US offering up to $10 M in crypto rewards to white-hat hackers

The US is offering crypto rewards to white-hat hackers for information of suspected terrorists relating to their operations.

US offering up to $10 M in crypto rewards to white-hat hackers

New platform named “Rewards for justice” of The U.S State, enables to white-hat hackers to submit some unknowing or suspicious information and tips. For their contribution of data they get Rewards of up to $10 M in crypto assets.  

At Black Hat USA event the “Rewards for justice” platform was promoted .The event ran from 31 july to 5 Aug in Las Vegas. Where users enabled to submit their data and information through unsecured Wi-Fi network called #Rewardsnotransoms. This open network’s motive to encourage the people who attends the seminar to log in and access the Rewards for justice website as per the CNN

Information providers can select whether they want to receive compensation in the form of crypto.

Informants provide sensitive information through a secure portal on the dark web — the layer of the internet that is not publicly accessed by commercial companies and search engines. 

Former Director of the U.S. National Counterintelligence and Security Center, William Evanina, described the initiative as the U.S. government’s most public foray into crypto assets ever made.

This program aims to prevent these attacks by soliciting information from hackers with pertinent skills and expertise.

While the platform has already received tips, one State Department official emphasized that cyber-enforcement operations are “not a quick process.”

“We are receiving tips. We are evaluating tips. We'll share those tips with the interagency partners. They must then use that information and reach out and begin their investigation," State Department official said.

Another official predicted the programme will comprise the precursor for similar cyber-policing initiatives in the future, stating:

“I think this offer of cryptocurrency is something that we will be using in the future for other types of rewards. It could encourage other types of sources to come to us with information who may not have wanted to come to us before.”

Read: Microsoft wants to use ETH blockchain to establish anti-piracy

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