#170: Mitchell Amador on Crypto Bug Bounties, Web3 Security and Immunefi

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

Immunefi
Website: immunefi.com
Twitter: @immunefi
LinkedIn: Immunefi
Discord: discord.gg/rpkPDR7pVV

Mitchell Amador
Twitter: @MitchellAmador
LinkedIn: Mitchell Amador
 
---------------------------------------------------------------------------------
 
This episode is brought to you by PrimeXBT.
 
PrimeXBT offers a robust trading system for both beginners and professional traders that demand highly reliable market data and performance. 

Traders of all experience levels can easily design and customize layouts and widgets to best fit their trading style. PrimeXBT is always offering innovative products and professional trading conditions to all customers.
  
PrimeXBT is running an exclusive promotion for listeners of the podcast. 

After making your first deposit, 50% of that first deposit will be credited to your account as a bonus that can be used as additional collateral to open positions.
 
Code: CRYPTONEWS50
 
This promotion is available for a month after activation. Click the link below:
 
PrimeXBT x CRYPTONEWS50