
Circle and Tether bug bounties aren’t enough says LlamaRisk
Multi-billion dollar stablecoin giants Circle and Tether are being grilled by a DeFi risk management firm over their allegedly “inadequate” bug bounty programs that fail to exceed $10,000. LlamaRisk published the report on September 1, which assessed the bug bounty programs for crypto assets listed on Aave’s V3 Protocol. It found that 33 assets, making up $19.7 billion of Aave’s supply, have “adequate” bug bounty programs. Ten assets representing $19.2 billion of Aave’s supply, however, either have no program or are “vastly insufficient.” LlamaRisk says Circle, despite managing $70 billion in assets, has a “vastly insufficient” bug bounty of $5,000.…








