🔐 Blockchain security platform Immunefi has launched "Vaults," an on-chain system for bug bounties that lets Web3 developers escrow funds for white hat hackers. The system aims to attract top-tier bug reports by providing on-chain proof of available funds. Ethereum infrastructure provider SSV has already deposited $1 million for its software, while decentralized exchange Ref Finance is also using the new system. Immunefi has facilitated $66 million in bug bounty payouts since its inception, helping to secure the crypto space one bug at a time. 🐛💰