Web3 projects would rather get hacked than pay bounty: Finance Redefined

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Web3 projects would rather get hacked than pay bounty: Finance Redefined
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  • 📰 Cointelegraph
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Attack their projects all you want, but Web3 developers are not willing to negotiate with hackers.

insights — a newsletter crafted to bring you significant developments over the last week.

A Web3 developer has claimed that many crypto ecosystem projects would rather get hacked than pay bounties. After reporting and helping patch a smart contract vulnerability, the developer claims that the projects he helped started to ignore him. However, despite a tumultuous year, DeFi, nonfungible tokens and blockchain games drove decentralized application usage across the industry, according to DappRadar’s 2022 report.

within the crypto industry, finding vulnerabilities to prevent potential losses is of utmost importance. However, a Web3 developer highlighted that doing so is not rewarding.

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