Researchers Receive $120k Within a Week for Revealing Bugs in EOS Source Code

It has been an incredible week for Guido Vranken, software security researcher after he exposed 12 vulnerabilities in the EOS software.

Making use of the bounty platform HackerOne, EOS developer Block.one introduced a bug bounty program to update the product on May 31, 2018, which Vranken took advantage of.  HackerOne indicates that Vranken received a total of $90,000 but stated on Twitter that the final figure will be $120,000 after the tally updates.

Currently, EOS is improving the hacker activity and has shown appreciation for other hackers. Presently the fix amount for exposing any bug in the software is $10,000. According to reports, EOS team members were pleased by Vranken’s effort and offered him a permanent job. But is it uncertain if he has accepted the position.

Vranken has effectively discovered an overall of 92 software bugs in companies including Twitter, Tor, OpenSSL, Dropbox, Yahoo!, Slack, Trello, and HackerOne.  He has been carrying out this work since 2014 and sometimes reveals the details on his official website.

For the time being, EOS ended its ICO on June 1, 2017. Shortly after the mainnet software’s expected released date, a serious security vulnerability was found, however, developers managed to patch the code fast enough to ship the code on time.

Following a total of $4 billion raised in the ICO, EOS mainnet software EOSIO 1.0 was launched finally on June 2, 2017.  With a market cap of $12.3 billion, the price began to indicate improvement. Presently, it is valued at $14 and is listed on exchanges like Huobi, OKEx, Bithumb, Bitfinex, and Binance.