Ethereum Foundation doubles bug bounties

Ethereum Foundation temporarily doubles Byzantium-related bug bounties
21 September 2017   1129

It's been a significant week for Ethereum. 

  • The first iteration of Metropolis upgrade is finally being tested on Ethereum’s testing network: the Ethereum Ropsten testnet has reached block number 1,700,000. Hence, Geth 1.7 has automatically implemented nine Ethereum Improvement Proposals (EIPs) as well as the Byzantium hard fork.
  • On top of that, the zkSNARK part of a Zcash transaction was verified on the Byzantium testnet. 

Now, the Ethereum Foundation has increased bounties for certain Byzantium-related bugs in an effort to boost cross-client consensus and reduce susceptibility to denial-of-service attacks before the Byzantium mainnet hard fork takes place, as reported by ethnews.com.

In order to get some extra eyes on the Byzantium implementations, we’ve temporarily increased the rewards: Between now and the Byzantium mainnet hardfork, we will double the ratio of points-to-USD for any vulnerabilities affecting cross-client consensus or Geth denial-of-service. A ‘High’ can thus yield up to $30K USD, and ‘Critical’ up to $50K USD. All Byzantium functionality is considered in-scope, as if it was already enabled on the mainnet.
 

Ethereum Foundation team

This change to the payout scale incentivizes users to improve different clients’ abilities to agree on certain information and to enhance the Geth client’s ability to prevent denial-of-service attacks, which intentionally overload the system with a flurry of requests.

Ethereum charts on coinmarketcap.comEthereum charts on coinmarketcap.com

Meanwhile, at the time of writing, the cryptocurrency's price is about $286, its market capitalization is $27,186,354,851.

Crypto Investor to File Lawsuit Against AT&T

Michael Terpin believes that AT&T helped scammers to still his $24M worth crypto
16 August 2018   120

In the Los Angeles District Court, a 69-page lawsuit was filed by BitAngels founder Michael Terpin against the American telecom giant AT&T. Terpin claims that the operator assisted fraudsters in "stealing digital personal data" from the account on his smartphone, which is why he lost $ 24 million in cryptocurrency, according to an official release.

According to Terpin, for seven months, there were two hacks. Initially, an attacker got access to his phone number without providing a password or correct identification data. Later, the phone number was used to steal crypto.

AT&T’s studied indifference to protecting its customers’ privacy and financial assets is a metastasizing cancer, threatening hundreds of millions of unsuspecting AT&T’s customers. Our client had no idea when he initially signed up, nor when later he was promised the highest level of security for his account, that low-level retail employees with access to AT&T records, or people posing as them, can be bribed by criminals to override every system that AT&T advertises as unassailable.
 

Pierce O’Donnell
Lead counsel for Terpin in this complaint

Michael Terpin requires AT & T to pay him $ 224 million - $ 200 million for moral damages and $ 24 million for actual theft.