White hat hacker paid DeFi’s largest reported bounty fee

White hat hacker paid DeFi’s largest reported bounty fee

Cointelegraph spoke to the hacker for insights on the timeline of events, as well as the wider implications of bounty programs on DeFi’s security landscape. Belt Finance, an automated market maker (AMM) protocol operating a yield optimization strategy on Binance Smart Chain (BSC), claims to have paid the largest bounty in the history of decentralized finance (DeFi) to a white hat hacker who averted a $10-million bug crisis. Industry white hat programmer Alexander Schlindwein discovered the vulnerability in Belt Finance’s protocol this week and reported the news to the team. For his....


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