Uniswap Labs Announces Bug Bounty Program with Rewards Up to 2.25 Million USDC

Uniswap ($UNI) Labs has officially launched a Bug Bounty Program (“the Program”). The initiative aims to encourage ethical hackers and security researchers to identify and report vulnerabilities in Uniswap’s deployed contracts. Rewards for successful bug disclosures can reach up to 2,250,000 USDC, depending on the severity of the issue.

Scope of the Program

The Program specifically targets vulnerabilities in Uniswap’s deployed contracts, including but not limited to:

Universal Router Contract Code

Permit2 Contract Code

V3 Contract Code

UniswapX Contract Code

However, if a bug is discovered in a Uniswap smart contract outside of these repositories and poses a risk to user funds, it will be considered in-scope for the Program.


The Program does not cover:

  1. Third-party contracts not under Uniswap’s direct control
  2. Issues already listed in audits for the above contracts
  3. Bugs in third-party contracts or applications that use Uniswap contracts
  4. The Uniswap DAPP, web interface, or other non-contract related materials

Reward Structure

Uniswap Labs has categorized the severity of potential issues into four levels:

  1. Critical Issues: Impacting numerous users and posing serious reputational, legal, or financial risks.
  2. High Issues: Affecting individual users and posing moderate financial risk.
  3. Medium Issues: Posing relatively small risks and not threatening user funds.
  4. Low/Informational Issues: Relevant to security best practices but not posing an immediate risk.

The rewards will be allocated based on this severity scale and the likelihood of the bug being exploited, as determined solely by Uniswap Labs.

Disclosure Protocol

All vulnerabilities must be reported to Uniswap Labs via the designated email: security+bugbounty@uniswap.org. Public disclosure of the vulnerability is prohibited until Uniswap Labs has resolved the issue and granted permission for public disclosure.

Eligibility Criteria

To be eligible for a reward, the reporter must:

  1. Discover a unique, previously-unreported vulnerability within the scope of the Program.
  2. Be the first to disclose the vulnerability to Uniswap Labs.
  3. Provide sufficient information for the vulnerability to be reproduced and fixed.
  4. Comply with all other terms and conditions of the Program.

Final Remarks

Uniswap Labs retains the sole discretion to alter the terms and conditions of the Program at any time. By participating in the Program, you grant Uniswap Labs the rights needed to validate, mitigate, and disclose the vulnerability.

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Breaking: Vitalik Buterin’s First MKR Sale for ETH in Two Years Sparks Market Speculation

Vitalik Buterin, co-founder of Ethereum, just executed a significant transaction involving the sale of 500 Maker (MKR) tokens, valued at approximately $581,000, in exchange for 350 Ether (ETH). The transaction was conducted through the decentralized exchange CoWSwap and marks the first time Buterin has sold MKR tokens in two years. Following the sale, the received ETH was transferred to the address prefix 0x3f6. 

The transaction has drawn attention due to its potential implications for both MKR and ETH markets.

Market Context

At the time of writing, Maker (MKR) is trading at $1,142, while Ether (ETH) is priced at $1,635, according to Binance.

Maker (MKR) is a governance token associated with MakerDAO, a decentralized autonomous organization on the Ethereum blockchain. MKR has seen a significant price fluctuation over the past few months, surging over 100% from its lowest point of $511 on June 10, 2023, to a peak of $1,370 on August 20, 2023. This dramatic surge in MKR’s value has been linked to market maker DWF, who is characterized as a “bad guy” in the industry.

Historical Significance

The trading activities of Vitalik Buterin and the Ethereum Foundation have historically been key indicators for the cryptocurrency market. Sales by Buterin have often been followed by market downturns, making this recent transaction particularly noteworthy.

Market Implications

Buterin’s decision to sell MKR could be seen as a bearish signal for the token. However, the fact that he chose to exchange MKR for ETH complicates market sentiment. This dual action could be interpreted in various ways, but it generally suggests that MKR may be overvalued, while ETH could be undervalued.

Vitalik Buterin’s recent MKR sale and subsequent ETH acquisition could sparke discussions about the valuation of both tokens. While the market has yet to show a significant reaction, the transaction serves as a focal point for ongoing analysis and speculation.

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Shiba Inu Shibarium Wallets Top 1 Million, Yet SHIB Price Faces Uncertainty

Key Takeaways

Shibarium, Shiba Inu’s Layer 2 network, crosses 1 million wallet addresses.

Over 700,000 transactions have been completed on the network.

Despite rapid adoption, the SHIB token faces potential price volatility.

Shiba Inu’s Layer 2 network, Shibarium, has crossed a significant threshold, boasting over 1 million wallet addresses and completing more than 770,000 transactions as of September 2, 2023. The data comes from Shibariumscan, the Shibarium network’s official block explorer. The milestone follows an announcement by Shiba Inu’s lead developer, Shytoshi Kusama, confirming that the Shibarium mainnet and its cross-chain bridges became fully operational on August 28, 2023.

