The rise of cryptocurrency hacks in 2022 has skyrocketed the demand for blockchain security professionals. Some auditors earn up to $430,000 per year.
Founder of blockchain recruitment firm CryptoRecruit, Neil Dundon said that while security auditing services have long been in demand, the rise of decentralized finance (DeFi) protocols has opened the door for auditors to review potentially vulnerable smart contracts.
A report from Chainalysis earlier this month revealed that hackers extracted more than $2 billion from cross-chain bridge protocols this year alone.
The rise in demand for crypto security auditors has given rise to a lot of job advertisements throughout the industry.
According to job advertisements posted on Cryptocurrency Jobs, blockchain audit firms are primarily looking for experienced programmers with an understanding of blockchain technology, cybersecurity, and cryptography.
Although most security audit salaries fall between $100,000 and $250,000, some companies are willing to pay up to $430,000 per year, according to Web3.0’s job board.
Cryptocurrency recruitment firm Plexus Resource Solutions Zeth Couceiro made similar comments to Bloomberg, noting that in some cases, blockchain security auditors have earned up to $400,000 per year.