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Coinbase Drops $5M Bombshell: Bug Bounty on Cantina to Fortify Base and On-Chain Ecosystem
Coinbase Drops $5M Bombshell: Bug Bounty on Cantina to Fortify Base and On-Chain Ecosystem
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Coinbase just weaponized white-hat hackers with a $5 million treasure hunt—and the entire crypto space is watching.
The Cantina Gambit
The exchange's bug bounty program targets vulnerabilities in Base (its Ethereum L2) and core on-chain products. No 'trust us, we're secure' hand-waving—just cold hard cash for exploits found before black hats strike.
Security as a Spectator Sport
With DeFi hacks draining $1.8B in 2024 alone (thanks, 'code is law' purists), Coinbase's move pressures rivals to ante up. Too bad most can't afford the table stakes—their security budgets are tied up in celebrity Super Bowl ads.
One thing's certain: in crypto, the only thing growing faster than TVL is the creativity of thieves. At least now they've got competition.
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