Hackers pocketed $878,000 from cryptocurrency bug bounties in 2018

While hardcore cryptocurrency enthusiasts often tout blockchain for its heightened security, the technology is not perfect – and there are often tons of vulnerabilities in the code. Indeed, blockchain companies have received at least 3,000 vulnerability reports in 2018 alone. According to stats from breach disclosure platform HackerOne, blockchain companies awarded $878,504 in bug bounties to hackers this year. The data was compiled in mid-December. By contrast, the total sum of bug bounties awarded by August was $600,000. With $534,500 awarded, EOS creator Block.one accounts for more than 60 percent of all bounties handed out in 2018. Here is the top three…

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