On-chain detective ZachXBT publicly questioned the XRP Ledger Foundation’s handling of a recent security vulnerability and its bounty program. He noted that, despite the severity of a flaw that could enable infinite XRP minting, the official entity with billions of dollars in reserves offered only $250,000 to the white-hat hacker who responsibly disclosed it. He argued that such a low reward fails to incentivize security researchers and may instead encourage future attackers to exploit the high-risk vulnerability for hundreds of millions in illicit gains, directly stating that this approach undermines industry trust in XRP Ledger and Ripple.
ZachXBT Criticizes XRP Ledger's Low Security Bounty for Infinite Minting Vulnerability
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Summary
ZachXBT has criticized the XRP Ledger Foundation for offering a mere $250,000 security bounty for a flaw that could enable infinite XRP minting. He argues that the reward does not reflect the true risk to blockchain security. Given the billions in reserves, the response raises concerns about incentives for contract security. This could discourage white-hat researchers and embolden malicious actors. Trust in the XRP Ledger may erode if vulnerabilities are not adequately valued.
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