Why White Hat Hackers Are Vital to the Crypto Ecosystem

White hat hacker Jay Freeman stopped a potential $750 million vulnerability from being exploited on three of Ethereum's layer 2 networks.

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$250K bounty 'not too low to be insulting,' says Coinbase white hat hacker

The white-hat hacker responsible for discovering a crisis-level flaw in Coinbase API said the $250K bounty was not "too low."

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Coinbase and the story of the latest 'market-nuking' vulnerability

If you were a white hat hacker and you had to choose between exploiting a "potentially market-nuking" vulnerability and accepting a $250,000 bug bounty, what would you pick? This month, one white hat The post Coinbase and the story of the latest 'market-nuking' vulnerability appeared first on AMBCrypto.

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Cardano Doubled The Reward For Hackers To Uncover Vulnerabilities In Its Blockchain

The public blockchain platform Cardano declares that it has doubled the payout for white hat hackers and bounty hunters that can identify vulnerabilities or bugs in its smart contracts blockchain. The firm has revealed that this six-week promotion, which will close on March 25, aims to keep “its businesses and customers safe.

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Cardano Increases Incentives for White Hat Hackers, Here's Why

Cardano to double bounty amounts starting today through March 25

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White Hat Hacker Protects Coinbase From Danger By Spotting Threat

A White Hat hacker’s prompt intervention saved Coinbase’s sophisticated trading platform from disaster. “Tree of Alpha,” a White Hat Hacker, contacted Coinbase Chief Executive Officer Brian Armstrong to warn him that third-parties could theoretically transfer Coinbase order books at arbitrary rates, which might result in a big payout for criminals. Coinbase announced in a statement […]

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Is it safe to contact white hat hackers to restore your lost Bitcoin?

A BBC article reports that white hat hackers helped a Bitcoin early adopter access her locked wallet. The post Is it safe to contact white hat hackers to restore your lost Bitcoin? appeared first on CryptoSlate.

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MakerDAO issues a $10M bug bounty to detect vulnerabilities on the network

MakerDAO has announced a hefty bounty of up to $10M to any white hat or cybersecurity expert who will detect security threats on its smart contracts. This is one of the largest bounties in the sector.

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Multichain hacker returns 322 ETH, keeps hefty finders fee

Owing to a security vulnerability in six tokens, Multichain users lost more than $3 million over the week. A white hat hacker returned 322 ETH, but over 527 ETH is still exploited.

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Analyzing Polygon's 'critical network vulnerability,' recent developments and wins

When's the best time to talk about a disaster? After it's over, of course. This was Polygon's policy as it attempted to wrangle with a vulnerability that two white hat hackers had reported. White as The post Analyzing Polygon's 'critical network vulnerability,' recent developments and wins appeared first on AMBCrypto.

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November Was the 2nd Best Performing Month for Decentralized Crypto Exchanges (DEX), After May

Amidst this, dYdX reported a security issue, but they made a white hat recovery of potentially vulnerable funds. Visor Finance was also exploited last week, which the team insists on calling an arbitrage.

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Ethereum-based dYdX saved from $2M security breach thanks to White Hat's heroics

Security-enhanced privacy and personal monetary sovereignty are some of the major advantages that have seen decentralized exchanges (DEXs) rocket in popularity in recent history. Unfortunately, DEX usThe post Ethereum-based dYdX saved from $2M security breach thanks to White Hat's heroics appeared first on AMBCrypto.

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Polygon Successfully Averts Catastrophic Loss Of Up To $850 Million

Polygon has paid the highest bug bounty in DeFi history to a white hat hacker that exposed a dangerous vulnerability. The $2M was paid for drawing the attention of the network to a potential flaw that could have led to losses of up to $850M.

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This Week in DeFi – October 22

To the DeFi community, This week, Polygon paid it’s maximum bug bounty, $2 million, to white hat hacker Gerhard Wagner […] The post This Week in DeFi – October 22 appeared first on DeFi Rate.

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Polygon pays $2M bounty on bug which could have compromised $850M in user funds

The white hat hacker speculated that the bug might have been created from "using someone else’s code and not having a 100% understanding of what it does."

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White hat hacker paid DeFi’s largest reported bounty fee

Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape.

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'Mr. White Hat' shares private key for remaining $141M in stolen Poly Network funds

The Poly Network hacker, or hackers, have returned the final piece of the $610 million they had stolen from the DeFi network nearly two weeks ago. Via a blog post on Monday, Poly Network confirmed The post 'Mr.

