<p>When Web3 bug bounty platform Immunefi launched two years ago, CEO and founder Mitchell Amador says the bug bounties weren't great and adoption was slow. But the tides started to turn because even if exploiting a smart contract nets a bigger payday than a bounty, it comes with a huge drawback. "There's a ton of risk when you engage in this, you know, wantonly criminal behavior and steal $200 million from someone else," he said. "There's no way someone's not going to come looking."</p><br><p>For more from Decrypt, visit&nbsp;<a href="http://decrypt.co/" rel="noopener noreferrer" target="_blank">decrypt.co</a>&nbsp;and follow&nbsp;@<a href="https://twitter.com/gmdecrypt" rel="noopener noreferrer" target="_blank">gmdecrypt</a> on Twitter.</p><p>Be sure to join the <a href="https://t.me/gmpodcast" rel="noopener noreferrer" target="_blank">gm Telegram room</a> for direct access to our hosts and guests.</p><br><p>Hosts and guests:</p><br><p>Stacy Elliott</p><p>Twitter: @<a href="https://twitter.com/stacyannj" rel="noopener noreferrer" target="_blank">stacyannj</a></p><br><p>Liam Kelly</p><p>Twitter: @<a href="https://twitter.com/liam_gallas?lang=en" rel="noopener noreferrer" target="_blank">Liam_Gallas</a></p><br><p>Mitchell Amador</p><p>Twitter: @<a href="https://twitter.com/mitchellamador" rel="noopener noreferrer" target="_blank">MitchellAmador</a></p><br><p>Podcast thumbnail art by <a href="https://www.grantkempster.design/new-page" rel="noopener noreferrer" target="_blank">Grant Kempster</a></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>

gm from Decrypt

Decrypt Media: News about Bitcoin, blockchain, Ethereum, NFTs, Web3

gm: Mitchell Amador, Immunefi's White Hat Whisperer

MAY 3, 202353 MIN
gm from Decrypt

gm: Mitchell Amador, Immunefi's White Hat Whisperer

MAY 3, 202353 MIN

Description

<p>When Web3 bug bounty platform Immunefi launched two years ago, CEO and founder Mitchell Amador says the bug bounties weren't great and adoption was slow. But the tides started to turn because even if exploiting a smart contract nets a bigger payday than a bounty, it comes with a huge drawback. "There's a ton of risk when you engage in this, you know, wantonly criminal behavior and steal $200 million from someone else," he said. "There's no way someone's not going to come looking."</p><br><p>For more from Decrypt, visit&nbsp;<a href="http://decrypt.co/" rel="noopener noreferrer" target="_blank">decrypt.co</a>&nbsp;and follow&nbsp;@<a href="https://twitter.com/gmdecrypt" rel="noopener noreferrer" target="_blank">gmdecrypt</a> on Twitter.</p><p>Be sure to join the <a href="https://t.me/gmpodcast" rel="noopener noreferrer" target="_blank">gm Telegram room</a> for direct access to our hosts and guests.</p><br><p>Hosts and guests:</p><br><p>Stacy Elliott</p><p>Twitter: @<a href="https://twitter.com/stacyannj" rel="noopener noreferrer" target="_blank">stacyannj</a></p><br><p>Liam Kelly</p><p>Twitter: @<a href="https://twitter.com/liam_gallas?lang=en" rel="noopener noreferrer" target="_blank">Liam_Gallas</a></p><br><p>Mitchell Amador</p><p>Twitter: @<a href="https://twitter.com/mitchellamador" rel="noopener noreferrer" target="_blank">MitchellAmador</a></p><br><p>Podcast thumbnail art by <a href="https://www.grantkempster.design/new-page" rel="noopener noreferrer" target="_blank">Grant Kempster</a></p><br /><hr><p style='color:grey; font-size:0.75em;'> Hosted on Acast. See <a style='color:grey;' target='_blank' rel='noopener noreferrer' href='https://acast.com/privacy'>acast.com/privacy</a> for more information.</p>