To learn more, The Block sat down with the research to ask him about his background, the Coinbase bug, and what it means for crypto adoption.How did you get involved in the space and discover these types of exploits?I started in crypto around end of 2017, basically buying the top with pennies, as a newly-graduated software engineer.
Bounties have to be sizeable enough to turn grey hats into white hats, yet not big enough that hundreds of people will start poking everywhere. According to the overall Twitter response, it looks like a 7-figure bounty was expected. You also need to take into account that centralized entities are much more likely to be able to cover the damages from an exploit than a decentralized project. The beauty of crypto is that you have the choice: entrust your funds to an exchange, or self-custody and take responsibility for everything that entails.This is a hard one: I do not know.
Source: News Formal (newsformal.com)
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