Solana Basis Presents $400,000 Bounty to ‘Flip Off Solana’

The Solana Basis is providing a reward of $400,000 for anybody who can uncover the code that might doubtlessly “flip off Solana.”

This improvement comes whereas SOL’s worth has dipped by 8.4% prior to now week following a number of mentions in Sam-Bankman Pal’s trial.

Jacob Creech Publicizes $400,000 Bounty

Jacob Creech, the Head of Developer Relations for the inspiration, not too long ago took to X to announce a $400,000 bounty for anybody who can uncover the code that might flip Solana off.

Fyi there’s a $400ok reward for anybody that may discover code that may flip off Solana

Please go forward and discover ithttps://t.co/2oxcB0EEyx

— Jacob Creech (@jacobvcreech) October 12, 2023

This supply is part of the Solana Basis’s broader safety bug bounty program, which actively encourages white hat hackers to scrutinize the blockchain for vulnerabilities, with numerous rewards up for grabs.

Amongst these bounties is $2 million in locked SOL tokens, put aside for a 12-month lockup interval, awaiting those that can uncover vulnerabilities similar to theft of funds with out consumer signatures, unauthorized fund transfers, or vote program exploits that drain delegated stakes.

One standout bounty price $1 million is reserved for individuals who can expose the Solana community’s consensus violations or issues of safety. This consists of the not too long ago publicized $400,000 reward, which incentivizes hackers to establish vulnerabilities that might result in distant assaults able to partitioning the Solana community.

As a blockchain hailed as an “Ethereum killer,” Solana acknowledges that no community is proof against vulnerabilities and is decided to deal with these points proactively.

SOL’s Decline Tied to Bankman-Fried Trial Mentions

In the meantime, Bankman-Fried’s prison trial has precipitated a unfavourable affect on SOL, which is the eighth-largest cryptocurrency. SOL’s efficiency has been poor not too long ago, with its present worth at $21.36, down by 8.4% prior to now week, in keeping with CoinGecko data.

This decline could also be linked to its frequent mentions in Bankman-Fried’s trial, by which his lawyer, Mark S. Cohen, mentioned his curiosity on this cryptocurrency throughout the trial.

SOL serves because the forex for transactions on the Solana blockchain, which builders use to create decentralized apps like DeFi lending platforms. Moreover, it was favored by FTX, with its former CEO Bankman-Fried supporting Solana, launching a Solana NFT market, and investing in numerous native tasks.