KEY TAKEAWAYS
- Coinbase launches a $5 million bug bounty program to enhance onchain security.
- The initiative focuses on identifying vulnerabilities in smart contracts deployed by Coinbase.
- Collaboration with Cantina strengthens Coinbase’s security efforts and opens its products to global researchers.
Coinbase has announced a new bug bounty program with rewards of up to $5 million, focusing exclusively on onchain vulnerabilities. This initiative aims to connect with the broader onchain security research community and enhance the security of Coinbase’s decentralized products. The program was announced here on July 8, 2025.
Security is a foundational aspect of Coinbase’s operations, integrated into every stage of product development. The company has a history of engaging with the security research community, having awarded over $2.3 million in bounties through its existing programs. The new initiative is hosted on Cantina, a platform known for its smart contract audits, which have complemented Coinbase’s internal audits over the years.
Focus on Onchain Vulnerabilities
The new bug bounty program targets onchain vulnerabilities, specifically those related to smart contracts deployed by Coinbase. By inviting security researchers to identify and responsibly disclose vulnerabilities, Coinbase aims to safeguard user funds and contribute to the resilience of its decentralized products. The program is one of the largest on Cantina, further solidifying the partnership between the two entities.
Collaboration with Cantina
Cantina has been a significant partner for Coinbase in the onchain security space. The collaboration has strengthened Coinbase’s security posture, and the launch of the bug bounty program on Cantina opens up Coinbase’s onchain products to a global pool of researchers. This partnership is expected to enhance the security of Coinbase’s diverse suite of products, which aims to bring a billion people onchain.
Why This Matters: Impact, Industry Trends & Expert Insights
Coinbase has launched a $5 million bug bounty program aimed at uncovering onchain vulnerabilities in its decentralized products, marking a significant step in enhancing its security measures.
Recent industry reports indicate that blockchain bug bounty programs are experiencing significant growth and innovation, characterized by record-high individual bounty rewards and expanded community engagement. This aligns with Coinbase’s initiative to safeguard user funds and contribute to the resilience of its decentralized products.
A Bishop Fox report highlights the value of expert triage in managing vulnerability reports, which helps Coinbase focus on critical issues by filtering out noise. This supports Coinbase’s efforts to improve its security posture through the new bug bounty program.
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