Coinbase is taking part in this years "Hack the world" competition for White Hat (good) hackers who help companies find, and fix security holes.
$50,000 is the grand prize - if a hacker can pull off remotely executing code on coinbase's servers.
But that's not all they're offering, additional rewards include:
$10,000 for XSS/CSRF/Clickjacking affecting sensitive actions.
$7,500 for theft of privileged information.
$5,000 for partial authentication bypass.
and $3,000 for a variety of "lesser tasks".
Coinbase isn't new to this idea either, they proudly admit - they've already paid $176,031 in bounties to 223 hackers/researchers.
The practice is actually commonplace among tech companies and other sponsors of this event include Airbnb, Uber and Dropbox.
"Hack the world" is in progress now, and wraps up November 18.
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Author: Ross Davis
San Francisco News Desk
