Altcoin News: Ethical Hackers Earned $32,000 on Crypto Project Vulnerabilities in a Month and a Half

May 21, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

Ethical hackers have earned $32,150 in the last seven weeks, reporting vulnerabilities in cryptocurrency and blockchain projects, The Next Web reports.

In the period from March 28 to May 16, the said amount was paid by 15 projects, in products of which a total of 30 bugs were discovered.

With the help of experts from outside, most of the vulnerabilities were eliminated by the Omise project — six. The Augur prediction market and browser developer Brave unveiled information about three vulnerabilities each.

Image credit: The Next Web

Also on the list with 1–2 vulnerabilities were projects and companies such as Chainlink, Monero, MyEtherWallet, Block.one and Coinbase.

While the bugs found in Omise products had a low threat level and were valued at $100 each, some projects had to pay more substantial amounts. So, EOS developer Block.one paid $10,000 for one fix, and TRON awarded $3,100 hackers who discovered that the cryptocurrency network is vulnerable to DDoS attacks via smart contracts.

Author: Marko Vidrih