Hacker Supports Coinbase In Fixing Security Bug, Prevents Losses

It’s been also revealed that there is a hacker who helped Coinbase to resolve a security flaw and also sidestep potential losses.

The white-hat hacker who goes by the pseudonym Tree of Alpha took to Twitter and asked if anyone could get them in contact with Coinbase developers to disseminate an urgent HackerOne report.

The hacker says they found something potentially “market-nuking.”

“Anyone here get me a direct line with someone at Coinbase, preferably the management or dev team, possibly Briant Armstrong himself? I’m submitting a HackerOne report but I’m afraid this can’t wait. Can’t say more either, this is potentially market-nuking.”

It’s been also revealed that HackerOne is a bug bounty platform used by a lot of big companies and entities which include Toyota, Starbucks, Spotify, Nintendo and even government agencies such as the U.S. Department of Defense.

Tree of Alpha was able to get in contact with Coinbase reps and fix the bug just one day later.

It’s been also revealed that Coinbase’s new Advanced Trading feature, which gives traders access to metrics and real-time market data, was temporarily shut down during this time.

Check out more about the platform that we mentioned above in order to learn all the available details.

The programmer highlighted the fact that Coinbase’s quick response and willingness to work together averted a crisis.

“Advanced Trading is resumed, and I have verified that the exploit has been patched as recommended…Coinbase’s swift response avoided some serious company and market damage.”

Coinbase CEO Brian Armstrong thanked the hacker:

.@Tree_of_Alpha you’re awesome – a big thank you for working with our team

love how the crypto community helps each other out!

— Brian Armstrong – barmstrong.eth (@brian_armstrong) February 11, 2022

Stay tuned for more crypto-related news and make sure to keep your eyes on the crypto market.