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White hat hacker awarded $2M for fixing ETH-creation bug

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Re: White hat hacker awarded $2M for fixing ETH-creation bug

#2
It's not just any white hat hacker, it's saurik who was behind the original jailbreaking tools for iOS and the creator of Cydia, the unofficial app store back then. He is also now the "CTO" (if the term applies) of a well-known blockchain-based VPN, Orchid.

Edit: He has a great write-up about the vulnerability and its discovery on his blog:

https://www.saurik.com/optimism.html

(which was on HN a couple days ago)

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#3
Prior discussion of this incident (and the $2M bounty) here on Hacker News:

https://news.ycombinator.com/item?id=30289240

My (I'm the hacker) article / post-mortem this blog post is referring to:

https://www.saurik.com/optimism.html

At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty (which my article gets into near the end as part of some high-level thoughts on ethics), which is maybe why I am suddenly seeing this appear here again this morning (as this news article is instead focussing on the bounty angle)?

FWIW, the $2M bounty--which was actually listed as $2,000,042 (as they wanted it to sort higher on the list at Immenufi, lol)--was potentially (none of us realized this at the time I "won", and I am honestly still not 100% sure of it now, though I haven't yet come across any counter-examples) the largest single bug bounty payout ever (...though, by only $42 ;P).

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#4
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

But you should have sat on it, laundered it through FBI honeypots and then made a rap album about it !! What have you done telling them about it :D

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#5
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

Congrats on the bug bounty, but even greater congrats on Orchid! Hope you continue to change the face of technology and privacy!

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#6
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

I’m glad you seem to be happy with your payout, but can we talk for a moment about how much you got? For an exploit like this, especially given how much effort was put into it and how much the market rate of a security engineer like this would be, plus given how much this could be worth on the exploit market, $2 million is literally pennies. This could’ve easily been a bug worth hundreds of millions of dollars. I guess Optimism is lucky that people like you are willing to do “the right thing” even if you’re not being compensated fairly for it, but exploits like these are going to keep happening (and we’ve seen a bunch in this space already) unless bounties go up to match their true value.

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#7
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

I’m glad you seem to be happy with your payout, but can we talk for a moment about how much you got? For an exploit like this, especially given how much effort was put into it and how much the market rate of a security engineer like this would be, plus given how much this could be worth on the exploit market, $2 million is literally pennies. This could’ve easily been a bug worth hundreds of millions of dollars. I gue…

[deleted]

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#8
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

But you should have sat on it, laundered it through FBI honeypots and then made a rap album about it !! What have you done telling them about it :D

Is this the reference? https://www.youtube.com/watch?v=SSHrpYeyYV8

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#9
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

Congratulations.

I'm not sure if this was discussed in the previous thread, but does the bug allow the creation of real ETH coins, or it just increase the counter in the Optimism database (or whatever system they are using)?

Re: White hat hacker awarded $2M for fixing ETH-creation bug

#10
post #3

Prior discussion of this incident (and the $2M bounty) here on Hacker News: https://news.ycombinator.com/item?id=30289240 My (I'm the hacker) article / post-mortem this blog post is referring to: https://www.saurik.com/optimism.html At the time of this last getting traction a few days ago, some people were sad that the title of my article and the discussion that resulted focused more on the bug instead of the bounty…

I’m glad you seem to be happy with your payout, but can we talk for a moment about how much you got? For an exploit like this, especially given how much effort was put into it and how much the market rate of a security engineer like this would be, plus given how much this could be worth on the exploit market, $2 million is literally pennies. This could’ve easily been a bug worth hundreds of millions of dollars. I gue…

Morals aside, which seems to be popular in sec communities,

Do you not understand the immense amount of effort they would have needed to expend to hide, not to mention the ongoing stress involved afterward?

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