and the Gateway bridge. The Gateway connects the new layer-1 blockchain to Ethereum (ETH), enabling users to transfer EVM assets like USDC and Wrapped Ether to the Ethereum network.

Collaboration and Security

Sonic emphasizes that its collaboration with Immunefi and other industry players is crucial for maintaining network security and integrity. Earlier this month, the Sonic Labs team announced the Sonic mainnet launch. At launch, they stated they were working with top industry audit firms, including Open Zeppelin, Quantstamp, and Certora, to ensure the safety of its Gateway bridge.

The partnership with Immunefi aims to provide up to $2 million in bounties for security experts to identify potential vulnerabilities. Sonic plans to release additional details about this collaboration and the bug bounties in the new year.

Immunefi’s Impact

Immunefi, whose bug bounty platform has seen over $110 million paid out to whitehat hackers, also offers opportunities for securing Ethereum, Stacks, and Lombard projects. Bug bounty hunters have access to up to $1.85 million, which includes $1.5 million from a collaboration between Immunefi and the Ethereum Foundation during the Ethereum protocol Attackathon. Stacks serves as a layer-2 platform for smart contracts on BTC, while Lombard is a prominent Bitcoin liquid staking platform.

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