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Poly Network Hacker Returns Remainder of Stolen $610M

Poly Network announced on its Twitter account Monday that the hacker ‘Mr. White Hat’ has returned the remaining funds that he stole. The post Poly Network Hacker Returns Remainder of Stolen $610M appeared first on BeInCrypto.

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White Hat Rescue Operation Saved SushiSwap (SUSHI) from Losing $350 Million

Decentralized exchange (DEX) SushiSwap was saved from joining the long list of hacked DeFi platforms after a white hat discovered an exploit and prevented a potential $350 million theft.  SushiSwap Rescued from Being Hack Victim Samczsn, a research partner at venture capital firm Paradigm, prevented SushiSwap’s MISO platform from losing $350 million worth of ETH.Read More

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White hat potentially saves SushiSwap $350M by finding ‘obvious’ exploit

The security researcher found a flaw in a Dutch auction smart contract that could have resulted in the loss of 109,000 ETH.

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Poly Network offers white hat hacker who stole $600M bounty reward, company position

DeFi project Poly Network promised the hacker, who made off with more than $600 million worth of tokens last week, a $500,000 bounty to restore the funds and offered them the position of “chief security advisor,” CNBC reported.

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Poly Network Declares the Hacker a “White Hat” After He Returns Almost All the Stolen $610 Mln

What remains to be recovered is the $235 million of funds that have been sent to a “shared multisig” account which requires the keys from both the Poly Network and the hacker to access and the $33 million USDT frozen by Tether.

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'White hat hacker' exploits THORChain's 'Achilles heel' to the tune of $8M

Cryptocurrencies such as Bitcoin, Ether, and hundreds of others are hot commodities in online trading, and a smart investor can make a big profit from them. However, the prospect of quick riches can bThe post 'White hat hacker' exploits THORChain's 'Achilles heel' to the tune of $8M appeared first on AMBCrypto.

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Possible ‘white hat hacker’ exploits THORchain for $8M, proposes 10% bounty

The white-hat hacker claims to have mercifully minimized the damage of their $8 million exploit in a bid to teach THORChain a lesson.

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Immunefi partners with Binance Smart Chain on bug bounties to secure BSC projects

Binance Smart chain and Immunefi are partnering to reward white hat hackers who discover vulnerabilities in BSC projects.

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Balancer Labs launches bug bounty program worth $2 million

Non-custodian portfolio manager Balancer Labs has launched a bounty program with a price money of 1,000 ETH, valued at $2 million. Balancer Labs added that it hopes the price will serve as a strong incentive to white hat hackers to search for and report bugs within the Balancer V2 Vault architecture, which will be open […] The post Balancer Labs launches bug bounty program worth $2 million appeared first on Invezz.

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DeFi aggregator raided by five hackers on launch day

Four malicious hackers and one white hat went to town on ForceDAO during its launch day.

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Millions Drained in ForceDAO Attacks, White Hat Returns Funds

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Cover Protocol May Launch New Token Following Attack

Cover Protocol announced it’s exploring launching a new COVER token after its current one was abused in a minting attack by a “white hat” hacker on Monday morning.

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White Hat Hacker Steals $3M from Cover Protocol & Returns It Hours Later

Earlier on Monday, Cover Protocol suffered a major exploitation resulting in the loss of millions of dollars worth of COVER. Condensed down by Twitter user @Luciano_vPEPO, the hacker exploited an infinite minting bug on an incentives contract.

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Cover Protocol Attack Perpetrated by ‘White Hat,’ Funds Returned, Hacker Claims

The exploiter has cashed out over $4 million including about 1,400 ether, one million DAI and 90 WBTC.

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US Charges 3 With Vast ‘Crypto Jacking’ Computer Fraud Scheme

The officers of Chinese "white hat" firm Chengdu 404 allegedly hit computer networks around the world.

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Ethereum Developer Challenges Hackers to Break ETH2 Testnets; Collect $10k Reward

Danny Ryan, one of the core developers of the Ethereum developer community, has challenged white hat hackers to hack into a pair of ETH2 testnets. Ethereum's most significant upgrade since its inception where the Ethereum mainnet will transition from Proof-of-Work (PoW) based mining consensus to Proof-of-Stake (PoS) and has been dubbed Ethereum 2.0. The transition […]

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White Hat Hackers Reveal New Scam Scheme: Insights at BlockShow Asia

BlockShow Asia 2019, an international blockchain event powered by Cointelegraph, is taking place at Singapore’s iconic Marina Bay Sands from Nov. 14 to 15.

