Coinspeaker
KuCoin Announces Strategic Partnership with Bugcrowd to Enhance Secure Crypto Trading Environment

Top-tier cryptocurrency exchange KuCoin, with more than 30 million global customers, has announced a strategic partnership with Bugcrowd, a leader in crowdsourced cybersecurity. According to the announcement, KuCoin and Bugcrowd will work closely to ensure the cryptocurrency exchange is seamless and more secure.

Furthermore, the Web3 space has become a magnet for Sophia hackers led by North Korea-sponsored cyber attackers dubbed Lazarus Group.

In a bid to incentivize the program, KuCoin and Bugcrowd will issue structured bug bounty rewards that range between $100 to $10K depending on the severity of the identified vulnerabilities.

As for extreme vulnerabilities, KuCoin will reward up to $10K, while critical severity will fetch between $5K and $3K. Medium severity vulnerabilities will fetch between $1K and $2K while low severity will be rewarded between $200 and $400.

“As People’s Exchange, the security of users’ assets is always our top priority. Ensuring the safety of user assets and transactions is an ongoing endeavor we are committed to. Utilizing a community of researchers is vital for advancing our security to...