Hackers made $32K in 7 weeks by fixing bugs in cryptocurrency projects

Hackers made $32K in 7 weeks by fixing bugs in cryptocurrency projects

Previously seven weeks, white hat hackers earned on the least $32,a hundred and fifty by fixing security flaws in standard cryptocurrency and blockchain platforms treasure TRON, Mettlesome, EOS and Coinbase.

In accordance to info reviewed by Laborious Fork, 15 blockchain-linked firms have paid rewards to security researchers between March 28 and May perhaps per chance honest 16, spoil up accurate through 30 publicly-launched bug reports.

Omise, the tool agency within the help of cryptocurrency OmiseGo, fielded potentially the most fixes (six). Blockchain-powered prediction market Augur disclosed three reports, as did Mettlesome Tool, makers of the Mettlesome browser, which components its indulge in native token.

Initiatives alter their HackerOne rewards to the severity the found security flaws. Whereas the majority of Omise’s reports have been handiest price around $100 every, a whole lot of payments within the past seven weeks have been mighty greater.

Block.one, the agency within the help of the EOS “blockchain,” rewarded one hacker with $10,000 for a single fix, as did budding network Aeternity.

TRON additionally paid $three,100 to the researcher who realized the network used to be at risk of being flooded with malicious intellectual contracts, which would have brought its blockchain to a screeching dwell.

The quantity of hackers who opt to repair security components appears to be remaining right — however every so often they’ll create off with mighty bigger portions exploiting vulnerabilities themselves.

Indeed, cryptocurrency alternate Binance revealed attackers had successfully stolen 7,000 BTC (then $40 million, now $Fifty five million) from its indulge in wallets closing week.

Coincidentally, Binance runs its indulge in bug bounty program with a most reward of $100,000 for potentially the most serious of vulnerabilities. The Binance hacker remains at orderly.

Printed May perhaps per chance honest 20, 2019 — 15:21 UTC