Friend.tech Bug Bounty Program Is Initiated With Rewards 1M USDC

Key Points:

• Friend.tech bug bounty program has been launched to identify and address security vulnerabilities.
• The program offers rewards of up to 1 million USDC, with payouts based on the severity of reported flaws.
• Participants must report vulnerabilities within 24 hours and refrain from public disclosure until Friend.tech has addressed the issue and granted permission for disclosure.

Friend.tech, a cryptocurrency-infused social media platform, has introduced a bug bounty program to identify and address potential security vulnerabilities. The program offers rewards up to 1 million USDC, with payouts based on the severity of the reported flaws.

Friend.tech Bug Bounty Program Entices Security Researchers

Friend.tech bug bounty program categorizes vulnerabilities into four levels:

• Critical: Issues with widespread impact and severe reputational, legal, or financial consequences.
• High: Issues affecting individual users with moderate reputational, legal, or financial risks.
• Medium: Issues posing relatively small risks and no threat to user funds.
• Low/Informational: Issues not posing an immediate threat but related to security best practices.

Participants must refrain from public disclosure of vulnerabilities until Friend.tech has been notified, addressed the issue, and granted permission for disclosure. Reporting must occur within 24 hours of discovery.

Friend.tech Seeks Security Savvy Individuals to Uncover Vulnerabilities

Friend.tech bug bounty initiative follows a similar move by blockchain security platform Immunefi, which launched an on-chain system called “Vaults” for bug bounty payouts.

Friend.tech is a mobile-based social media platform that integrates cryptocurrency elements. Described as “the marketplace for your friends,” the app requires an invite code from existing users to sign up, similar to other beta-stage social media platforms like BlueSky. In essence, Friend.tech gives each user access to a Telegram-like chat group. Others need to purchase shares in a user in order for them to access that person’s exclusive group conversation.

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