Atomic Pockets, a non custodial crypto wallet company, introduced a $1 million malicious program bounty program targeted at ethical hackers who can identify capability security vulnerabilities on its platform.

In a Dec. 18 blog post, the Atomic Pockets team introduced the initiative which would reward contributors based fully on the severity of the security threads they flag. Shall we insist, of us that identify low-threat vulnerabilities will most likely be awarded $500 and of us that flag serious-threat threats will most likely be awarded $10,000.

A $100,000 reward has been promised to any individual who discovers a flaw in Atomic’s infrastructure that might per chance raze up in an assault or drain a wallet with out physical rep genuine of entry to.

“Most contemporary occasions in the blockchain industry include yet again reminded us that cybersecurity is a dynamic field, and basically the most attention-grabbing manner to cease forward is by harnessing the creativity and abilities of the worldwide community,” acknowledged Atomic Pockets Founder Konstantin Gladych in a press free up.

Curiously, the blog makes no mention of the hack it suffered in June, where an estimated $100 million in user funds had been stolen, per blockchain security researchers.

Atomic Pockets is now struggling with off a class-action lawsuit, with the plaintiffs claiming that the team behind the platform changed into conscious about “existing security vulnerabilities as early as 2022 but did no longer seize major safety features or precautions to present protection to user recordsdata and funds.” Attorneys for Atomic Pockets include filed to brush aside the lawsuit.

In a press free up quickly after the hack, the Atomic team claimed that decrease than 0.1% of their customers had been affected, despite the reality that the crypto community has debated the veracity of these claims. Several customers are level-headed ready on an change in regards to the funds stolen from their wallets in June, and include taken to X to say their frustration with the platform.