Whitehat Hackers Cash In On Security Bounties on Crypto Platforms Stellar, Monero and Augur

Cryptocurrency platforms have taken to offering bounties to hackers recently, as they challenge white-hat hackers to test out their security, investigating for bugs and vulnerabilities in their system.

In a new report from The Next Web, it looks like these hackers have earned a collective $7,400 for their work in correcting the security flaws, distributed by seven crypto related projects.

The projects specifically awarded the bounties for patching 20 separate software bugs in the last two weeks, ranging from March 14^th to today, according to data by HackerOne. Augur, Monero, ICON, and Stellar were among the platforms to pay out these bounties, though Crypto.com, Robinhood, and Omise also paid hackers for their services as well.

This time around, the startup with the most bugs in their blockchain platform was Omise, which supports the OmiseGo cryptocurrency. It was featured in eight vulnerability reports from HackerOne. Augur, a price prediction betting market, had three issues in their code, leading them to award $2,850 in bounties. One of the bugs was classified as a “medium risk,” worth $2,500 on its own.

Crypto.com saw three reports come their way, worth $2,250. Monero, which is highly focused on anonymity, paid for two fixes that hackers discovered, while ICO only had one patch to deal with, though it was worth $1,000. Stellar paid ones as well, but the total that they paid has not been disclosed at this point, just like the two bug bounties awarded by Robinhood.

Most of the reports are locked, which could be for many reasons. Still, the fact remains that there’s been at least $7,400 in payouts to happen in the last two weeks, which could be bad, but at least the repairs to these vulnerabilities are happening.

In the month preceding these payouts, there were 43 bounties paid out, totaling $23,675.

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