Researchers over the years have pointed out the security flaws in some of the largest cryptocurrency and blockchain networks, despite those projects being worth billions of dollars. Most of the time, these researchers get paid for identifying such flaws as it helps the projects take care of the bugs and provide better security for their users.
Dutch-based Guido Vranken, after conducting extensive research and analysis on the EOS network, found some bugs in it. According to Block.one bug bounty program, Vranken was rewarded with a sum of $120,000.
This was made known by Jon Bottarini on Twitter when he tweeted congratulations to Vranken.
How to make $80k in one day: Blockchain bugs. Congrats @GuidoVranken and best of luck on your future bugs! #bugbounty @Hacker0x01 Find bugs on @eos_io and get rewarded on HackerOne! https://t.co/YpsA2LdIA0 #EOS pic.twitter.com/ZHrr6ifoKV
— Jon Bottarini (@jon_bottarini) June 4, 2018
Guido Vranken replied the tweet, stating that;
Thank you. A couple more waiting to be rewarded. I think the final tally was $120K but I lost count. Took me about a week.
— Guido Vranken (@GuidoVranken) June 4, 2018
Vranken revealed that he discovered a total of 11 bugs on the EOS network last week. In their report, The HackerOne revealed that Vranken has already been given $90,000 from the bounty payment by Block.one for the nine bugs he discovered on their network.
Vranken revealed that he received a total of $120,000, adding that the rewards are still coming in. This isn’t the first time he is receiving such rewards as he has previously reported some flaws with the Ethereum, Ripple, and Stellar networks.
Vranken added that he was offered a position in Block.one after he made them aware of his findings.