Coinbase Bug bounty paid out $30,000 for 1 error!

Looking to earn more crypto than just collecting airdrops? Good news, Coinbase bug bounty has given $30,000 reward for reporting a critical error!

Now that's what we call a bug bounty! 

After the recent Cryptopia hack's, we are pleased to see Coinbase is taking action!

What the bug?

According to data from Coinbase’s vulnerability disclosure program on HackerOne. The bug, which was reported on Feb. 11, earned the largest reward ever given out by Coinbase as a bounty.

Generally this does not compare to your regular crypto bounty. A stunning $ 30,000!



Surprisingly, the bug report is not publicly visible, therefore I can only assume it's to reduce liabilities.

But don’t worry, in this case it is fixed now according to Coinbase’s reports.

Based on their four-grade reward system, we conclude that the recently detected issue was quite serious in terms of vulnerability. Specifically, Coinbase’s bug bounty system allocates a $200 reward for small bug cases, $2,000 for average flaws, $15,000 for big vulnerabilities, and $50,000 for critical impact.

Critical impact? That sounds like a serious issue…

According to Coinbase’s bounty system, critical impact risks are system loopholes that allow hackers to access undisclosed data, as well as execute arbitrary code, and extract digital or fiat currency.

Join the Coinbase bug bounty program...

Coinbase recognizes the importance and value of security researchers to keep their community safe. Thus, they encourage responsible disclosure of security vulnerabilities via the bug bounty program described on the hackerone page.

Note: This program is for the disclosure of software security vulnerabilities only

Stay safe!

Be advised to always keep your private keys in your possession. As a result, you won't run into issues that recently occurred when QuadrigaCX founder allegedly passed away.

Another option is to purchase a hardware wallet that secures your keys offline.

It's devastating to lose your coins, as an investor or an experienced airdrop hunter. As we like to say in The Netherlands “Don’t be a thief of your own wallet”.


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