The largest bug bounty program has up to 15 million dollars in rewards.

 The team behind the cross-chain messaging protocol LayerZero has formed a bug bounty alliance with Immunefi, according to Bryan Pellegrino, co-founder and CEO of LayerZero. The platform has announced bug bounties in the past, but none as large as this one. The security of the protocol is the most important thing.

 The equity entity of LayerZero Labs will give the reward money. It has paid out over $75 million in rewards for bug bounties to date. Unlike Web 2.0 messaging platforms, its messaging protocol lets users send different types of messages, like cross-chain interactions.

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 A little under $1 billion was recovered from exploits, hacks and scam in the past year, according to De. While that might seem like a lot of capital to lose track of, it is less than when over $8 billion was stolen. About $175 million was lost to fraud across 34 incidents in the same time frame. The messaging protocol has never had a security exploit or hack, andLayerZero spent about $5 million on auditing last year to ensure its security, and it aims to follow a process to ensure its code's security before it's released.

 Around $200 million was stolen from a lending platform in March. While this sounds like a lot of money, it is only the 26th-largest theft of digital currency. You will be hacked if you don't have good security..