The Ethereum Basis and malicious program bounty platform Immunefi indulge in teamed up to open a security audit competitors dubbed the “Attackathon” that objectives to be “the largest crowdsourced security audit.”

In a blog put up on July 8, the Ethereum Basis mentioned the four week occasion would possibly maybe well be birth to builders and projects, who are invited to participate in a time-skedaddle audit to hunt vulnerabilities within the Ethereum protocol’s code.

The Ethereum Basis has seeded the reward pool with an preliminary $500,000, but has a purpose of elevating extra than $2 million from contributors unless Aug. 1, when the remaining pool will be locked.

The backed pool will deposit straight away into the Attackathon vault on Immunefi, which has been designed to transparently gift the allocation of a program’s funds and streamline the associated rate process between projects and security researchers, based utterly mostly on an announcement.

Ethereum’s protocol security evaluate lead Fredrik Svantes commented that the group was as soon as “exasperated to open the main audit competitors focusing on the protocol itself” as piece of their efforts to extra acquire the protocol.

“High performing whitehats would perhaps indulge in their abilities identified in front of your complete Ethereum neighborhood,” mentioned Immunefi on X.

The hackathon is the 2nd to be announced by Immunefi this week — the platform is facilitating a $1 million malicious program bounty reward pool for builders that establish bugs in a brand new Solana validator client built by Jump Crypto.

The largest malicious program bounty on portray was as soon as a $15 million reward pool from LayerZero closing Might perhaps perhaps maybe. The inaccurate-chain messaging protocol also partnered with Immunefi to discipline it up, with serious vulnerability payouts earning builders a minimum of $250,000 and a most of $15 million for discovering bugs in “group one” chains comparable to Ethereum and Avalanche.

So far, Immunefi claims to indulge in paid out extra than $100 million in bounties and averted $25 billion in hack hurt.