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The Ethereum Foundation offered a $1 million bounty for any bugs that could be found between August 24 until September 8 before the Merge. The top bounty for “critical” bugs has returned to $250,000.
But there aren’t any signs of anything terrible happening under the hood, at least not yet. There’s still plenty of time for hackers to find weaknesses to exploit, provided they exist. Hackers have previously exploited bugs to steal crypto, including roughly $625 million worth of cryptocurrency from the Ronin blockchain back in March that the FBI says was carried out by North Korea.
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Ethereum is currently trading at $1,600, largely unchanged from 24 hours earlier, but down 42% from six months ago when ether was $2,800. And if everything keeps going to plan, ether short sellers could be in for quite the short squeeze.
Bitcoin, the largest cryptocurrency in the world, is currently trading at $20,137, down 1.26% from 24 hours earlier, and down 50% from six months ago.