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Binance Jersey To Compensate Hacker Who Got Hold Of Its Domain Name And Twitter Account

Binance Jersey will issue a security bug bounty to the white hat hacker who got hold of its domain name and twitter account. On August 16, Binance Jersey confessed that a hacker was successful in compromising its website’s domain name and also gaining access to its twitter handle, @BinanceJE.

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Binance KYC Hacker Flip-Flops Between White Hat And Asking For Ransom

Pseudonymous hacker “Bnatov Platon," who claims to be in possession of 60,000 photos of Binance users and their IDs, has gone back and forth between claiming to be a white hat hacker who wanted to show the exchange's know-your-customer security was weak and blackmailing Binance for 300 bitcoin.

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An Extortion Gone Bad: Inside Binance’s Negotiations With Its ‘KYC Leaker’

This is the inside story of how a "white hat hacker" approached Binance with inside information - and how it went wrong.

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An Extortion Gone Bad: Inside Binance’s Negotiations With Its ‘KYC Hacker’

This is the inside story of how a "white hat hacker" approached Binance with inside information - and how it went wrong.

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Хакеры из White Hat за неделю имеют более $32 000 за обнаружение багов в криптопроектах

Далеко не все хакеры зарабатывают на краже и взломах. Например, хакеры White Hat, которым платят за исправление выявленных уязвимостей в безопасности в различных блокчейн-проектов, могут заработать более $32 000 в неделю совершенно законно.

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White Hat Hackers Earn $32,000 for Finding Crypto Security Exploits in Last Two Months

White hat hackers reportedly earned over $32,000 in bounties for finding security gaps in blockchain- and crypto-related projects in the last two months

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White Hat Hackers Profit Big Off The Blockchain Industry, Fixing Flaws For Popular Platforms

Hackers Are Making A Big Profit Off The Crypto Industry, Fixing Bugs In Popular Platforms Hackers have been paid over $32,000 for their exposure of vulnerabilities in crypto platforms since March 28th.

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

In the past seven weeks, white hat hackers earned at least $32,150 by fixing security flaws in popular cryptocurrency and blockchain platforms like TRON, Brave, EOS and Coinbase. According to data reviewed by Hard Fork, 15 blockchain-related firms have paid rewards to security researchers between March 28 and May 16, split across 30 publicly-released bug reports.

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Researchers Find Critical Vulnerability in TRON Which Could Crash Its $1.6B Cap Blockchain, Gets Just $1,500 Reward From TRON Foundation

The TRON Foundation has announced that a critical vulnerability was found by a white hat hacker, which could have… The post Researchers Find Critical Vulnerability in TRON Which Could Crash Its $1.

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CoolWallet S Review: An ‘Everyday’ Wallet for Crypto?

The CoolWallet S, made by CoolBit X, combines hot and cold storage solutions, blending the mobility afforded by software wallets with the enhanced security features offered by hardware wallets.

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Tesla Wreck Hack Blindsides Unsuspecting Model 3 Owners

Your smartphone, your smartwatch, and your laptop are all probably recording your information. Big deal – you knew that already. But what you might not have known is that your Tesla Model 3 is also a veritable gold mine of personal information.

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Хакеры из White Hat за последний месяц обнаружили 43 ошибки в 13 криптокомпаниях

Хакеры из White Hat за последний месяц выявили 43 ошибки, проведя исследования в 13 криптокомпаниях, включая проект EOS и криптобиржу Coinbase. По сообщению издания Hard Fork, 13 компаний, работающих в сфере криптовалют и блокчейна, получили 43 отчета об имеющихся уязвимостях от хакеров White Hat только за последний месяц.

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Хакеры White Hat обнаружили более 40 уязвимостей в криптовалютных проектах

Согласно исследованию, проведенному The Next Web (TNW), за последние 30 дней хакеры White Hat направили в общей сложности 43 сообщения об уязвимостях 13-ти криптовалютным компаниям. Наибольшее количество таких сообщений получила игровая блокчейн-платформа киберспорта Unikrn, на которой, как сообщается, было обнаружено 12 ошибок.

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Хакеры White Hat нашли уязвимости у 13 криптокомпаний

За последние 30 дней хакеры White Hat направили в общей сложности 43 сообщения об уязвимостях 13-ти криптовалютным компаниям.

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Security researchers found over 40 bugs in blockchain platforms in 30 days

White hat hackers have found more than 40 bugs in blockchain and cryptocurrency platforms in the past 30 days, according to an investigation by Hard Fork. There is a silver lining though: none of the vulnerabilities appear to be particularly serious at first glance.

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