The bounties in crypto are so big because the math is so clear on the cost vs benefits of the bounties. Paying two million to avoid losing a billion is not a bad deal. And there just aren't enough security people yet that market forces have commoditized bounty finding.
Good companies use bounties as yet another security layer - after doing everything else, add a bug bounty!
Almost all crypto bug bounties run through Immunefi. [1] There are lots of > one million dollar bounties. You can see SEI's current bounty page here.[2] The company I work (a different company) for has a one million dollar bounty listed on immunefi.com and median response time of six hours.
Good companies use bounties as yet another security layer - after doing everything else, add a bug bounty!
Almost all crypto bug bounties run through Immunefi. [1] There are lots of > one million dollar bounties. You can see SEI's current bounty page here.[2] The company I work (a different company) for has a one million dollar bounty listed on immunefi.com and median response time of six hours.
[1] https://immunefi.com/bug-bounty/
[2] https://immunefi.com/bug-bounty/sei/