• About Us
  • Careers
  • Contact
No Result
View All Result
Monday, July 14, 2025
DeFi Planet
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer
No Result
View All Result
DeFi Planet
No Result
View All Result
Home News Latest News

Kucoin Partners With Hacken to Introduce a Bug Bounty Program Worth $1 Million

27 March 2023
in Latest News, News
Reading Time: 3 mins read
105 4
Kucoin Partners With Hacken to Introduce a Bug Bounty Program Worth $1 Million

Image source: businesswire.com

KuCoin, a cryptocurrency exchange, has announced a partnership with cybersecurity firm Hacken to launch a bug bounty program worth $1 million, the largest reward offered by any cryptocurrency exchange to date.

According to a report, the KuCoin bug bounty program aims to incentivize security researchers to identify and disclose vulnerabilities on their platform, thereby assisting Kucoin in improving its security and how it protects its users’ funds. 

Hacken will assist KuCoin in assessing submissions from researchers and evaluating reward amounts based on the seriousness of each vulnerability.

The report noted that bug rewards would vary between $50 and $1,000,000, and they are divided into four categories: Critical, High, Medium, and Low. Critical bugs will receive a payout of $50,000 to $1,000,000, while High bugs will receive between $2,000 and $49,000. Medium bugs will receive a payout ranging from $500 to $1,999, and Low bugs will receive between $50 and $499. The highest rewards will be given to high-risk vulnerabilities that could compromise the exchange’s infrastructure or user accounts.

Johnny Lyu, KuCoin CEO, stated: 

“At KuCoin, the safety and security of our users is our topmost priority, we are investing heavily in measures that strengthen protections for our users and their funds.”

According to Lyu, teaming up with Hacken and initiating the bug bounty program would allow them to leverage the knowledge and proficiency of the cybersecurity research community to detect and fix potential security weaknesses before they are abused.

Hacken is a reputable consultancy firm specializing in cybersecurity solutions that offers a diverse range of services, such as penetration testing, bug bounty initiatives, and audits for blockchain security

Dmytro Budorin, Hacken Founder and CEO, stated:

“We are excited to partner with KuCoin on this critical initiative and bring our experience managing bug bounty programs for major crypto exchanges.”

KuCoin is a worldwide digital currency exchange headquartered in Seychelles, and it offers services such as spot and margin trading, P2P fiat trading, futures trading, staking, and lending. It has 27 million users across 207 countries and provides over 700 digital assets. 

In 2022, KuCoin raised $150 million in a pre-Series B round, bringing the total investment in the company to $170 million when combined with Round A. The company has a market capitalization of $10 billion.

 

If you want to read more news articles like this, visit DeFi Planet and follow us on Twitter, LinkedIn, Facebook, Instagram, and CoinMarketCap Community.

“Take control of your crypto portfolio with MARKETS PRO, DeFi Planet’s suite of analytics tools.”

Don't miss out!

Subscribe To Our Newsletter

Receive top education news, lesson ideas, teaching tips and more!
Invalid email address
Give it a try. You can unsubscribe at any time.
Thanks for subscribing!
Tags: HackenKuCoin
Share64Tweet40Share11
Favour Udeo

Favour Udeo

Favour is a writer, who is interested in blockchain, DeFi, and Web3 in general. She finds machine learning and emerging technologies interesting.

Related Posts

source: reuters.com
News

Bank of England Governor Warns Stablecoins Threaten Financial Stability

14 July 2025
source: binance.com
Bitcoin

Bhutan Moves Over $12 Million in Bitcoin to Binance Amid Bullish Surge

14 July 2025
source: theblock.co
Bitcoin

Click Holdings Targets $100 Million Crypto Treasury with Bitcoin and Solana

14 July 2025
source: streetfins.com
Ethereum

Ethereum Could Skyrocket to $1.5 Million, EMJ Capital Founder Predicts

14 July 2025

Featured Posts

Is Code Law? The Legal and Moral Implications of Smart Contracts

Is Code Law? The Legal and Moral Implications of Smart Contracts

byFaari Labinjo
24 June 2025
0

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

Multi-Party Computation (MPC) vs. Zero-Knowledge Proofs (ZKPs): Which is the Future of Blockchain Privacy?

byFaari Labinjo
7 June 2025
0

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

Address Poisoning Attacks in Crypto: What They Are and How to Stay Safe

byOlayinka Sodiq
3 June 2025
0

What Is a Bull Trap?

