• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
CoinLaw LogoCoinLaw

Bringing Crypto & Finance Closer to You

  • Latest News
  • Statistics
  • About
  • Contact
Subscribe
CoinLaw Logo
Subscribe To Our Newsletter
Home » Cryptocurrency

Paxos Offers $1M Reward to Find Critical Crypto Vulnerabilities

Published on: March 27, 2026
Kathleen Kinder
Written By
Kathleen Kinder
Kathleen Kinder
Senior Editor • 1,371 Articles
Kathleen Kinder brings over 11 years of experience in the research industry, with deep expertise in finance, cryptocurrency, and insurance. ... See full bio
LATEST POSTS:
MARA Sells Bitcoin to Cut $1B Debt, Stock Jumps 10%
Coinbase Launches Crypto Backed Mortgages With Better
Anchorage Digital Adds TRON Support for Institutional Investors
Barry Elad
Reviewed By
Barry Elad
Barry Elad
Founder & Senior Journalist • 477 Articles
Barry Elad is a finance and tech journalist who loves breaking down complex ideas into simple, practical insights. Whether he's exploring fi... See full bio
LATEST POSTS:
Crypto Exchange Hacks and Security Statistics 2026: Cyber Risk Trends
S&P Global Statistics 2026: Shocking Growth Data
Blockchain in Energy Trading Statistics 2026: How Blockchain is Transforming the Market
Paxos Offers 1m Reward To Find Crypto Vulnerabilities
As Featured In
FortuneYahoo! FinanceCoinDeskSeeking AlphaCoin Market Cap
Share on LinkedIn ChatGPT Perplexity Share on X Share on Facebook

Paxos has launched a $1 million bug bounty program to invite global security researchers to identify critical flaws across its crypto and web infrastructure.

Key Takeaways

  • Paxos commits $1 million to reward researchers for discovering high impact vulnerabilities.
  • Program covers PYUSD, PAXG, USDG smart contracts along with Web2 systems like APIs and domains.
  • Top reward reaches $1 million for critical findings affecting core infrastructure.
  • Initial rollout is invite only via Cantina, with plans to expand access later.

What Happened?

Paxos announced a major bug bounty initiative on the Cantina platform, aiming to strengthen its infrastructure by inviting security experts to test its systems. The program spans both blockchain-based assets and traditional web services, reflecting a broader security approach.

The move follows Paxos’s earlier commitment to the Aave and LlamaRisk communities when it launched USDG on Aave v3, reinforcing its promise to expand external security testing.

Today, we’re thrilled to launch the $1,000,000 bug bounty program in partnership with @Paxos.

Operating in a highly regulated environment demands rigorous security, and Paxos is setting the gold standard for engineering excellence.

We’re here for it 🪐 pic.twitter.com/Ni3aSsvJPI

— Cantina 🪐 (@cantinaxyz) March 27, 2026

Paxos Expands Security Efforts With $1M Incentive

Paxos is putting serious money behind its security strategy. The company has committed $1,000,000 in rewards, with the highest payout reserved for vulnerabilities that could significantly impact its systems.

This is not just a symbolic initiative. Paxos is actively encouraging top tier security researchers to deeply analyze its infrastructure and uncover hidden risks. Rewards will be paid in Paxos issued stablecoins, aligning incentives with its ecosystem.

The company currently manages over $8 billion in issued tokens, making security a critical priority as it operates under high regulatory standards, including holding an OCC national trust charter.

Wide Scope Across Web2 and Web3 Systems

Unlike many crypto bug bounty programs that focus only on smart contracts, Paxos has taken a more comprehensive approach.

The scope includes:

  • Web3 systems, such as smart contracts for PYUSD, PAXG, and USDG, along with cross-chain infrastructure.
  • Web2 components, including public facing products, APIs, and domains.

This broader scope reflects how real world attackers operate, targeting multiple layers of infrastructure rather than isolated components.

By covering both environments, Paxos aims to identify edge cases and complex vulnerabilities that may otherwise go unnoticed in traditional audits.

Newsletter Img
Don't chase the news. Let us curate it.

You get one weekly briefing with only the stories that matter. If the market is quiet, we skip it.

✅ Join readers from Visa, Vanguard, and the FDIC.

Partnership With Cantina and Initial Invite Only Access

The bug bounty program is being launched on Cantina, a platform known for its Web3 focused security researcher community.

During the initial rollout phase, participation is limited to an invite only group of researchers already active on Cantina. Paxos plans to gradually open the program to a wider audience after this early phase.

