1inch Expands Bug Bounty Program with $500,000 Rewards

1inch Network, a prominent DeFi protocol, has expanded its bug bounty program, offering rewards up to $500,000 for critical vulnerabilities as of June 2025.

This initiative follows a major security breach in March affecting USDC and WETH, reflecting increased efforts to enhance protocol security and protect digital assets.

1inch Offers $500,000 for Critical Bug Discoveries

1inch Network, known for its decentralized exchange protocol, has promptly reacted to a security breach. The protocol now offers up to $500,000 for critical bug discoveries to prevent future exploits. 1inch protocol updates on new features. Co-founders Sergej Kunz and Anton Bukov have led this initiative following a March exploit that cost over $5 million. The enhancement aims to secure the network’s core components effectively.

“According to our analysis, this incident resulted in a loss of 2.4 million $USDC and 1276 $WETH, totaling over $5 million.” – SlowMist Security Team, Blockchain Security Firm

DeFi Security Bolstered by Increased Bug Bounties

The increased bug bounty is expected to boost security scrutiny in the DeFi space. By incentivizing white-hat hackers, 1inch strives to bolster its defense against potential vulnerabilities.

Following the breach, industry experts advise on contract audits and updates. With historical data highlighting vulnerabilities, there’s a heightened demand for robust security measures within DeFi platforms.

March Breach Influences Industry-Wide Security Updates

Similar past incidents, notably the March 2025 breach, resulted in significant losses. By enlarging the bug bounty scope, 1inch aligns with other leading DeFi protocols focusing on security enhancements. Insights from Evilcos on crypto landscape.

Experts from Kanalcoin suggest that this move could prevent repeat incidents and stabilize user confidence. Analyzing data trends, they believe the enhanced bug bounties will lead to greater protocol fortification.