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OpenSea give away $200,000 to two ethical hackers for finding bugs on the platform

On September 27, two ethical hackers were awarded an incentive of $100,000 by OpenSea for finding critical bugs on the platform. The pair received individual rewards for identifying distinct, serious vulnerabilities in the NFT market over the previous ten days.

One of the beneficiaries was Corben Leo, a security expert and the chief marketing officer of the security company Zellic.

ethical hackers

Corben apparently earned his $100,000 reward on September 26 for discovering a critical OpenSea vulnerability using the bug bounty platform HackerOne.

Leo told The Block that the vulnerability might have been used by criminals to take money from the platform. Leo said, “It was a flaw affecting their web services. It would have enabled an attacker to hack OpenSea’s infrastructure.”

The second receiver was a Whitehat hacker named Nix, who was awarded for reporting a serious issue on September 19. 

Despite the fact that the flaw was also reported on the HackerOne platform, Nix stated that “the vulnerability report and any information around it are secret.”

A representative of OpenSea apparently confirmed the payments to media platform and added that remedies for the vulnerabilities had been made available. 

The representative said, “We’re happy to see the community’s involvement with this programme, and even more happy that our typical response and patch times have gone substantially faster since the program’s inception in October 2021.”

In terms of trade volume, OpenSea is now the largest NFT platform. The platform has, however, been the victim of several security flaws. 

Earlier this year, a group of hackers had stolen nearly $1 million worth of digital collectibles after the front-end flaw that let them purchase expensive NFTs for much less than their market price.

Depending on the seriousness of the threat, OpenSea gives various prizes. For example, reporting a “low” level smart contract problem might earn a white hacker up to $6,000. On the other hand, the prize for “critical” vulnerabilities can reach $100,000.

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