What does Immunefi do?

Immunefi is a leading onchain crowdsourced security platform and bug bounty program tailored for Web3, blockchain, and decentralized finance (DeFi). Founded in December 2020 and headquartered in Singapore, Immunefi connects protocol teams with a global community of over 60,000 independent security researchers. The company aims to enhance the safety of Web3 by incentivizing ethical hackers to identify and disclose vulnerabilities in smart contracts and decentralized applications. Immunefi offers a range of security services, including hosting bug bounty programs, providing security consultation, and managing vulnerability triaging. Its flagship product, Magnus, streamlines security workflows for protocols, while the Immunefi Audits service connects projects with experienced auditors for thorough code reviews. The company protects over $190 billion in user funds and has prevented more than $25 billion in potential hacks, establishing itself as a vital partner in the Web3 security landscape.