LetsExchange Strengthens Platform Security through Cooperation with HackenProof

LetsExchange, a leading instant exchange supporting the biggest number of crypto coins and tokens in the market, tightens the security of its online services and products through collaboration with HackenProof, a bug bounty platform providing additional security layer for crypto projects.

Although LetsExchange has just recently made this collaboration public, the private bug bounty program of the platform has been taking place for a while. LetsExchange has run a bounty program on HackenProof for white hat hackers to find web and API vulnerabilities on its various services and products. According to the program rules, an individual finding a critical vulnerability will be rewarded up to $2,000. Finding high-, medium-, and low-risk vulnerabilities is also rewarded, albeit with smaller bounties.

Alex J., Chief Product Officer at LetsExchange, commented: “Users should not provide us with access to their funds not involved in the exchange nor their private keys. Thus they can rest assured that their coins and tokens are safe when transacting on our platform. Nevertheless, we want to ensure that no vulnerabilities remain, which might cause uncomfortable situations for our customers. Hence, we reward security experts who find vulnerabilities on our platform.”

HackenProof is an expert bug bounty platform for crypto projects. It comprises 20,000+ ethical hackers who have contributed to protecting $28+ billion in user crypto funds. Crypto projects and companies can run bug bounty programs on HackerProof, through which registered white hat hackers find and report vulnerabilities. Currently, 70 programs are running on this platform. Since its launch in 2017, HackerProof has submitted 10,140 reports on security risks and vulnerabilities on various crypto platforms.

LetsExchange is an industry-leading exchange platform, supporting over 3,800 crypto coins and tokens, the highest number of cryptocurrencies across the entire market, for seamless instant crypto-to-crypto swaps at competitive rates (particularly for considerable sums) and no upper limits. The platform also provides various services, including buying & selling cryptocurrencies for over 80 fiat currencies, DEX, Telegram bot for crypto swaps, cross-chain swaps, and profitable affiliate programs.