Axie Infinity Developer Launches $1M Bug Bounty After $622M Ronin Hack

Sky Mavis, the developer behind Axie Infinity, has launched a bug bounty program after hackers drained $622 million in crypto from the company’s Ethereum sidechain, Ronin, last month. Sky Mavis promises to pay white hats—aka cybersecurity vigilantes—their bounties in Axie Infinity's native token AXS, with a “six month vesting period with monthly unlocks for fatal bounties.” The top bounty of $1,000,000 goes to those who can identify “extraordinarily severe issues or those with extreme impact.”In addition, Sky Mavis is also offering a bounty of $100,000 for identifying “critical” smart contract and blockchain vulnerabilities, alongside bounties of $50,000, $5,000 and $1,000 for risks it deems “high,” “medium,” and “low.”