Eric, Paxos Chief Information Security Officer, explained the choice of platform, stating:

“

We chose Cantina for their web3-native focus and a researcher community with the niche expertise to assess our contracts and services holistically, with context for our unique threat surface.

EricChief Information Security Officer Paxos

Researchers who are not yet part of the network can request access through the program page as Paxos prepares for broader participation.

Delivering on Security Commitments

The launch also fulfills Paxos’s earlier assurances made during the rollout of USDG on Aave v3. At the time, the company committed to enhancing external security validation in collaboration with partners like Aave and LlamaRisk.

This bug bounty program adds another layer to Paxos’s existing security framework, which already includes:

  • Design and code reviews
  • Third party audits
  • Penetration testing
  • Red teaming exercises

Together, these efforts aim to continuously test and strengthen Paxos’s infrastructure against evolving threats.

CoinLaw’s Takeaway

I see this as a strong and necessary move by Paxos. In my experience, security in crypto is often reactive, but this feels proactive and serious. Offering a full $1 million reward signals that Paxos understands the stakes, especially with billions in assets under management.

What stands out to me is the expanded scope beyond smart contracts. I found that many projects ignore Web2 vulnerabilities, even though attackers rarely limit themselves to blockchain code. Paxos addressing both layers shows maturity and real world awareness.

If more firms follow this model, it could raise the overall security standard across the crypto industry.

This article has been reviewed and fact-checked by Barry Elad. CoinLaw follows strict Publishing Principles to ensure accuracy, transparency, and editorial independence across all content.

Add CoinLaw as a Preferred Source on Google for instant updates! Follow on Google News
Share ChatGPT Perplexity
Kathleen Kinder

Kathleen Kinder

Senior Editor


Kathleen Kinder brings over 11 years of experience in the research industry, with deep expertise in finance, cryptocurrency, and insurance. At CoinLaw, she writes timely, reader-focused news articles and also serves as a senior editorial reviewer. Drawing on her background in B2B research, consumer insights, and executive interviews, she ensures every piece delivers clarity, accuracy, and real-world relevance.

Related Posts

Tether Selects KPMG for Full USDT Audit Ahead of US Push
Compliance

Tether Selects KPMG for Full USDT Audit Ahead of US Push

Pharos Partners with Circle to Bring USDC and CCTP to Mainnet
Cryptocurrency

Pharos Partners with Circle to Bring USDC and CCTP to Mainnet

Vietnam Busts ONUS Crypto Scam Worth Billions
Cryptocurrency

Vietnam Busts ONUS Crypto Scam Worth Billions

Disclaimer: The content published on CoinLaw is intended solely for informational and educational purposes. It does not constitute financial, legal, or investment advice, nor does it reflect the views or recommendations of CoinLaw regarding the buying, selling, or holding of any assets. All investments carry risk, and you should conduct your own research or consult with a qualified advisor before making any financial decisions. You use the information on this website entirely at your own risk.

Reader Interactions

Leave a Comment Cancel reply

Primary Sidebar

Connect With Us

facebook x linkedin google-news telegram pinterest whatsapp email
google-preferred-source-badge Add as a preferred source on Google

You Should Also Read

MARA Sells Bitcoin to Cut $1B Debt, Stock Jumps 10%
Anchorage Digital Adds TRON Support for Institutional Investors
Canton and LayerZero Enable Cross-Chain Tokenized Assets

Table of Contents

  • Key Takeaways
  • What Happened?
  • Paxos Expands Security Efforts With $1M Incentive
  • Wide Scope Across Web2 and Web3 Systems
  • Partnership With Cantina and Initial Invite Only Access
  • Delivering on Security Commitments
  • CoinLaw’s Takeaway
Connect on Telegram

Footer

CoinLaw Logo

Bringing Finance Closer to You.

Connect With Us

Follow Us on Google News

Site Links

  • About CoinLaw
  • Newsletter
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer

Worth Checking

  • Debit Card Statistics
  • NFT Market Growth Statistics
  • Retail Investing Statistics
  • Credit Card Fraud Statistics
  • Most Expensive Crypto Scams
Contact Us
13570 Grove Dr #189,
Maple Grove, MN 55311,
United States
10 a.m. – 6 p.m. | Every day

