Home / Others / White Hat Hackers earned $ 878,000 from Crypto Bug Bounties in 2018, Data Shows

White Hat Hackers earned $ 878,000 from Crypto Bug Bounties in 2018, Data Shows

White hats hackers have received $ 878,000 in bug prizes this year, on November 30th, the TheNextWeb technology news website.

Bounties are a type of competition in which companies that develop software invite hackers to break their software and responsibly reveal vulnerabilities, so they are able to solve them before they are exploited.

According to TheNextWeb, hackers earned $ 534,500 on HackerOne, a bug-bounty platform that links companies with hackers right from Block.one, the company behind EOS. In fact, Block.one is responsible for 60% of all gifts delivered this year.

Important cryptocurrency exchange Coinbase is the second biggest spendthrift and has spent $ 290,381 in 2018. Tron is the third biggest spendthrift, paying $ 76,200 this year.

Nearly four percent of all awards received on the platform concerned blockchain vulnerabilities, a HackerOne spokesperson told TheNextWeb. The average premium in the blockchain industry was $ 1,490 this year, while the average HackerOne size in the fourth quarter of 2018 was around $ 900.

As Cointelegraph recently reported, the decentralized EOS apps (DApps) have lost up to $ 1 million for hacks since July. In addition, the ledger recently expressed regret that security researchers publicly disclosed vulnerabilities in their hardware portfolios rather than following the standard security principles that have been written in Ledger's Bounty program.

Source link