Centrifuge Expands Bug Bounty Program for V3.1 Upgrade with $250K Reward

Centrifuge has expanded its bug bounty program to cover its V3.1 upgrade, offering up to $250,000 for critical vulnerabilities. The program, launched on July 17, 2025, through the Cantina platform, aims to enhance security as the protocol has logged 480 findings since its 2019 mainnet launch. Critical findings earn a maximum payout of $250,000, while high-severity issues receive $50,000, and medium-severity bugs are worth $5,000. The V3.1 upgrade builds on the previous V3 release, which integrated with Wormhole for multichain operations. Additionally, Centrifuge held a separate security competition on the Sherlock platform with a prize pool of $320,000 USDC. The protocol has reported zero exploits since its mainnet launch and has undergone over 24 security reviews. A subsequent V3.2 upgrade was deployed on July 8, 2026, introducing on-chain portfolio management features.

Key Points: • Centrifuge's bug bounty program offers up to $250,000 for critical vulnerabilities. • The program has recorded 480 findings with zero exploits since 2019. • The V3.1 upgrade enhances security and builds on previous multichain capabilities.