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2018 was a good year for white hats hackers. These individuals and developers have earned about $ 878,000 from the crypto bug awards during this year. The information was released by TheNextWeb on December 30th.
Companies tend to invite hackers to attack their networks and blockchain to find out where they need to improve their security. Hackers who are able to discover security issues receive funds as a reward. Once the security issue is discovered by the hacker, the company solves it before another user takes advantage of this problem.
According to the report published by TheNextWeb, hackers received $ 534,500 on HackerOne. HackerOne is a bounty bug platform that connects companies with Block.one hackers. Indeed, Block.one, the company behind the blockchain EOS project, is responsible for 60% of all the prizes that have been delivered this year.
At the same time, one of the largest and most popular cryptocurrency exchanges, Coinbase, also spent $ 290,381 in prizes during 2018. Tron (TRX) also donated $ 76,200 in funds to white hat hack in size during 2018.
About 4% of the prizes awarded to hackers were related to blockchain vulnerabilities. The average premium was $ 1,490 in 2018, compared to average HackerOne premiums that were $ 900.
There have been several vulnerabilities affecting companies in cryptographic space. For example, EOS dApps have lost about $ 1 million due to hacks since July. There are other exchanges that have also been violated this year because they did not implement the necessary security measures on their platforms.
NEO has also encountered some problems with its code, but the team behind it has been able to solve all the problems before having any problems with the network.
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