Shibarium’s Strategy with Scalability Concern

Shibarium, a fork of Polygon, initially grappled with scalability issues. The network’s fail-safe mode was activated due to an unprecedented surge in user activity shortly after its launch. “Nearly half of the platform’s monthly allocation of 400 million compute units was consumed within just 30 minutes of its launch,” according to internal data. However, collaborations with teams like Alchemy led to a 1500% scaling of operations, stabilizing the network’s ability to handle its growing user base.

Shytoshi Kusama stated on August 28 that the Shibarium mainnet and its cross-chain bridges are “functioning smoothly.” Users can now complete withdrawals of various assets, including ETH, Shib, Leash, and WEth, within a time frame of 45 minutes to 3 hours. However, withdrawals involving Bone, the network’s native token, may take up to 7 days.

The Layer 2 network aims to alleviate congestion and high fees on the Ethereum mainnet. Shibarium’s rapid adoption is in line with the growing trend of Layer 2 solutions in the crypto space, which offer scalability and lower transaction costs. These features are particularly beneficial for decentralized finance (DeFi) applications and non-fungible tokens (NFTs).

4-Hour Chart: 99-Period Moving Average as a Strong Resistance

While this suggests a promising future for the network, the $SHIB token is grappling with its own set of challenges, particularly in terms of price stability.

In the shorter time frame of the 4-hour chart, the 99-period Moving Average stands out as a formidable resistance line for $SHIB. This technical indicator has consistently acted as a ceiling for the token’s price, making it a critical level to watch for traders. The overall market environment appears permissive, indicating that there’s a likelihood for the price to decline further. Investors should exercise caution as the asset nears this resistance, as a failure to break above could signal a bearish trend.

Daily Chart: Upward Trending Line Offers Robust Support

On the flip side, the daily chart offers a more optimistic outlook. An upward trending line, currently pegged at a price of 0.0000077, serves as a robust support level for $SHIB. This line has historically acted as a floor for the token’s price, providing a safety net during market downturns. It is crucial for investors to monitor this level closely; a break below it could trigger a significant price drop, potentially leading to a deep plunge in $SHIB’s market value.


The $SHIB token is currently navigating a complex technical landscape, caught between a strong resistance level on the 4-hour chart and a crucial support level on the daily chart. As Shibarium continues to grow, the token’s price dynamics remain uncertain. Both the 99-period Moving Average and the upward trending line at 0.0000077 are key technical levels that could dictate the token’s future price action. Investors and traders should keep a close eye on these indicators to make informed decisions.

TA with support from “Trade Wise“.

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Ethereum Alert: High Win Rate ETH Whale Eyes New Trading Opportunity After Experiencing First Loss

An astute Ethereum (ETH) whale with a high win rate, identified by the address 0xb15485a37a1e6759f0dff1bdccfc27c2c96c8b2e, transferred 6.3 million USDT back to Binance today, September 2, 2023, according to EmberCN, a crypto analysis Twitter account.


Source: ethplorer

This move has sparked speculation that the whale may be eyeing new buying opportunities. Known for a “buy low, sell high” strategy, the whale had been on a profitable streak since May 2023, successfully executing five trades before encountering a setback in August.

First Significant Loss

On August 14, 2023, the whale moved 22,340 ETH, valued at $41.1 million, into Binance and withdrew 12.88 million USDT just 20 minutes later. Following this transfer, the ETH price fell from $1,844 to $1,834.5, suggesting that the whale’s ETH holdings were likely partially or fully sold.

The investor triggered a stop-loss at $1,840 per ETH, resulting in a liquidation of 22,340 ETH. This investment cycle lasted one and a half months and led to a loss of approximately $1.27 million, or 2.7%.


Source: etherscan

After the stop-loss was triggered, the ETH price continued to decline for three consecutive days, culminating in a significant crash on August 17, 2023, when ETH fell by over 14% in a single day. At the time of writing, the ETH price stands at around $1,635.

Previous Trading Records

On June 28, 2023, the whale transferred 25,000 ETH ($47.25 million) purchased between June 8-10 into Binance in the early morning, aiming to realize a profit of $2.05 million.

At 0:30, when ETH rose to $1,890, the transfer to Binance was made.

By 1:00, ETH had reached its peak and began to decline.

At 2:00, the whale withdrew 15.9 million USDT from Binance.

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CyberConnect Rejects Proposal CP-1 After CYBER Coin Dropped Over 40%

CyberConnect, a blockchain project focused on decentralized social protocol championing identity sovereignty for mass adoption and network effects, announced the rejection of its much-anticipated snapshot proposal CP-1. The official Twitter account of CyberConnect @CyberConnectHQ stated,

There was a mistake in the snapshot proposal CP-1 and so it was rejected. The intended usage of Community Treasury for providing liquidity was 1,088,000 CYBER which was unlocked already.

What The Proposal CP-1 Says

The primary objective of proposal CP-1 was to enhance the liquidity of the CYBER token across Ethereum (ETH), Binance Smart Chain (BSC), and Optimism networks. It states:

To optimize CYBER liquidity across ETH, BSC, Optimism networks, we propose a series of active balancing strategies for CYBER token on these networks. 

