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PRESS RELEASE

MoonPay Launches Private Bug Bounty Program With Bugcrowd

Crypto Payment Infrastructure Platform Launches Bug Bounty Program to Further Secure its Code and Platform

SWIEQI, MALTA—November 30, 2020—MoonPay, the payments infrastructure provider for cryptocurrency, today announced an invite-only bug bounty program led by Bugcrowd, the crowdsourced cybersecurity platform, to maintain and strengthen their platform’s security measures. 

The program will allow MoonPay to leverage the security research community to continuously test the security of its platform and reward experts who identify valid security issues. A number of researchers have been selected to participate and help secure MoonPay’s suite of products and services.

As an additional measure, the firm is also launching a vulnerability disclosure program encouraging researchers that are not participating in the bug bounty to find and report vulnerabilities via MoonPay’s website. 

“A robust cybersecurity program that is continuously improving is a top priority for us,” said Ivan Soto-Wright, CEO of MoonPay. “BugCrowd provides an important additional layer for our security testing and highlights our commitment to maintaining the safety of our partners and end users.”

Bugcrowd is an industry leader in crowdsourced cybersecurity penetration testing, and will administer the bug bounty program, validate vulnerability reports, and assist the MoonPay team ensure success. James Clegg, Managing Director, EMEA, Bugcrowd, noted:

“By taking the initiative with these programs, MoonPay is setting a new standard for their entire security operation. Our crowdsourced bug bounty and vulnerability disclosure programs are crucial for building awareness of attack surface and vulnerability management, and will be instrumental in helping MoonPay become an industry leader in best practices.”

About MoonPay

MoonPay is a financial technology company that builds payments infrastructure for crypto. Their on-and-off-ramp suite of products provides a seamless experience for converting between fiat currencies and cryptocurrencies using all major payment methods including debit and credit card, local bank transfers, Apple Pay, Google Pay, and Samsung Pay. MoonPay is active in more than 160 countries and is trusted by 250+ leading wallets, websites, and applications to accept payments and defeat fraud.

 

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