The Cry for HelpThe initial bug that set things off was discovered by a Chinese internet security firm. This vulnerability would have allowed the EOS blockchain to be taken over by one clever hacker. After being reported, the bug was quickly dealt with by Block.one, but soon after Dan Larimer tweeted looking for help from the community for more potential bugs.
The reward offered was met with some criticism by the community, who felt that Block.one should be able to offer more considering the company had just completed a $4 billion ICO. Despite this criticism, one ethical hacker was more than happy to take the company up on its offer. In the span of about a week, Guido Vranken discovered 11 bugs on the EOS blockchain and dutifully reported them to Block.one. >> EOS dApps: What's Getting Built on the EOS Blockchain?
Help us find critical bugs in #EOSIO before our 1.0 release. $10K for every unique bug that can cause a crash, privilege escalation, or non-deterministic behavior in smart contracts. Offer subject to change, ID required, validity decided at the sole discretion of Block One.— Daniel Larimer (@bytemaster7) May 28, 2018