I noticed that new projects this day are not using bug bounty hunters to see how strong their security 🔐 is, it's not because they don't have the money, they raised millions and don't care..
It looks like getting hacked is a big excuse to rob people's money, they can easily blame it on hack and say 'we are sorry we get hacked' where as they pray for it or have it in mind to hacked themselves .
I read somewhere that some bugs bounty hunters find bug for few new projects that could have messed up the funds but the project team do not compensate them and ignore the bounty hunter. It's like saying ' who told you to find a bug?' .
It seems we need to take this seriously, any project that doesn't open door for legit hackers ( bug hunters ) to test-run their security or system and claim they are safuu are really not.
If there's a hacking on big platform which conduct such activities here in forum maybe we can conclude that they are really using that to create an excuse. But the way I see in service section where if there is a bug bounty campaign open up mostly this is new platform which test how tight their security is. But also maybe some of long exist platform really do this so we need to be aware with that to avoid getting hacked or get rob by scams.
Cannot conclude any thing without proof and since some of them might have been hacked it would require a investigation for every project that claims to be hacked. It should be up to the platforms to prove that they have been hacked but even then that would be difficult because you would probably need a third party that is not biased to investigate.