Solana Foundation Offers $400,000 Bounty to ‘Turn 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% previously week following a number of mentions in Sam-Bankman Pal’s trial.

Jacob Creech Broadcasts $400,000 Bounty

Jacob Creech, the Head of Developer Relations for the muse, 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 $400k 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 varied 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 comparable to theft of funds with out person signatures, unauthorized fund transfers, or vote program exploits that drain delegated stakes.

One standout bounty value $1 million is reserved for many who can expose the Solana community’s consensus violations or questions of safety. This consists of the not too long ago publicized $400,000 reward, which incentivizes hackers to determine 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 set to deal with these points proactively.

SOL’s Decline Tied to Bankman-Fried Trial Mentions

In the meantime, Bankman-Fried’s felony trial has brought about a damaging 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% previously week, in response to 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 through the trial.

SOL serves because the foreign money 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 varied native tasks.