Teller awards $50K to whitehat hacker for disclosing critical vulnerability
Whitehat Bugdefeat disclosed a critical vulnerability in Teller to Immunefi on July 30. That vulnerability, which consisted of an uninitialized proxy, could have led to a loss of more than 1 million DAI if exploited. No user funds were lost, and the vulnerability has been patched. Although Teller didn’t have a bug bounty program at the time of the report, they are awarding the whitehat with a $50,000 bounty. Since more than 1 million in funds were at risk, the whitehat will also receive the Founders Bounty, offered by ArmorFi CTO Robert Forster via Immunefi. The Founders Bounty is a reward of 125,000 ARMOR tokens, vested over 24 months, which is given out to any hacker who finds a vulnerability in any live Ethereum project where more than 1 million in funds is at risk.
After this stunning success with responsible disclosure, Teller is joining Immunefi with a bug bounty today, featuring a $50,000 award for critical vulnerabilities. You can find more details on Teller’s bug bounty page.
Details on the vulnerability and fix in the link below…
submitted by /u/smartchris
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