Mitchell Amador on Crypto Bug Bounties, Web3 Security and Immunefi | CryptoNews Podcast #170

Mitchell Amador is the Founder of Immunefi, the leading bug bounty and security services platform for web3 that protects crypto projects and regular users. In a span of less than two years, Immunefi has saved more than $25 billion dollars from being hacked and actively guards over $60 billion in users’ funds. 

Before Immunefi, Mitchell was best known for making Sophia the Robot a worldwide sensation as the CMO of SingularityNET and as the VP of Marketing at Steemit, where he drove its adoption and growth, resulting in a peak $2 billion valuation. In addition, he was a member of the rLoop Hyperloop team, drove growth for the world’s dominant web .pdf company, and helped launch the largest user-owned open world, Decentraland.

In this conversation, we discuss:

- Paying out over $60 million in bounties 
- Web3 security 
- How bounties get paid out 
- History of Immunefi 
- Unsexy problems being very profitable 
- The “Hell” lottery 
- Scaling 
- Creating frameworks and forging new pathways in business 
- Blockchain and crypto hacks … will they ever slow down?
- Anonymous workflows 
- Immunefi's recent raise with Framework Ventures 
- Building the 911 layer of crypto 
- Building new systems - it's going to be weird, but it will work