Who found a "nuclear bomb" on Coinbase will receive a $250,000 reward
Cryptocurrency exchange Coinbase will pay $250,000 to a Twitter user named Tree of Alpha who discovered a "market nuclear bomb."
Tree of Alpha found a bug in the Coinbase trading platform that allowed him to cheat the system and sell Ethereum (ETH) as bitcoins. He transferred 0.024Z ETH from his account to exchange 0.024Z BTC to dollars and made about $1000 instead of $70.
On February 11, the trader asked for help in contacting Coinbase management to submit a report on the platform vulnerability. Exchange representatives confirmed the error and promptly fixed it.
The company will award Tree of Alpha $250000 for finding the bug. Interestingly, decentralized financial services pay much more for bug finding. For example, the Wormhole protocol set a $10 million bonus for identifying vulnerabilities.
