In order to further protect its network from bad actors, Cardano revealed that if anyone finds and reports any vulnerability on the network to its development team, they will double the bug bounty. According to available information, Cardano’s bug bounty program has a four-tier reward system, primarily for bugs found on the Cardano Wallet or Cardano Node.
Previously, any low-risk vulnerability found in the Cardano wallet would be rewarded with $300, now the reward has been increased to $600. Medium-risk vulnerabilities will receive a reward of $2,000, while high-risk vulnerabilities will receive $6,000, and white hat hackers who find critical vulnerabilities will receive a reward of up to $7,500.
On the other hand, vulnerabilities found on Cardano nodes attract higher rewards. Low-risk vulnerabilities will receive a reward of $800, medium-risk vulnerabilities will receive $4,000, high-risk vulnerabilities will receive $10,000, and critical vulnerabilities will receive $20,000.
Notably, the Cardano Foundation stated that the increased bounty rewards will only last for 6 weeks, from February 14 to March 25, 2022. In the past three months, the foundation has received 11 reports and paid a $2,300 bounty to two hackers who discovered the vulnerability.