Researcher Earns $120k in 7 Days by Exposing Bugs in EOS Source Code

Software security researcher Guido Vranken had an incredible week this month – he discovered 12 vulnerabilities in the EOS software.

Using the bounty platform HackerOne, EOS developer Block.one launched a bug bounty program to improve the product on May 31, 2018, and Vranken took full advantage of it. At the time of writing, HackerOne shows that Vranken earned a total of $90,000, but he wrote on Twitter that the final number will be $120,000 once the tally updates.

EOS is still updating the hacker activity and has already thanked him, along with another hacker. The base amount for finding any bug in the software is currently $10,000. According to tech news website ZDNet, EOS team members were impressed by Vranken’s work and offered him a permanent job. However, it hasn’t been confirmed whether he accepted the role or not.

Vranken has successfully uncovered a total of 92 software bugs in companies including Twitter, Tor, OpenSSL, Dropbox, Python, Yahoo!, Slack, Trello and HackerOne. He has been doing this job ever since 2014 and occasionally presents the details on his official website.

Meanwhile, EOS completed its ICO on June 1, 2017, almost a year after it commenced. A serious security vulnerability was discovered shortly before the mainnet software’s planned release date, but developers successfully patched the code in time to ship the code on schedule. Nevertheless, users are still waiting for consensus to form around a mainnet launch group.

After raising a total of $4 billion in the ICO, EOS mainnet software EOSIO 1.0 was finally launched on June 2, 2017. With a market cap of $12.3 billion, the price started to show signs of improvement. It is now valued at $14 and is listed on exchanges such as Huobi, OKEx, Bithumb, Bitfinex and Binance.

On June 4, CCN reported that almost 50% of the total EOS tokens are held by 10 different addresses. The in-depth analysis of the distribution of these tokens was presented by a Reddit user. Block.one owns 10% of these tokens, which are listed as “Founders’ Tokens” on the website. In order to make it to the top 100 list, users need at least 646,595 tokens in their addresses.

AUTHOR:Habiba Tahir
Electrical Engineer / Blockchain & Cryptocurrency Writer

SOURCE:https://www.ccn.com/researcher-earns-120k-in-7-days-byexposing-bugs-in-eos-source-code/