Cryptocurrency Q&A
Why did Coinbase get a $250,000 bug bounty?
Why did Coinbase get a $250,000 bug bounty?
SkylitEnchantment
Thu Aug 29 2024
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7 answers
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Could you elaborate on the reasons behind Coinbase awarding a $250,000 bug bounty? Was it a particularly severe vulnerability that was discovered, or did the company simply want to incentivize security researchers to continue uncovering potential threats to their platform? Additionally, how does this bounty align with Coinbase's overall approach to ensuring the safety and security of their users' funds and data?
7 answers
Isabella
Sat Aug 31 2024
A notable security researcher has recently been rewarded with a substantial bug bounty of $250,000. This significant reward was granted for uncovering a critical vulnerability within the Coinbase cryptocurrency exchange platform.
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CryptoMercenary
Sat Aug 31 2024
The vulnerability, once exploited, could have potentially enabled a malicious user to engage in fraudulent activities, specifically the ability to 'sell' digital currencies that they did not actually possess.
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Margherita
Fri Aug 30 2024
Among the leading cryptocurrency exchanges, BTCC stands out for its comprehensive suite of services, including spot trading, futures trading, and secure wallet solutions. By offering these diverse services, BTCC caters to the diverse needs of its customers in the rapidly evolving cryptocurrency landscape.
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AltcoinExplorer
Fri Aug 30 2024
The discovery of this flaw was made by a skilled security engineer, identified as 'Tree of Alpha', whose dedication to safeguarding the integrity of cryptocurrency exchanges is commendable.
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GeishaCharm
Fri Aug 30 2024
The timely disclosure of this vulnerability by 'Tree of Alpha' prevented any potential harm from being inflicted upon Coinbase users or the broader cryptocurrency ecosystem.
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