Find a Bug in Facebook’s Libra Crypto Software and Get Paid $10,000

Journalist:
Mark Emem @cointributor
August 28, 2019

Facebook’s cryptocurrency project is offering security researchers from anywhere in the world thousands of dollars to find bugs in its Libra cryptocurrency testnet.

The Libra Association, which is in charge of the cryptocurrency project, will pay up to $10,000 for any critical vulnerabilities that will be discovered. These critical vulnerabilities include cryptographic implementation flaws which allow for the bypassing of signature validation.

Additionally, virtual machine flaws which allow the alteration of the execution of smart contracts written in Libra’s own Move language are classified as critical vulnerabilities.

Libra Vulnerabilities Pay

Security researchers who discover vulnerabilities whose severity is categorized as high will receive $5,000. The discovery of medium-level flaws will earn security researchers $1,500. The bug bounty for low-level flaws is $500. Libra Association estimates that it will reward the bounties in 14 business days after receiving a report and carrying out an investigation.

Libra Bug Bounty | Source: HackerOne

Libra testnet’s been put to the test before

This is not the first time the Libra Association is inviting security researchers to poke holes into its cryptocurrency’s testnet with a view of testing its robustness.

After announcing the cryptocurrency in June, the Libra Association invited 50 security researchers possessing expertise in blockchain technology to scrutinize the platform. This is what has allowed the project to get to a level where the bug hunting can be broadened.

Prior to the release of the Libra mainnet, the testnet, which is still in the early prototype stage, is currently using a digital currency that possesses no real-world value.

Pleas by U.S. Congress fall on deaf ears

Despite the pushback that Facebook has received over its cryptocurrency plans from all across the world, this is just the latest sign that the social media giant has elected to plunge ahead against all odds. When the co-creator of Libra appeared before the U.S. Congress last month, he indicated that the cryptocurrency would not be launched until after regulatory concerns had been addressed.

He, however, made no promises to halt the development of the cryptocurrency despite a plea by the U.S. Congress to do so.

Last modified (UTC): August 28, 2019 20:17

Mark Emem @cointributor

After words, numbers are my other love... mostly when they are going up and they have nothing to do with taxes or expenses. That makes green my favorite color! Currently a resident of Nairobi, Kenya. Follow me on Twitter @cointributor or email kointributor[at]gmail.com