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
- 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