Blockchain companies awarded nearly $1M in bug bounties through HackerOne in 2019

Layer 1s • January 13, 2020, 4:16PM EST
UPDATED: January 13, 2020, 9:45PM EST
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

Cryptocurrency and blockchain companies awarded hackers nearly $1 million through the security vulnerabilities platform HackerOne in 2019.

According to data shared with The Block, cryptocurrency and blockchain companies on HackerOne's platform paid developers and bug-catchers a total of $968,504 last year for finding and addressing system vulnerabilities.

The amount marks a 64% surge from 2018. As reported at the time by The Next Web, Block.one awarded a significant amount – more than $500,000 – that year. 

Cryptocurrency and blockchain now constitute the fourth-biggest industry when it comes to giving out bug bounties, with Internet services, computer software, and media making up the top three, according to HackerOne. Notable industry firms with presences on HackerOne include Coinbase, Blockchain and Ripple. 

The industry also saw the highest-average bounty payment of $6,124, according to HackerOne's figures. 

AUTHOR

Yilun Cheng profile picture Yilun Cheng

Yilun joined The Block in November 2019. She has a policy background and extensive experience in reporting and writing. She has worked on stories ranging from business to politics.

See More

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yilun Cheng