NEAR Intents GM's Public Bug Bounty Plea After $3.8M Exploit
Original title: How a Bug Bounty Can Buy a Lambo Without the Jail Risk
Watch on YouTube Opens on youtube.com in a new tab. Playback here uses youtube-nocookie.com.
Summary
After NEAR Intents' $3.8 million exploit, GM Alex Shevchenko publicly urged hackers to use bug bounties instead of disrupting services. He tells Laura Shin that hacking is a bad trade: stolen funds face black liquidity, a high chance of being traced and the risk of jail. He also says a hacker cannot tell the story publicly. By contrast, he argues a bug bounty can be large enough to buy a Lambo. The clip is from a longer conversation about the NEAR Intents exploit, its recovery and blocking stolen funds. Shevchenko also makes a plea to white hat hackers.
This AI summary uses the title, description and tags. It may miss context from the full video. How summaries are checked
Key points
- NEAR Intents had a $3.8 million exploit, according to the video description.
- NEAR Intents GM Alex Shevchenko publicly urged hackers to use bug bounties instead of disrupting services.
- Shevchenko says hacking is a bad trade because stolen funds face black liquidity, tracing risk and jail risk.
- He says a bug bounty can be big enough to buy a Lambo, while a hacker cannot tell the story publicly.
- The clip comes from a longer conversation on the NEAR Intents exploit, its recovery and blocking stolen funds.
Questions
What did Alex Shevchenko urge hackers to do after the NEAR Intents exploit?
He publicly urged hackers to use bug bounties instead of disrupting services.
Why does Shevchenko see hacking as a bad trade?
He cites black liquidity, a high chance of being traced, the risk of jail and a story the hacker cannot tell anyone.
What does Shevchenko say about a bug bounty?
He says a bug bounty can be large enough to buy a Lambo.
A video appearing here is not an endorsement. Crypto assets can lose value. This page provides information, not investment advice.