Coinbase Pays $250K for ‘Market-Nuking’ Security Flaw

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Cryptocurrency exchange Coinbase has actually paid out its biggest ever bug bounty payment– a quarter of a million dollars– for what was referred to as a “market-nuking” security defect that might have enabled users to offer bitcoins they didn’t own.

Coinbase verified the crisis-level security flaw was reported by a third-party scientist on February 11 and activated an emergency situation occurrence reaction that consisted of positioning the platform into “cancel-only mode,” a relocation that disabled all brand-new trades.

The concern was independently reported to Coinbase by means of HackerOne however not prior to a confidential Twitter account alerted of the “market-nuking” effects of the discovery.

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