CertiK Launches Invite-Only Platform to Enhance Web3 Security Amid Rising Exploits

• •CertiK Hunt is an invite-only platform for vetted security researchers in Web3.
• •The platform aims to reduce disputes and improve the quality of vulnerability submissions.
• •Web3 projects lost $482 million in Q1 2026, primarily due to phishing and compromised keys.

On July 1, 2026, CertiK launched CertiK Hunt, an invite-only platform aimed at improving Web3 security by connecting vetted researchers with blockchain projects for ongoing vulnerability testing. This initiative responds to a significant decline in losses from hacks and scams, which totaled $482 million in Q1 2026, down from $2 billion in Q1 2025. However, the majority of losses in 2026 stemmed from phishing, social engineering, and compromised keys, rather than smart contract bugs. The platform allows projects to conduct bug bounty programs, audit competitions, and AI-driven security challenges while ensuring that only qualified researchers participate. CertiK aims to reduce disputes over vulnerability severity and payouts by implementing a neutral review process for submitted vulnerabilities. The platform's launch is seen as timely, given the billions lost to crypto exploits and the industry's shift towards continuous security models. CertiK has previously supported over 5,000 organizations, including major players like Binance and Ethereum Foundation.