I want to wish each and every one of you a happy and safe holiday season. 

Speaking of safety, I have been reflecting on what happened this past weekend. It was a sad weekend for the industry in general. So many people were impacted, including some of our long time community members. That was tough for us all to witness and worse for those impacted.

As Quit’s post outlined, we collaborated with Boring Security Company to find a swift and effective outcome. I was also inspired to see individuals who worked to help fix the security issue, provide each other with tips, and who are already starting to brainstorm long term solutions together. This shows the ecosystem can help solve these issues together for the betterment of all. 

I see this as a serious wake up call for all of us to be extremely vigilant and security cautious. Web3 holds the promise of empowering ownership without the need for centralized middlemen. To achieve that goal, each of us must be extremely vigilant and knowledgeable about security. 

We at Yuga want to support the ecosystem in being more security conscious and we are connecting with various players to explore possible approaches to improve awareness and solutions across the space. Our in-house Bug Bounty program, launched through HackerOne in December 2022, has awarded over $80,000 since inception. This program provides white hat hackers with rewards for uncovering valid vulnerability reports that impact our services, websites, social accounts, and Discord servers.   

In the meantime, it is important for all of us to be informed and that is why security training like the courses offered by Boring Security are really important. I’ll be putting some downtime to good use this holiday season and brushing up myself. 

Happy Holidays all, and stay safe out there. 

Boring Security Company collaborates with Yuga Labs to recover assets lost in a third party exploit.

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