The developer claims that once he reported and assisted in patching a smart contract issue, the projects he worked on began to disregard him.
Finding vulnerabilities to stop potential losses becomes of the utmost importance as hackers and exploits continue to proliferate inside the cryptocurrency industry. A Web3 developer pointed out that doing so is not profitable.
A Web3 engineer claimed in a tweet that he discovered a Solana smart contract vulnerability that may have compromised numerous projects and almost $30 million in money. He revealed the flaws and assisted in their patching, the developer claims. However, the projects just started to ignore him when it came time to request a reward.
This, according to the developer, sends the wrong message because it implies that projects would rather be compromised than have serious vulnerabilities discovered. He stated:
This is the reason why incidents like the Mango exploit to occur, where the exploiter first steals the money before starting to bargain. No real motive exists to report.
The developer’s sentiment was mirrored by others in the community. A different developer, Smit Khakhkhar, reacted by saying that he had made the same error numerous times. This, he argued, is “one key reason why hackers exploit first and then negotiate.” However, a Twitter user speculates that it’s also conceivable for engineers working on the projects to covertly wish to use the code for their benefit. As they tweeted:
Some believe that this will cause the upcoming crypto cycle to be a break-and-fix cycle. The community member said that while shorting projects, traders can pay blackhats to target important flaws.