Celer reduced its bug bounty program maximum reward by 90%, from $2M to $200K.
Tech & Launches ·
Celer has reduced the maximum reward for its bug bounty program to $200,000, down from $2 million—a 90% cut. The change appears on the platform's live bounty page, where the program now caps payouts at this lower threshold. The adjustment also involved modifications to severity classifications, including the removal of two impact categories from consideration.
The Celer cBridge program offers rewards calculated as 10% of funds directly affected, subject to the new $200,000 ceiling. Critical smart contract and blockchain vulnerabilities are capped at 10% of economic damage, with a minimum reward of $15,000. Proof of concept and, in certain cases, fix suggestions remain required for eligibility, alongside know-your-own-customer verification.
It remains unclear what prompted the timing and magnitude of this reduction or whether further program adjustments are planned. The specific impact categories removed and their rationale have not been detailed in available materials.