Paradex Launches $500,000 Bug Bounty Program to Strengthen Security

Paradex, a decentralized perpetual futures exchange, has launched a new bug bounty program offering rewards of up to $500,000 USDC for identifying critical vulnerabilities. The program, which went live on June 8, 2026, is a significant increase from its previous bounty program that had a total reward pool of $45,000. This initiative, managed through Sherlock, aims to incentivize security researchers to find and responsibly disclose vulnerabilities that could lead to the theft of $100,000 or more in user assets or cause insolvency of the protocol. The payout structure includes a minimum guaranteed reward of $25,000 for qualifying findings. Certain vulnerabilities, such as oracle-related issues and previously identified problems, are excluded from this program. Paradex operates on Starknet’s appchain and focuses on providing a self-custodial trading platform for perpetual futures, which are popular in decentralized finance. The increase in bounty funding reflects a maturation in Paradex's approach to security economics, aligning rewards with potential exploitation gains.

Key Points: • Paradex's new bug bounty program offers up to $500,000 for critical vulnerabilities. • The program launched on June 8, 2026, significantly increasing from a previous $45,000 pool. • Exclusions include oracle-related vulnerabilities and previously identified issues.