On October 12, on-chain investigator ZachXBT publicly criticized the XRP Ledger Foundation's handling of recent security vulnerabilities and its bounty mechanism. ZachXBT stated that for a serious vulnerability that could lead to unlimited issuance of XRP, the official organization with billions in reserves only offered a $250,000 bounty to the white hat hacker who responsibly reported the issue. He believes that such a low reward mechanism fails to incentivize security personnel and may instead encourage future attackers to exploit high-risk vulnerabilities for hundreds of millions in profit, directly stating that this approach undermines industry trust in both the XRP Ledger and Ripple. Previously, the XRP Ledger Foundation announced that the recent security vulnerabilities had been fixed and that no additional XRP had been issued.
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ZachXBT Questions Low Bounty for XRP Ledger: $250,000 Insufficient to Incentivize White Hats
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