The bug bounty program rewards white-hat hackers for identifying security vulnerabilities in its services, creating an open security collaboration system that proactively addresses potential threats through external expertise. Bithumb was the first domestic virtual asset service provider (VASP) to implement this program in September 2022.
This move is seen as an effort by Bithumb to enhance user trust through voluntary security investments. Rewards will be distributed based on the severity of the vulnerabilities, and participants can conduct black-box penetration tests within the announced scope to identify weaknesses.
Additionally, Bithumb has reorganized its Privacy Center to transparently disclose user data protection activities. The company plans to share information on personal data processing and the outcomes of regular meetings of its information protection advisory committee with users.
A Bithumb representative stated, "We have raised the bug bounty rewards to the highest level in the country to create a safe environment where investors can trade with confidence. We also plan to continue fostering an open security ecosystem."
* This article has been translated by AI.
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