An ethical hacker, who potentially saved the entire cryptocurrency market from disaster by discovering a flaw in Coinbase Global Inc. platform, has been paid a reward by the latter.
What Happened
The hacker, who goes by the handle “Tree of Alpha” on Twitter, said they were paid $250,000 by Coinbase as its largest-ever bounty.A flaw in Coinbase’s “Advanced Trading” feature would have allowed a malicious user to sell Bitcoin or any other coin without owning the underlying asset. Tree of Alpha said on Twitter that Coinbase’s reaction speed on a Super Bowl Friday “averted a possible crisis.”
