So Status is saying ethereum is riddled with security holes and we need a fix! WTF? 100M ICO and Ethereum 27B market cap! lol..

Ethereum mobile wallet Status, which recently raised more than $100 million in a token sale, has announced a $1 million bug bounty.

Announced at ethereum's annual developer conference Devcon3 today, the program invites people to submit possible solutions to issues currently facing the wallet.

While the initial bounties will be used to compensate people that find bugs within Status' own software, as well as perform other useful tasks, a spokesperson told CoinDesk that more funds will be raised to provide bug bounties for other open-source projects in the future.