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Security

Last updated 12 November 2026

on this page
  1. 01How to report
  2. 02What we most want to hear about
  3. 03How to test
  4. 04What doesn’t count
  5. 05What we promise
  6. 06Safe harbor
  7. 07Rewards

on this page

  1. 01How to report
  2. 02What we most want to hear about
  3. 03How to test
  4. 04What doesn’t count
  5. 05What we promise
  6. 06Safe harbor
  7. 07Rewards

Mishmar holds half of the keys that trade people’s money. If you find a flaw in it, we want to hear about it, and we would like to hear first. This page says how to report one, what you may test, and what we promise in return.

in short

  • ›Report to security@mishmar.io. For the open-source code, GitHub’s private reporting works too.
  • ›Test on testnet, with users, accounts and keys of your own. Leave other people’s accounts, the real-money service and the exchanges alone.
  • ›Keep it private until it is fixed. We acknowledge within a day and agree a date to publish with you.
  • ›Research that follows this page in good faith is authorized, and we will not take legal action over it.
  • ›We credit every valid finding. Until 13 December 2026, 23:59 UTC, the Break the limits contest also pays for getting a trade past an account’s limits.

01 How to report

Write to security@mishmar.io. For the code in the open-source repository you can also use GitHub’s private reporting: the repository’s Security tab, then Report a vulnerability. A good report has:

  • what you found and where: a page, an API call, a command, a commit or a release;
  • the steps or code that show it, and what an attacker would gain;
  • for anything about orders, the decision id from the console and the venue’s order or fill id.

Don’t send key shares, private keys or anyone else’s data. Anything that isn’t a vulnerability goes to support@mishmar.io.

02 What we most want to hear about

An order that should not have been signed
A trade past an account’s limits, around an approval, or with no allowed decision behind it in the ledger.
A key share that leaks
Either half of a trading key, or anything that gives one away, such as a presigning slot used twice. From the agent’s signer, Mishmar’s signer service or the two-party signing code.
Acting as someone else
Reading or changing another person’s account, agents, rules, keys or approvals.
A ledger that lies
A decision that can be changed, dropped or forged without the chain showing it.

That covers this website, the consoles and their API, Mishmar’s signer service, and the open-source signer, CLI and SDKs. The repository’s SECURITY.md lists its packages, including our presigning change to Coinbase’s cb-mpc. How a trading key is split describes what each side checks before it signs.

03 How to test

  • Use the testnet console, app.testnet.mishmar.io, with users, accounts and keys of your own. It runs the same code as the real-money service, so a flaw found there counts the same. Don’t test against app.mishmar.io.
  • Don’t touch anyone else’s account, keys or data. If you come across them, stop, keep nothing, and tell us.
  • Don’t degrade the service for others: no denial of service, load testing or heavy automated scanning.
  • No social engineering, phishing or physical attacks, on us or on our users.
  • We can only authorize testing of what is ours. Hyperliquid, Binance and the providers we run on have their own rules; report flaws in them to them.

04 What doesn’t count

  • Output from automated scanners, with no attack that uses it.
  • Missing headers, cookie flags or email settings (SPF, DKIM, DMARC), with no impact shown.
  • Clickjacking on pages with no action to take.
  • A position that drifts past a cap because the market moved, or a fill within the slippage the docs describe.
  • Flaws in cb-mpc outside our change: those belong to Coinbase, under its security policy.

05 What we promise

  • We acknowledge your report within a day.
  • We reproduce it, tell you what we found, and keep you posted until it is fixed.
  • We credit you by name in the release notes or the write-up, unless you would rather not be named.
  • We agree with you when it can be made public, normally within 90 days of your report. Please don’t publish before then.

06 Safe harbor

If you make a good-faith effort to follow this page:

  • we consider your research authorized, and we will not take legal action against you or report you to law enforcement for it;
  • it does not break our Terms of Service, which allow testing within these limits;
  • if someone else takes legal action against you over it, we will make it known that we authorized it.

If you aren’t sure whether something is allowed, ask at security@mishmar.io before you try it. This covers only what Mishmar Inc. runs; it can’t authorize testing of the exchanges or anyone else.

07 Rewards

We don’t run a paid bug bounty yet; every valid finding gets a credit. Until 13 December 2026, 23:59 UTC, the Break the limits contest pays up to $500 for getting a trade past an account’s limits on testnet. Its rules add to this page.

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