Bounty marketplace exec explained how to launch crypto project without getting hacked
Oliver Hörr, Director of Operations at smart bounty marketplace Hats Finance, shared valuable insights at the ETHBarcelona conference on launch ing project s without the risk of being hacked , proposing innovative solutions to code auditing, and encouraging ethical hacking. In his speech, Hörr addressed the challenges of selecting auditors for web3 projects, highlighting the high costs and difficulty verifying their track records. To overcome this, he proposed two solutions. The first involves auditors having a “skin in the game” by allocating a portion of their payment into a bug bounty, sharing the project’s risk. This approach allows projects to consider tier two and three auditors, offering better value for the price. The second solution focuses on improving code auditing by offering financial incentives to auditors. This encourages thorough code review and timely vulnerability notifications. Additionally, Hörr discussed conducting audit challenges or competiti...