Cybersecurity
Ethereum ‘Bug Bounties’ Jump to $1 Million Before Software Upgrade
- Foundation wants to reduce the number of issues during change
- The Merge is seen taking place between Sept. 10th and 20th
A coin representing Ethereum cryptocurrency.
Photographer: Luke MacGregor/BloombergThis article is for subscribers only.
The non-profit foundation behind the Ethereum blockchain is quadrupling the rewards it will pay to friendly hackers who uncover bugs in the code of its much ballyhooed software upgrade to as much as $1 million.
Until now, the so-called bug-bounty program was offering payments of up to $250,000 and a place on its leaderboard to hackers who uncovered critical errors. The increase was announced in a blog post Wednesday.