A Q&A with the researcher who identified Coinbase's 'market-nuking' trading bug

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A Q&A with the researcher who identified Coinbase's 'market-nuking' trading bug by fintechfrank

To learn more, The Block sat down with the research to ask him about his background, the Coinbase bug, and what it means for crypto adoption.How did you get involved in the space and discover these types of exploits?I started in crypto around end of 2017, basically buying the top with pennies, as a newly-graduated software engineer.

Bounties have to be sizeable enough to turn grey hats into white hats, yet not big enough that hundreds of people will start poking everywhere. According to the overall Twitter response, it looks like a 7-figure bounty was expected. You also need to take into account that centralized entities are much more likely to be able to cover the damages from an exploit than a decentralized project. The beauty of crypto is that you have the choice: entrust your funds to an exchange, or self-custody and take responsibility for everything that entails.This is a hard one: I do not know.

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Coinbase rewards researcher $250,000 for discovering 'market-nuking' bugThe bug, which was discovered by anonymous account Tree of Alpha, allowed the person to sell 0.0243 BTC on Coinbase's exchange with 0.0243 Ether. Wow, what cheap skate. Had that been a bad actor the exploit could be catastrophic. I have been making huge profits in real time, the crypto market has been a source of great income for me, all thanks to 'Mrs Crypto Candice', she is doing a great job managing my portfolio Candicestewartt. Amazing exchange
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Coinbase Fixes 'Potentially Market-Nuking' Flaw | CoinMarketCapCoinbase has fixed a 'potentially market-nuking flaw' that could have allowed malicious users to sell Bitcoin without owning it 😬 But the exchange is facing a backlash after giving a bug bounty of just $250,000 to Tree_of_Alpha 💰 Tree_of_Alpha SAFEMOONARMY Tree_of_Alpha I truly believe previous dip was to scare retail into selling, allowing institutions to buy cheaper, They were late to the game, they needed a better entry. Follow Cryptofundedtra tweets, posts, tips and predictions I have added massively to my hold Follow him Tree_of_Alpha BabyDoge 🌠🌠🌠
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