Update SECURITY.md

SECURITY.md

@@ -1,21 +1,19 @@
 # Security Policy
 
-## Supported Versions
+## Reporting a Vulnerability
 
-Use this section to tell people about which versions of your project are
-currently being supported with security updates.
+At Blockless Network, we take security very seriously. If you discover any security vulnerabilities, we encourage you to report them responsibly.
 
-| Version | Supported          |
-| ------- | ------------------ |
-| 5.1.x   | :white_check_mark: |
-| 5.0.x   | :x:                |
-| 4.0.x   | :white_check_mark: |
-| < 4.0   | :x:                |
+Please report any security issues to our Security Advisories page: [Blockless Network Security Advisories](https://github.com/blocklessnetwork/b7s/security/advisories)
 
-## Reporting a Vulnerability
+### Guidelines for Reporting
+
+- Provide a detailed description of the vulnerability.
+- Include any relevant information such as steps to reproduce, potential impact, and suggested fixes.
+- Ensure that your report is concise and clear.
+
+## Bounty Program
 
-Use this section to tell people how to report a vulnerability.
+At this time, we do not offer a bounty award for reported vulnerabilities. However, we greatly appreciate your efforts in helping us maintain the security and integrity of our project.
 
-Tell them where to go, how often they can expect to get an update on a
-reported vulnerability, what to expect if the vulnerability is accepted or
-declined, etc.
+Thank you for contributing to the security of Blockless Network.