The proposal outlined a series of active balancing strategies, including:

Deployment of Bridges: The plan was to deploy CYBER-ETH, CYBER-BSC, and CYBER-OP bridges, powered by LayerZero’s ProxyOFT. This would have allowed users to bridge CYBER tokens from any chain to another via Stargate. LayerZero Documentation

Utilization of Community Treasury: The CyberConnect foundation intended to use 1,088,000 unlocked CYBER tokens from the Community Treasury to provide liquidity for these bridges. The foundation aimed to maintain 25,000 CYBER in each of the CYBER-ETH, CYBER-BSC, and CYBER-OP bridges.

Supply Maintenance: In case of liquidity issues on any of the networks, the foundation would burn and mint CYBER tokens across chains to maintain a balanced supply. The total supply of CYBER tokens across all chains would remain constant at 100,000,000.

Market Reaction: A 40% Drop in CYBER Token Value

Following the announcement of the proposal, the value of CyberConnect’s native token, CYBER, experienced a sharp decline, plummeting over 40% within hours. This has raised concerns among traders that the CyberConnect project owners and early investers would like to dump CYBER. However, upon the subsequent rejection of the proposal, the CYBER token experienced a slight rebound in price.

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USDC will integrate into Polkadot, NEAR, Base, Cosmos’ Noble, and Optimism this September

Circle, the company behind the USDC stablecoin, is set to expand its digital dollar to six new blockchain ecosystems. The move comes as part of Circle’s “Stable September” initiative and aims to provide developers and businesses with a more versatile and secure stablecoin experience. The expansion will increase USDC’s native availability from nine to fifteen blockchain ecosystems.

Multi-Chain Expansion of USDC

Circle has announced that it will extend the reach of its USDC stablecoin to five new blockchain ecosystems in September, including Base, Cosmos via Noble, NEAR, Optimism, and Polkadot. A sixth addition, Polygon PoS, is slated for October. This expansion follows Circle’s recent launch of its Cross-Chain Transfer Protocol (CCTP) on mainnet and the introduction of its Web3 Services pillar and Programmable Wallets.

According to Circle, “the expansion of USDC to six new blockchain ecosystems enables developers to build on a stable foundation with a fully reserved digital dollar they can trust.” This move is expected to offer businesses and their users a “faster, safer, and more efficient way to send, spend, and exchange value around the globe.”

Supporting Blockchains Detailed


Base is an Ethereum Layer 2 solution designed to onboard the next million developers and billion users. It is built on OP Stack in collaboration with Optimism and is currently incubating at Coinbase. Base aims to serve as an easy-to-use bridge for Coinbase users.


NEAR is a high-performance blockchain that offers frictionless user onboarding and a unique scaling solution built on sharding technology. The integration of USDC into NEAR aims to “empower developers to integrate stablecoin payments flows into JavaScript or Rust-based decentralized applications.”


Noble is an appchain in the Cosmos ecosystem focused on simplifying asset ownership and transfer within the Inter-Blockchain Communication (IBC) ecosystem. USDC issued on Noble will be accessible to dozens of appchains via a seamless IBC integration.


Optimism is an Ethereum Layer 2 solution that utilizes Optimistic Rollup technology to improve transaction throughput. The integration is expected to result in “significantly faster and lower-cost USDC transactions.”


Polkadot aims to facilitate an internet where independent blockchains can exchange information in a trustless manner. Circle plans to bring USDC to Polkadot via the Asset Hub parachain.

Polygon PoS

Polygon PoS complements Ethereum’s decentralized security and aims to appeal to the general public while maintaining decentralization.


The expansion of USDC to six new blockchains is a significant step in Circle’s commitment to delivering a stablecoin with the “widest reach, developer optionality, and the simplest, most secure user experience.” With this move, Circle continues to solidify its position as a leader in the stablecoin market.

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Crypto Lending Firm Delio Faces Regulatory Sanctions for Compliance Failures in South Korea

Delio, a South Korean crypto asset management firm holding dual licenses as a Virtual Asset Service Provider (VASP) in Korea and a Money Services Business (MSB) in the U.S., has been hit with a three-month business suspension and a fine of KRW 1.896 billion (approximately $1.6 million USD) by the Financial Services Commission’s Financial Intelligence Unit (FIU). The regulatory body announced the punitive measures on September 1, citing multiple violations of financial transaction laws.

Regulatory Scrutiny

The FIU stated that Delio failed to comply with various obligations under the Act on Reporting and Using Specified Financial Transaction Information. Specifically, the firm neglected to report transactions with unregistered virtual asset service providers (VASPs), failed to assess money laundering risks before launching new products and services, and did not fulfill customer verification requirements. According to the FIU, “Delio supported the transfer of customer assets to unreported foreign virtual asset service providers 171 times and also supported the storage activities of these unreported VASPs.”

Operational Impact

Despite its regulatory credentials, Delio recently halted customer withdrawals, raising questions about its operational integrity. The company had been offering virtual asset deposit services with annual interest rates of up to 10.7%. However, the firm abruptly halted customer withdrawals in June, prompting an investigation by the FIU and subsequent legal action.

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