This man made $120K for finding bugs in EOS coin system – Research Snipers

This man made $120K for finding bugs in EOS coin system

EOS coin

Researchers have constantly demonstrated that even the biggest digital money and blockchain platforms regularly experience the ill effects of serious security vulnerabilities – that is notwithstanding being worth billions of dollars. So in case you’re hoping to make a snappy buck with your exceptional bug testing aptitudes, you need to take a signal from this specialist who found a progression of bugs in trending blockchain solution EOS.

After a careful examination of the innovation, Dutch ethical hacker Guido Vranken found a few vulnerabilities in the EOS system which qualified him for a robust $120,000 compensate from the organization’s bug bounty program.  Vranken says he found 11 affirmed bugs in the EOS programming a week ago. The HackerOne report uncovers that the programmer has officially gotten $90,000 in abundance installments from EOS parent organization Block.one for nine distinct bugs he found in the framework. As per Vranken, the aggregate sum owed to him approaches $120,000 and the prizes are as yet pouring in. He has likewise beforehand announced bugs to Ethereum, Ripple, and Stellar.

In fact, Vranken says that EOS purportedly offered him a position in the organization soon after he announced his revelation.

 

EOS has gotten far reaching feedback for the absence of product development and the security glitches regardless of bringing $4 billion up in a year-long initial coin offering (ICO). Simply a week ago, Chinese web security organization, Qihoo 360 found a progression of high-chance vulnerabilities with EOS before the system’s mainnet dispatch on June 2, 2018.

Qihoo 360 said that Block.One has guaranteed to hold off EOS mainnet dispatch until the point that the vulnerabilities are killed, yet the organization proceeded with the dispatch in any case expressing that every one of the bugs will be settled when of the dispatch. Reports have since shown that days after the official dispatch, the EOS blockchain is still not completely up and running.

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