Copyright © 2024–2026 CoinLaw. All Rights Reserved. Powered by the HODL Force ❤️

  • Privacy Policy
Company
  • About Us
  • Our Team
  • Our Mission
  • Core Values
Discover
  • glossary icon
    Glossary
  • Stats
    Stats Research Process
  • Brand Guide Icon
    Brand Assets
Categories
  • Cryptocurrency
  • Payments
  • Finance
  • Banking
  • Insurance
Cryptocurrency
Crypto Exchange Hacks and Security Statistics 2026: Cyber Risk Trends
Crypto Exchange Hacks and Security Statistics 2026: Cyber Risk Trends
Blockchain in Energy Trading Statistics 2026: How Blockchain is Transforming the Market
Blockchain in Energy Trading Statistics 2026: How Blockchain is Transforming the Market
Algorithmic Stablecoins Statistics 2026: Adoption, Performance, and Challenge
Algorithmic Stablecoins Statistics 2026: Adoption, Performance, and Challenge
Metaplanet Statistics 2026: Explosive BTC Growth
Metaplanet Statistics 2026: Explosive BTC Growth
INX Digital Statistics 2026: Powerful Market Insights
INX Digital Statistics 2026: Powerful Market Insights
Transak Statistics 2026: Key Metrics You Must See Now
Transak Statistics 2026: Key Metrics You Must See Now
Payments
Worldpay Statistics 2026: Massive Payment Growth
Worldpay Statistics 2026: Massive Payment Growth
Payment Processing Solutions Statistics 2026: Fintech Growth
Payment Processing Solutions Statistics 2026: Fintech Growth
Online Payment Statistics 2026: Explosive Growth
Online Payment Statistics 2026: Explosive Growth
Money Transfer Industry Statistics 2026: Global Surge Now
Money Transfer Industry Statistics 2026: Global Surge Now
Mobile Wallet Industry Statistics 2026: User Growth Trends
Mobile Wallet Industry Statistics 2026: User Growth Trends
Merchant Services Industry Statistics 2026: Innovations, Payments, and Security
Merchant Services Industry Statistics 2026: Innovations, Payments, and Security
Finance
Blockchain in Supply Chain Finance Statistics 2026: Trade Breakthrough
Blockchain in Supply Chain Finance Statistics 2026: Trade Breakthrough
Blockchain in Healthcare Finance Statistics 2026: Cost Breakthrough
Blockchain in Healthcare Finance Statistics 2026: Cost Breakthrough
AI-Powered Robo Trading Statistics 2026: Big Insights
AI-Powered Robo Trading Statistics 2026: Big Insights
US Corporate Bond Industry Statistics 2026: Hidden Trends Now
US Corporate Bond Industry Statistics 2026: Hidden Trends Now
Personal Finance App Industry Statistics 2026: Smart Money Apps Now
Personal Finance App Industry Statistics 2026: Smart Money Apps Now
Inflation Statistics 2026: Latest Trends, Comparisons, and Economic Impacts
Inflation Statistics 2026: Latest Trends, Comparisons, and Economic Impacts
Banking
Citigroup Statistics 2026: Growth Secrets Inside
Citigroup Statistics 2026: Growth Secrets Inside
Wells Fargo Statistics 2026: Growth, Revenue Insights
Wells Fargo Statistics 2026: Growth, Revenue Insights
Bank of America Statistics 2026: Latest Key Numbers
Bank of America Statistics 2026: Latest Key Numbers
JPMorgan Chase Statistics 2026: Growth Insights
JPMorgan Chase Statistics 2026: Growth Insights
Online Banking Usage Statistics 2026: Shocking Growth
Online Banking Usage Statistics 2026: Shocking Growth
Digital Transformation in Banking Statistics 2026: Growth, Challenges, and Opportunities
Digital Transformation in Banking Statistics 2026: Growth, Challenges, and Opportunities
Insurance
Chubb Statistics 2026: Powerful Data Insights
Chubb Statistics 2026: Powerful Data Insights
Virtual Reality In Insurance Statistics 2026: Innovations, Risks, and Opportunities
Virtual Reality In Insurance Statistics 2026: Innovations, Risks, and Opportunities
US Life Insurance Industry Statistics 2026: Growth Facts
US Life Insurance Industry Statistics 2026: Growth Facts
US Auto Insurance Industry Statistics 2026: What You Must Know Now
US Auto Insurance Industry Statistics 2026: What You Must Know Now
UK Insurance Industry Statistics 2026: Growth Data
UK Insurance Industry Statistics 2026: Growth Data
