The post Ethereum reigns as top choice for whitehat hackers, but new contenders are rising appeared on BitcoinEthereumNews.com.

Ethereum remains the preferred blockchain for crypto whitehat hackers, with 87% still favoring it. However, other blockchain networks like Polygon, Arbitrum, Optimism, and Solana are gaining traction, according to Immunefi, a bug bounty and security services company. The report offers key insights into the 2024 trends within the crypto whitehat hacker ecosystem. It explores motivations and challenges to opportunities in the web3 space. Ethereum dominates whitehat preferences as Polygon surges Ethereum maintained its high popularity among whitehats, with 87% of crypto whitehat hackers drawn to the blockchain, down from 94% in 2023. Polygon pushed Solana out of second place, climbing to 59% interest. However, Solana increased its percentage share from 32% in 2023 to 42% in 2024 and remains the sixth most desired network among whitehats. Whitehat blockchain preferences. Source: Immunefi The comparatively newer Arbitrum and Optimism Ethereum Layer 2s climbed to third and fourth place, with 47% and 45% of the hackers interested in the chains, respectively. BNB Chain, Base, Avalanche, Cosmos, and Tezos were also popular among whitehats, although Near, Polkadot, and Fantom have fallen out of favor after 2023. The majority of whitehats reported not using AI tools in their security practices. However, some say they incorporate tools like ChatGPT, Gemini, and CensysGPT for tasks such as smart contract auditing.  Bounty size drives whitehat participation amid a growing blockchain security community Whitehat hackers only seek vulnerabilities or exploits when they are legally permitted to do so. Among the major issues pointed out by crypto whitehat hackers this year was improper input validation, which has risen from 9% to 47% of all vulnerabilities targeted by whitehat hackers.  Reentrancy attacks, which entail using code execution to deplete smart contracts, decreased from 43% in 2023 to 16%. Incorrect calculations and inadequate access control were also significant vulnerabilities, accounting for 35%…

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Filed under: News - @ October 7, 2024 9:21 pm