Coinbase has announced a new bug bounty program, offering up to $5 million in rewards, in partnership with Web3 security firm Cantina. This initiative aims to bolster the security of Coinbase's on-chain products, specifically focusing on security audits for Base network's smart contracts. Boosting Security with Bug Bounties This significant investment highlights Coinbase's commitment to securing its ecosystem and user assets. By incentivizing security researchers to identify vulnerabilities, Coinbase aims to proactively address potential threats before they can be exploited. Focus on On-Chain Products and Base Network The program's focus on on-chain products and the Base network is crucial, given the increasing complexity and potential risks associated with decentralized applications. The $5 million bounty serves as a powerful incentive for top security experts to scrutinize Coinbase's code and infrastructure, ultimately contributing to a more secure and reliable platform for its users. This collaboration with Cantina underscores the importance of expert partnerships in maintaining robust security standards in the rapidly evolving Web3 space. ```