City, December 4, 2024 – Crypto.com has announced an upgrade to its bug bounty program in partnership with HackerOne, now offering rewards of up to USD $2 million for reporting security vulnerabilities, marking a significant milestone in the crypto industry.
With a user base exceeding 100 million customers globally, Crypto.com has established itself as a leader in regulatory compliance, security, and privacy within the cryptocurrency sector. The upgraded bug bounty program is the first of its kind to reach a $2 million reward threshold, underscoring the company’s commitment to security.
“Security and compliance are at the foundation of everything we do at Crypto.com,” stated Kris Marszalek, CEO of Crypto.com. He emphasized the importance of maintaining a focus on core principles as the company and industry evolve. Kara Sprague, CEO of HackerOne, noted that the program aims to identify critical security gaps proactively, reinforcing system integrity and customer trust.
Chris Evans, CISO and Chief Hacking Officer of HackerOne, praised Crypto.com’s dedication to engaging with the ethical hacking community, stating that the company’s program not only adheres to best practices but also sets a new standard in the industry. Jason Lau, Chief Information Security Officer at Crypto.com, highlighted the ongoing need for security improvements and the company’s partnership with ethical hackers as integral to their security strategy.
In addition to the bug bounty program, Crypto.com has achieved multiple cloud security and privacy certifications, including SOC2 Type 2 and PCI DSS 4.0 in 2023, showcasing its commitment to consumer protection and security assurance.
The launch of this record-breaking bug bounty program reflects Crypto.com’s ongoing efforts to enhance security measures and protect its customers in an increasingly complex digital landscape.
