Tree of Alpha previously discovered “a vulnerability in its new Advanced Trading feature that allows malicious users to sell BTC or other coins without owning it.” The flaw in the code has the potential to “break ‘ the market
Tree of Alpha commented on the flaw: “Vulnerabilities are really worrisome.” However, thanks to the quick reaction of hackers and The “overwhelming community response” to the dangers and help Coinbase avoid the “potential crisis” and Coinbase awarded $250,000 in return.
Tree of Alpha reveals that the prize money “Not too low”
“While giving a higher prize money It might be wiser to deter hackers from exploiting vulnerabilities. But for most workers, $250,000 is a very good sum.”
Ultimately, the incident shed some light on the importance of white hat hackers for industry startups. by the US Department of State It has recently announced that it will offer crypto rewards of up to $10 million to white hat hackers. However, Tree of Alpha insists white hat hackers are important.
Coinbase CEO Brian Armstrong was also among the first to thank the white hat hacker for saving his company.
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