Hacking Crypto? Well, Apparently, You’re Probably Doing It for Good

According to a current study by Immunefi, white hat hackers primarily split crypto to resolve technical issues. Whether you think that depends on you.

On Thursday, Immunefi, a bug bounty platform for Web3, launched brand-new data which reveal that cash is not an important incentive for white hat hackers.

According to their Hacker Community Study, 77% of participants are more thinking about resolving technical difficulties than getting an income. Followed by 69% thinking about cash, 62% in profession chances, and 38% in the neighborhood. Other elements that inspire them are learning more about the web’s future and decentralization innovations and remaining ahead of the curve.

A white hat hacker is somebody who makes use of systems and networks for ethical functions. Their stated objective is to evaluate and enhance the systems they get into. Often this is with approval, and in some cases without. They differ from “black hat” hackers, who make use of for the functions of individual gain.

Crypto Hacking Is a Young adult’s Video game

This might come as a surprise to the countless victims of crypto exploits. According to Chainalysis, in 2015 exceeded for the variety of funds taken. So maybe white hats are required more than ever?

According to the report, most of white hat hackers are in between 20-29 years of ages (54%), with a little portion being over 40 years of ages (12.4%).

While more females are attempting making use of crypto, most of white hat hackers are male (95.5%). Likewise, the majority of them think about hacking their main task (55.8%), with the remainder of the participants doing it in their downtime and working as software application designers within the web3 or security markets.

When it pertains to chains, white hat hackers are primarily thinking about Ethereum (92%). The others route far behind. Solana (SOL) remains in 2nd location at 31%, followed by Avalanche (AVAX) at 20.4%, Universe (ATOM) at 13.3%, and Tezos (XTZ) at 8%.