BigONE has launched a hacker reward program with a total prize of up to 8.1 million USD to assist in recovering stolen cryptocurrency assets.
This program calls for cybersecurity experts worldwide to collaborate in tracing and identifying the perpetrators, contributing to enhancing security in the cryptocurrency ecosystem.
MAIN CONTENT
BigONE announces an 8.1 million USD bounty program for tracing hackers.
Prioritize mobilizing the white hat community to trace and identify the attacker.
Emphasize the commitment to protect assets and promote security in the cryptocurrency sector.
What has BigONE done to respond to the cryptocurrency asset theft?
BigONE officially launched the hacker reward program with a total value of 8.1 million USD to attract security experts to assist in verifying the incident and tracing stolen assets.
According to BigONE's announcement in July 2024, this move reflects a proactive effort to protect user rights as well as strengthen the trust of the cryptocurrency community.
Who is the bounty program for and what are its goals?
The program is designed for white hat hackers worldwide to identify the perpetrators and recover stolen assets.
BigONE calls for the participation of cybersecurity experts to promote the detection and prevention of illegal activities while recovering assets for users.
Collaboration between cybersecurity experts and trading platforms is key to creating a safer and more transparent cryptocurrency financial environment.
Nguyễn Văn Hùng, Cybersecurity Director, BigONE, 2024
Why is the implementation of bounty programs important for cryptocurrency platforms?
The bounty program helps ensure asset safety for users and enhances the exchange's reputation in the eyes of investors. Data from reputable platforms show that collaborating with the security community helps minimize damage from significant attacks.
For example, a report from Cybersecurity Ventures (2023) states that bounty programs have helped detect over 70% of serious vulnerabilities on major cryptocurrency financial platforms.
Platform Bounty Program Value (USD) Goals Achievements BigONE 8.1 million Trace and recover stolen assets In implementation, attracting the global security community Binance 5 million Identify security vulnerabilities Detect and patch over 100 vulnerabilities each year Coinbase 2 million Protect user wallets and information Enhance security, minimize attack risks
Frequently Asked Questions
1. How does the bounty program help cryptocurrency users?
The program facilitates early detection of security vulnerabilities, enhances asset safety for users, and protects the cryptocurrency ecosystem.
2. Who can participate in BigONE's bounty program?
Program for cybersecurity experts, white hat hackers globally with experience in cybersecurity and cryptocurrency.
3. What is the total prize value of the BigONE hacker tracing program?
The program currently has a total prize value of 8.1 million USD to stimulate community participation in tracing the theft.
4. How does the bounty program contribute to asset recovery?
Thanks to the detection and reporting by cybersecurity experts, exchanges can quickly verify and trace stolen assets for reimbursement to users.
5. Do other cryptocurrency platforms implement bounty programs?
Many major exchanges also apply bounty programs with varying rewards to improve security systems and build customer trust.
Source: https://tintucbitcoin.com/bigone-thuong-81-trieu-usd-hacker/
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