An ethical hacker, who potentially saved the entire cryptocurrency market from disaster by discovering a flaw in Coinbase Global Inc. platform, has been paid a reward by the latter. What Happened The hacker, who goes by the handle “Tree of Alpha” on Twitter, said they were paid $250,000 by Coinbase as its largest-ever bounty. A flaw in Coinbase’s “Advanced Trading” feature would have allowed a malicious user to sell Bitcoin or any other coin without owning the underlying asset. Tree of Alpha said on Twitter that Coinbase’s reaction speed on a Super Bowl Friday “averted a possible crisis.” The white hacker detailed on Twitter how the vulnerability could have affected Coinbase in a Twitter thread. “We will never know what exactly could have happened should a black-hat hacker try to exploit it, and it is better this way,” said Tree of Alpha. Why It Matters Tree of Alpha said on Twitter …
Coinbase Pays out $250,000 Bounty to Ethical Hacker Who Prevented Nuking of Entire Crypto Market by Reporting Critical Flaw
February 24, 2022
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