Ripple, Immunefi Launch $200K Bug Hunt for XRPL’s New Institutional Lending Protocol

Ripple and Immunefi have teamed up to initiate a bug bounty program offering a substantial reward of $200,000. This initiative is aimed at identifying vulnerabilities in the newly developed institutional lending protocol for the XRP Ledger (XRPL). The collaboration not only highlights the importance of security in DeFi projects but also encourages ethical hacking efforts within the cryptocurrency community to ensure the robustness and reliability of this innovative financial platform. By incentivizing skilled security researchers to contribute their expertise, Ripple and Immunefi are taking proactive measures to enhance the overall safety of their lending protocols and protect users from potential threats. source: https://www.coindesk.com/markets/2025/10/16/ripple-immunefi-launch-usd200k-bug-hunt-for-xrpl-s-new-institutional-lending-protocol