Web3 White Hats: Lucrative Bounties in Cybersecurity
Ethical hackers, or "white hats," are earning millions in Web3 by discovering vulnerabilities in decentralized protocols. Platforms like Immunefi facilitate these payouts, with over $120 million distributed to date. Thirty researchers have achieved millionaire status through their work.
The stakes are high, with a $10 million bounty paid for a critical flaw in Wormhole's bridge. While early DeFi saw contract bugs, current threats include social engineering and compromised keys. Cross-chain bridges remain lucrative targets.
Despite evolving threats, Web3 security offers autonomy and rewards directly tied to impact, making it a vital career path.