What Is a Bull Trap?

byOlajumoke Oyaleke
3 June 2025
0

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

Breaking Bitcoin’s 21M Limit: Is It Even Possible?

byOlayinka Sodiq
3 June 2025
0

Read More

Chain of Thoughts

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

The Game-changing Triumvirate: Blockchain, Data Science, and Artificial Intelligence

byOlu Omoyele
30 June 2025
0

...

Are Stablecoins Bank Deposits?

Are Stablecoins Bank Deposits?

byOlu Omoyele
31 May 2025
0

...

DAOs and the Coordination of Human Endeavour

DAOs and The Coordination of Human Endeavour

byOlu Omoyele
27 April 2025
0

...

Should DeFi Be Regulated?

Should DeFi Be Regulated?

byOlu Omoyele
27 March 2025
0

...

Markets Update

Your Weekend Crypto Roundup | July 2025 (Week 2)

3 days ago

The Battle for Web3 Infrastructure: Which Platforms are Dominating in Decentralized Storage, Compute, and Identity?

6 days ago

Is Ethereum Losing the Yield Battle?

6 days ago

Dubai Greenlights Region’s First Tokenized Money Market Fund, Pioneering Real-World Asset Digitization

6 days ago

BRICS Digital Currencies & Their Threat to USD-Denominated Stablecoins

1 week ago

The U.S. Crypto Regulatory Pivot: How the FIT21 Bill & ETF Greenlights Are Reshaping Global Policy

1 week ago
Read More

Events

Rare Evo 2025
Rare Evo 2025
6 Aug 25
Las Vegas
CBDC Conference
CBDC Conference
9 Sep 25
Nassau

Spotlight

All about Ethereum
All about Algorand
All about Bitcoin
All about Gora

Press Releases

HeraldEX Defines the Future with Its One-Stop Crypto Platform for Businesses

bychainwire
14 July 2025
0

BSGM Engages CXG to Acquire FINRA/SEC-Registered Broker-Dealer to Expand Publicly Traded RWA Tokenization Operations

bychainwire
14 July 2025
0

MultiBank Group Confirms $MBG Token TGE Set for July 22, 2025

bychainwire
11 July 2025
0

PEPESCAPE Launches Crypto Presale, Combining Memecoin Culture with Decentralized Finance Ecosystem

bychainwire
10 July 2025
0

$MBG Token Pre-Sale Set for July 15 — Only 7 million Tokens Available at $0.35

bychainwire
10 July 2025
0

Read More

ADVERTISING

ABOUT

TEAM

CAREERS

CONTACT

TERMS & CONDITIONS

PRIVACY POLICY

© Copyright 2025 DeFi Planet

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please enter and activate your license key for Cryptocurrency Widgets PRO plugin for unrestricted and full access of all premium features.

Add New Playlist

No Result
View All Result
  • News
    • People
    • Business
    • Crime
    • Regulation
    • Crypto
    • CBDC
  • Markets
    • Bitcoin
    • Ethereum
    • Stablecoins
    • Altcoins
    • Crypto ETFs
    • Memecoins
  • Policy
  • Articles
    • Press Releases
    • Opinion
    • Explainers
    • Guest Post
    • Sponsored
  • Directory
    • Companies
    • People
    • Products
    • Wallets
  • Multimedia
    • Videos
    • Podcasts
  • Learn
    • DeFi Basics
    • Tutorials
    • Reviews
    • Blockchain Fundamentals
  • Research
    • Case Studies
  • Explore
    • DeFi
    • Crypto Gaming
    • NFT
    • DAO
    • Metaverses
    • Glossary
  • Jobs
  • Markets Pro
    • DeFi Planet Pro
    • Spend Crypto
    • Swap Crypto
    • Coin Prices
    • Crypto Exchanges
    • Crypto Analyzer

© Copyright 2024 DeFi Planet   |   Terms & Conditions   |   Privacy Policy

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00