Hackers have netted more than $1.7 billion this year. And the problems are only getting bigger.
In 2020, hackers stole about $120 million from DeFi protocols in 15 separate attacks. With DeFi, billions of dollars in user funds are locked in smart contracts, visible and accessible to all. Also participating is Blueprint Forest, Framework Ventures, Bitscale Capital, P2P Capital, IDEO Colab, The LAO, BR Capital, 3rd Prime Ventures, North Island Ventures and other individual investors. This would perhaps explain why Immunefi, one of the emerging bug bounty and security services platforms for DeFi, has now raised $5.5 million in funding led by Electric Capital.
In the era of Decentralised Finance (DeFi), Web 3.0 bug bounties take on the critical nature of being associated with actual monetary value, not just software bugs. But there is a massive difference between the existing “Web 2.0” bug bounties and the new era of “Web 3.0” bugs associated with blockchains and crypto. In the end, we believe that the situation might change and while DICE is apparently open to the possibility in the future, currently it does not see people taking on the challenge of making mods for Battlefield 3.Traditional Web site and app bug bounty platforms, such as HackerOne and BugCrowd, have been successful in that old-world model. “The complexity of the destructible environments makes things “tricky” at best for those without extensive experience. EA’s VP Patrick Solderlund claims that the Frostbite 3 engine would “ present too much of a challenge for people.” However it doesn’t seem that this is only due to EA not wanting to give the modders of the BF community the ability, but due to the complexity of the Frostbit 3 engine. However apparently this isn’t new information as EA and Dice had originally stated they weren’t sure if BF3 was going to have mod tools in the first place. EA and Dice have reportedly gone on record stating that there will be no mod tools for Battlefield 3, so that means that all thsoe wonderful mods that we experienced for the previous Battlefield titles (remember Desert Combat & Project Reality?) will likely never happen.
Well this is certainly bad news for us PC gamers.
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