Takeaways from Our $250,000 Bounty For Hacking Our Cold Wallet

GK8's $250,000 bounty for hacking is one of the largest bounties ever offered for such a program. The company says it's important to lure in the top hackers in the world with a major incentive to prove your wallet can withstand any attack. Companies should consider the possible collateral damage, which can include DDOS attacks, ransomware attacks, and reputation damage. The prize offered needs to be high enough to tempt the bad guys -- generally known as black-hat hackers -- who know what they're doing.