ContextThe London Chamber of Arbitration and Mediation (‘LCAM’) has worked in conjunction with Immunefi, a blockchain security platform, to create the LCAM Blockchain Expedited Arbitration Rules(the ‘Rules’), a bespoke arbitral scheme tailored to the needs of participants in the security vulnerability market. Immunefi is an online platform which connects blockchain projects with security researchers and provides tools to manage security testing, disclosing vulnerabilities they discover, so that hacks can be averted. If these security researchers (also known as ‘whitehat hackers’) identify qualifying on-chain vulnerabilities, they may claim a payment known as a ‘bug bounty’, with posted payments running up to multimillion-dollar bounties.Bug bounty disputes arise in this context when there are disagreements between a blockchain project and a security researcher in relation to the security research carried out on the project. These disputes can arise in a number of ways, including in relation to the disputed existence of the reported security vulnerability, disagreement