KuCoin Fortifies Security: Introducing a Cutting-Edge Bug Bounty Program in Collaboration with Bugcrowd!

KuCoin, a leading global cryptocurrency exchange, has joined forces with Bugcrowd, a prominent crowdsourced cybersecurity platform, to bolster its security measures. This collaboration aims to fortify KuCoin's platform against potential vulnerabilities through the implementation of a comprehensive bug bounty program.

Bug Bounty Program Launch

KuCoin's partnership with Bugcrowd heralds the introduction of an extensive bug bounty program, aimed at identifying and addressing potential security loopholes across the exchange's platform. This initiative focuses on uncovering critical vulnerabilities within both web and mobile modules.

Securing KuCoin: Bug Bounty Program Focuses on Web and Mobile Vulnerabilities

The bug bounty program targets various vulnerabilities within KuCoin's web modules, including business logic flaws, payment manipulation risks, remote code execution, and sensitive information leakage. Additionally, it addresses a range of OWASP issues such as Cross-Site Scripting (XSS), SQL Injection, and others.

On the mobile front, the program concentrates on identifying vulnerability functions capable of accessing unsafe external links. It also addresses potential exploits of the "Jsbridge/Javascript interface" and other mobile-related susceptibilities that could lead to potential losses for users.

Incentivizing Security: KuCoin and Bugcrowd Introduce Tiered Reward System for Vulnerability Identification

KuCoin and Bugcrowd have implemented a tiered reward system to incentivize security researchers based on the severity of identified vulnerabilities. Rewards range from $10,000 for extreme severity issues to $50 for low severity issues, ensuring that efforts to enhance security are duly recognized and compensated.

Strengthening Security: KuCoin and Bugcrowd CEOs Commit to Safeguarding User Assets

Johnny Lyu, CEO of KuCoin, reiterated the exchange's unwavering commitment to safeguarding user assets and transactions. Emphasizing the importance of security, Lyu stated, "Ensuring the safety of user assets and transactions is an ongoing endeavor to which we are committed."

Bugcrowd CEO Dave Gerry echoed Lyu's sentiments, underlining the significance of trust and security within the cryptocurrency market. Gerry expressed excitement about the partnership, affirming Bugcrowd's dedication to creating a safer trading environment for all users.

KuCoin's collaboration with Bugcrowd marks a significant step towards enhancing the security of its platform through the implementation of a robust bug bounty program. With a focus on identifying and addressing vulnerabilities across web and mobile modules, this initiative underscores the exchange's dedication to prioritizing the safety of user assets and transactions.