White hat hackers have earned $32,000 in bounties over the last two months by reporting security holes in crypto and blockchain projects, according to a report by Hard Fork on May 20.
This lump sum of over $30,000 was distributed by 15 firms from March 28 to May 16 and documented in 30 public bug reports, per the article.
The rewards for a single discovery can differ depending on how damaging the exploit is.
Hardfork noted that most of the bounties awarded by blockchain-driven firm OmiseGo were around $100; EOS company Block.
One and the blockchain startup Aeternity issued $10,000 individual rewards over the course of these two months.
Tron reportedly paid $3,500 to a hacker who found a vulnerability that could have crashed its entire blockchain.
Major crypto exchange Binance also offers up to $10,000 per project for "P1: Critical" fixes, with a maximum reward of $100,000 in Binance Coin per user.
Binance classifies P1 in accordance with the Bugcrowd's Vulnerability Rating Taxonomy.
As previously reported by Cointelegraph, white hat hackers earned $878,000 bounties for finding crypto bugs in 2018.
Within that sum, major crypto exchange Coinbase reportedly spent $290,381, while Tron paid $76,200.
White Hat Hackers Earn $32,000 for Finding Crypto Security Exploits in Last Two Months
Published on May 20, 2019
by Cointele | Published on Coinage
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