Earn Rewards of Up to $20,000 with the iBTC/Remedy Bug Bounty Program

At iBTC, we take transparency and security seriously.

As a decentralized, safer wrapped Bitcoin, iBTC opens new avenues for BTC holders to engage in DeFi while leveraging the security of the Bitcoin network.

However, the primary risk associated with such an innovation lies in the smart contracts that power it.

Acknowledging this, we've partnered with Remedy to launch a bug bounty program to identify and resolve potential vulnerabilities in our EVM smart contracts.

Dive into the iBTC smart contracts and put your skills to the test - visit the Remedy platform to submit your findings and earn up to $20,000 in rewards!

The iBTC/Remedy Bug Bounty Program Overview

We are excited to announce the launch of our bug bounty program, designed to ensure that our smart contracts are robust, secure, and free from any vulnerabilities.

The program reflects our proactive security approach and commitment to engaging the broader community in safeguarding our platform.

In collaboration with Remedy, one of the leading Web3 cybersecurity platforms, we invite developers, security researchers, and ethical hackers to participate in this program.

By doing so, you contribute to the security of our ecosystem and earn significant rewards.

How to Participate

Participating in the iBTC/Remedy bug bounty program is straightforward.

Here's a general step-by-step guide to get you started:

Step 1: Review Documentation

Review iBTC's documentation to understand the smart contract's purpose, functionality, and intended user interactions.

This will give you a solid foundation upon which to build your analysis. Visit our resource page for comprehensive documentation and insights.

Step 2: Form an Attack Model

Once you thoroughly understand the documentation, it's time to form an attack model. This involves thinking through various scenarios:

• Happy Scenarios: Consider situations where everything works as expected. This will help you understand the intended functionality and user interactions.

• Dangerous Scenarios: Think about situations where things could go wrong. Identify potential pitfalls and vulnerabilities in the smart contract's logic that could lead to undesirable outcomes.

Step 3: Perform a Line-by-Line Code Review

Clone the iBTC code to your local machine and use your preferred integrated development environment (IDE) with specialized extensions for smart contract auditing.

Carefully review the code, looking for any vulnerabilities malicious actors could exploit.

Step 4: Think and Act like an Attacker

This step requires creativity and strategic thinking.

Put yourself in the mindset of an attacker and think outside the box to identify potential vulnerabilities.

Consider how you might break the system and anticipate possible attack vectors.

Step 5: Submit Your Bug Report

After conducting your analysis and identifying any vulnerabilities, log in or sign up on the Remedy platform to submit your bug report.

Ensure your report includes all necessary details, and for high/critical severity bugs, include a runnable Proof of Concept (PoC) to demonstrate the impact.

Rewards

The rewards for identifying vulnerabilities in our smart contracts are based on the severity of the bug found.

Here's how the rewards are structured:

• Critical Bugs: Discovering a crucial bug can earn you between $10,000 and $20,000.

• High Severity Bugs: Finding a high-severity bug could result in a reward between $5,000 and $10,000.

• Medium Bugs: Identifying a medium-severity bug can earn you up to $5,000.

• Low and Informational Bugs: Low and informational bugs are not eligible for rewards but are still valuable to improving our platform's security.

All payouts are handled directly by the iBTC team and are denominated in USD.

We invite all developers, security experts, and ethical hackers to join us in securing iBTC.

Review our smart contracts and submit your findings on the Remedy platform. Together, we can build a more secure DeFi ecosystem. Don't miss this opportunity to contribute and earn rewards!

About Remedy

Remedy is a Web3 security platform dedicated to supporting white hackers and enhancing the security of the Web3 ecosystem.

They address critical cybersecurity challenges and help navigate potential pitfalls for the greater good.

Remedy’s mission is to contribute to the evolution of the Web3 landscape by actively sharing knowledge, fostering collaboration, and championing best security practices. 

They also offer free access to their revolutionary tool Glider that allows security researchers to scan for vulnerabilities across entire EVM integrated blockchains at breakneck speed. 

Join Remedy’s Discord community to learn more about it.

About iBTC

iBTC is on a mission to bring the power of Bitcoin to the DeFi world while upholding Bitcoin's core principles of decentralization and security.

By leveraging Discreet Log Contracts (DLCs), iBTC creates a trust-minimized bridge between Bitcoin and Ethereum, enabling Bitcoin holders to participate in yield-generation activities without sacrificing control over their assets.

This innovation allows Bitcoiners to stake, borrow, lend, and hedge on Ethereum while self-custoding their Bitcoin.

To ensure the security of our platform, iBTC has undergone four comprehensive security audits by reputable firms, including MetaTrust and CoinFabrik.

These audits have helped us strengthen our codebase, but we recognize that security is ongoing.

That's why we have partnered with Remedy/Hexens to launch this bug bounty program as an additional layer of protection.

Review iBTC's smart contracts now and visit the Remedy platform to submit your report for a chance to win up to $20,000 in rewards.