Bug Bounty Cuts Are Setting Crypto Up For Billion-Dollar Hacks

August 26, 2025

, By Cointelegraph

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Opinion by: Mitchell Amador, founder and CEO of Immunefi

Crypto’s best defense against catastrophic hacks isn’t code — it’s incentives. Bug bounties have prevented billions in losses, and it’s important to emphasize that these billions could have been exploits, not responsible disclosures, if the right incentives hadn’t been set up. This protection only works when the incentives for white hat behavior clearly outweigh those for exploitation, and current market trends are now tilting that balance in dangerous ways.

The scaling bug bounty…

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Bug Bounty Cuts Are Setting Crypto Up For Billion-Dollar Hacks

August 26, 2025

, Published By Cointelegraph

Opinion by: Mitchell Amador, founder and CEO of Immunefi

Crypto’s best defense against catastrophic hacks isn’t code — it’s incentives. Bug bounties have prevented billions in losses, and it’s important to emphasize that these billions could have been exploits, not responsible disclosures, if the right incentives hadn’t been set up. This protection only works when the incentives for white hat behavior clearly outweigh those for exploitation, and current market trends are now tilting that balance in dangerous ways.

The scaling bug bounty…

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Eyebot gets $20M Series A to boost to expand eye care access

Next News

TCS names Amit Kapur as head of newly-formed AI unit, company memo shows

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