A $2 Million Bounty Offered by a Leading Global Crypto Exchange for Uncovering Bugs

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    Crypto.com has unveiled a reinforced approach to its security strategy by substantially increasing its bug bounty program with HackerOne. The newly raised bounty is a staggering $2 million for uncovering critical system flaws.
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      <h2>Significance of the Increased Bounty</h2>
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    Per a Fortune magazine article, this substantial increment in bounty payout not only eclipses former rewards but also sets a record on the HackerOne platform. Since its participation in bug bounty initiatives starting 2018, Crypto.com has distributed over $539,130 in payouts. 
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    "As we scale our operations at Crypto.com and the industry evolves, adherence to our foundational principles of security and compliance becomes increasingly paramount. This enlarged bounty program reinforces our commitment by amplifying the stakes," remarked Kris Marszalek, CEO of Crypto.com.
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    Crypto.com is acknowledged as a major player in cryptocurrency trading, servicing over 100 million users worldwide in 90 nations. The firm is touted as the first within the digital asset space to obtain a multitude of security accreditations across its offerings.
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      <h2>Criteria for the $2 Million Bounty</h2>
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    Crypto.com values the ethical hacking community as an integral part of its security force, acknowledging their proficiency in spotting vulnerabilities. The $2 million reward awaits those who find flaws that could potentially lead to substantial financial loss or compromise user data.
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    Tech giants like Google and Intel also run similar bounty programs. Google's security reward program invites external researchers to report security issues in Google and Alphabet subsidiary web services, which could lead to a reward of up to $30,000. 
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    Intel's program motivates researchers to collaborate with the company in identifying and providing information about possible security threats.
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