According to @tradeparadex, Paradex Network is increasing its bug bounty program to offer rewards up to $500,000 in a move to enhance platform security for users. Source: Paradex Network on X, Aug 25, 2025. The new phase is being executed in collaboration with Immunefi, with more information and participation instructions provided in the announcement link. Source: Paradex Network on X, Aug 25, 2025. The initiative explicitly aims to safeguard the platform and reward security researchers, signaling a heightened focus on risk reduction relevant to active traders. Source: Paradex Network on X, Aug 25, 2025.

According to @lookonchain, the individual responsible for the GMX (GMX) exploit has agreed to return $42 million in stolen assets in exchange for a $5 million white-hat bug bounty. On-chain data confirms that $10.49 million in FRAX (FRAX) has been returned so far. The hacker had previously converted $32 million of the stolen funds into 11,700 Ethereum (ETH), which is now valued at $35 million, representing a potential profit of approximately $3 million from the trade. The market is now watching to see if the hacker will return the full 11,700 ETH as part of the agreement, an event which could influence sentiment around GMX and related assets.

According to Anthropic (@AnthropicAI), future AI models may require advanced "AI Safety Level 3" protections as outlined in their Responsible Scaling Policy. The newly launched bug bounty initiative is aimed at strengthening these security measures, which is significant for traders as robust AI safety directly impacts the reliability and security of crypto trading platforms that leverage AI technologies. Enhanced AI security can reduce risk from system vulnerabilities and improve trust in AI-driven trading tools, potentially increasing adoption in the crypto market (Source: Anthropic Twitter, May 14, 2025).