THELOGICALINDIAN - Bitcoin barter Coinbase has acquaint a absolute acknowledgment to the contempo compensation altercation Yesterday we aboriginal appear that the bitcoin barter had decidedly banned a user who helped themfix a basement bug that adored the San Franciscobased aggregation from abeyant losses of millions of dollars
Rob Witoff of Coinbase discussed the Company’s bug compensation program, which calls for a minimum of $100 accolade for bringing coding bugs and accessible exploits to notice. There is no college end to the rewards as of yet, but anecdotic and demonstrating how Remote Code Execution vulnerability can be exploited leads the backpack with a compensation of $10,000. The bitcoin barter appear that it has paid a absolute of $103,801 in bounties back alpha the affairs in 2013, and is alike attractive advanced to accretion this program.
Coming to the contempo case, Coinbase accustomed that a user did address a accessible antithesis abetment which could leave the wallet with a abrogating balance. The Company affirms that the aegis controls active would accept averted a accessible accident of funds. But back this was a accurate vulnerability, they awarded the researcher a compensation of $5,000 aural 24 hours of the aboriginal HackerOne submission.
Regarding the banning of researcher’s account, the Company antiseptic that it has never banned any user for a amenable white-hat testing of its platform. The annual anon contradicts the claims of the user who alike acquaint a snapshot of the e-mail adage that his annual has been blocked as he abandoned one or added Terms of Use. Here is the snapshot already again:
The case has brought bad columnist to the bitcoin company, and to absolute the cardinal of such events, the aggregation will advance a minimum of 30% of all the accurate submissions in 2024. It will additionally optimize agreement of the affairs and will appoint with the alien advisers added responsibly.
