Serai
Serai is an actively developed cross-chain, decentralized exchange for Bitcoin, Ethereum, and Monero. Built from scratch in Rust, Serai uses threshold multisignatures to secure coins under its own decentralized network.
PoC required
KYC required
Rewards by Threat Level
Rewards are distributed according to the impact the vulnerability could otherwise cause based on the Impacts in Scope table further below.
Overtime Attack Limitations
In cases of attacks executed over time for smart contract and blockchain/DLT bugs, an explicit two hour window without human intervention is provided, starting from the first erroneous or malicious action. Only achievements during this window will be counted, regardless of further impact.
Public Disclosure of Known Issues
Bug reports covering previously-discovered bugs acknowledged below are not eligible for any reward through the bug bounty program.
Previous Audits
Serai has provided these completed audit review reports for reference. Any unfixed vulnerability mentioned in these reports are not eligible for a reward.
Proof of Concept (PoC) Requirements
A PoC is required for the following severity levels:
- Blockchain/DLT - Critical
In addition, PoC will be required for the following low impact:
- Undocumented panic
All PoCs submitted must comply with the Immunefi-wide PoC Guidelines and Rules. Bug report submissions without a PoC when a PoC is required will not be provided with a reward.
Reward Payment Terms
Payouts are handled by the Serai team directly and are denominated in USD. However, payments are done in USDC.
Program Overview
Serai is an actively developed cross-chain, decentralized exchange for Bitcoin, Ethereum, and Monero. Built from scratch in Rust, Serai uses threshold multisignatures to secure coins under its own decentralized network.
For more information about Serai, please visit https://github.com/serai-dex/serai
Serai provides rewards in USDC. For more details about the payment process, please view the Rewards by Threat Level section further below.
KYC Requirement
The provision of KYC is required to receive a reward for this bug bounty program, where the following information will be required to be provided:
- IRS form W-8/W-9, as applicable
- Applicant is not listed on the OFAC SDN list
KYC information is only required on confirmation of the validity of a bug report.
Responsible Publication
Serai adheres to category 1. This Policy determines what information whitehats are allowed to make public from their submitted bug reports. For more information about the category selected, please refer to our Responsible Publication page.
Primacy of Impact vs Primacy of Rules
Serai adheres to the Primacy of Impact for the following severity levels:
- Blockchain/DLT - Critical
- Blockchain/DLT - High
- Blockchain/DLT - Medium
- Blockchain/DLT - Low
If a category’s severity level is covered within the Primacy of Impact, it means that even if the impacted asset is not in-scope but is owned by the project, then it would be considered as in-scope of the bug bounty program as long as it involves an impact under that respective severity level. When submitting a report, just select the Primacy of Impact asset placeholder. If the team behind this project has multiple projects, those other projects are not covered under the Primacy of Impact of this program. Instead, check if those other projects have a bug bounty program on Immunefi.
All other severity levels not listed here are considered under the Primacy of Rules, which means that they are bound by the terms of the bug bounty program.
Known Issue Assurance
Serai commits to providing Known Issue Assurance to bug submissions through their program. This means that Serai will either disclose known issues publicly or at the very least privately via a self-reported bug submission in order to allow for a more objective and streamlined mediation process to prove that an issue is known. Otherwise, assuming the bug report itself is valid, it would result in the bug report being considered in-scope and due 100% of the reward with respect to the bug bounty program terms.
Immunefi Standard Badge
Serai has satisfied the requirements for the Immunefi Standard Badge, which is given to projects that adhere to our best practices.
KYC required
The submission of KYC information is a requirement for payout processing.
Prohibited Activities
- Any testing on mainnet or public testnet deployed code; all testing should be done on local-forks of either public testnet or mainnet
- Any testing with pricing oracles or third-party smart contracts
- Attempting phishing or other social engineering attacks against our employees and/or customers
- Any testing with third-party systems and applications (e.g. browser extensions) as well as websites (e.g. SSO providers, advertising networks)
- Any denial of service attacks that are executed against project assets
- Automated testing of services that generates significant amounts of traffic
- Public disclosure of an unpatched vulnerability in an embargoed bounty
- Any other actions prohibited by the Immunefi Rules
Feasibility Limitations
The project may be receiving reports that are valid (the bug and attack vector are real) and cite assets and impacts that are in scope, but there may be obstacles or barriers to executing the attack in the real world. In other words, there is a question about how feasible the attack really is. Conversely, there may also be mitigation measures that projects can take to prevent the impact of the bug, which are not feasible or would require unconventional action and hence, should not be used as reasons for downgrading a bug's severity. Therefore, Immunefi has developed a set of feasibility limitation standards which by default states what security researchers, as well as projects, can or cannot cite when reviewing a bug report.