Travel Insurance Industry Statistics 2026: Hidden Trends Now
Travel Insurance Industry Statistics 2026: Hidden Trends Now
Categories
  • Cryptocurrency
  • Investments
  • Compliance
  • Fintech
  • Finance
Cryptocurrency
Paxos Offers $1M Reward to Find Critical Crypto Vulnerabilities
Paxos Offers $1M Reward to Find Critical Crypto Vulnerabilities
Pharos Partners with Circle to Bring USDC and CCTP to Mainnet
Pharos Partners with Circle to Bring USDC and CCTP to Mainnet
Vietnam Busts ONUS Crypto Scam Worth Billions
Vietnam Busts ONUS Crypto Scam Worth Billions
MARA Sells Bitcoin to Cut $1B Debt, Stock Jumps 10%
MARA Sells Bitcoin to Cut $1B Debt, Stock Jumps 10%
Anchorage Digital Adds TRON Support for Institutional Investors
Anchorage Digital Adds TRON Support for Institutional Investors
Canton and LayerZero Enable Cross-Chain Tokenized Assets
Canton and LayerZero Enable Cross-Chain Tokenized Assets
Investments
NYSE Parent ICE Backs Polymarket with $600M Investment
NYSE Parent ICE Backs Polymarket with $600M Investment
Robinhood Announces $1.5B Buyback Amid Stock Decline
Robinhood Announces $1.5B Buyback Amid Stock Decline
Ledger Completes $50M Sale as IPO Plans Stay on Hold
Ledger Completes $50M Sale as IPO Plans Stay on Hold
BitGo Partners With Susquehanna to Launch Prediction Markets
BitGo Partners With Susquehanna to Launch Prediction Markets
Michael Saylor’s Strategy Eyes $42B Bitcoin Buy Plan
Michael Saylor’s Strategy Eyes $42B Bitcoin Buy Plan
Eightco Expands OpenAI Investment to $90M Amid AI Push
Eightco Expands OpenAI Investment to $90M Amid AI Push
Compliance
Tether Selects KPMG for Full USDT Audit Ahead of US Push
Tether Selects KPMG for Full USDT Audit Ahead of US Push
UK Bans Crypto Donations, Caps Overseas Political Funding
UK Bans Crypto Donations, Caps Overseas Political Funding
CFTC Unveils Task Force for Crypto and AI Rules
CFTC Unveils Task Force for Crypto and AI Rules
Australia Moves Toward New Crypto Regulation Framework
Australia Moves Toward New Crypto Regulation Framework
SEC and CFTC Sign MoU to Coordinate US Crypto Regulation
SEC and CFTC Sign MoU to Coordinate US Crypto Regulation
Bithumb Faces Six Month Suspension Over AML Violations
Bithumb Faces Six Month Suspension Over AML Violations
Fintech
Tether Brings XAU₮ to BNB Chain Amid Gold Demand Surge
Tether Brings XAU₮ to BNB Chain Amid Gold Demand Surge
Circle Partners With Sasai to Expand USDC Payments in Africa
Circle Partners With Sasai to Expand USDC Payments in Africa
Mastercard and Western Union Join Solana Platform
Mastercard and Western Union Join Solana Platform
TRON Expands AI Fund to $1 Billion for Agent Economy
TRON Expands AI Fund to $1 Billion for Agent Economy
MoonPay Launches Open Wallet Standard for AI Agents
MoonPay Launches Open Wallet Standard for AI Agents
Playnance Launches Democratic Gaming Protocol with GCOIN
Playnance Launches Democratic Gaming Protocol with GCOIN
Finance
21Shares Rolls Out Strategy Yield ETP on Euronext Amsterdam
21Shares Rolls Out Strategy Yield ETP on Euronext Amsterdam
Yahoo Finance Adds Coinbase Trading as Stock Rollout Expands
Yahoo Finance Adds Coinbase Trading as Stock Rollout Expands
Bitcoin Crash Hits Galaxy Digital Hard with $482M Q4 Loss
Bitcoin Crash Hits Galaxy Digital Hard with $482M Q4 Loss
Ripple Cleared for EU Expansion with Full Luxembourg EMI License
Ripple Cleared for EU Expansion with Full Luxembourg EMI License
Chainlink Gets a Wall Street Gateway as Bitwise Spot ETF Hits NYSE
Chainlink Gets a Wall Street Gateway as Bitwise Spot ETF Hits NYSE
Pharos Foundation Debuts to Drive Institutional Adoption of Open Finance
Pharos Foundation Debuts to Drive Institutional Adoption of Open Finance
Newsletter Img

Too much noise in crypto?

We respect your time. You get one high-impact briefing a week. If the market is quiet, so are we.

✅ Join readers from Visa, Vanguard, and the FDIC.
Newsletter Img

The Weekly Briefing

We track the market 24/7. You get a 5-minute summary. If it’s quiet, we skip it.

✅ Read by pros at Visa, Vanguard, and the FDIC.